$0.66 EPS Expected for Kforce Inc. (NASDAQ:KFRC) This Quarter
Analysts expect Kforce Inc. (NASDAQ:KFRC) to report $0.66 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Kforce’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.65. Kforce posted earnings of $0.65 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.5%. The company is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, July 31st.
On average, analysts expect that Kforce will report full-year earnings of $2.38 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.38. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.84 per share, with EPS estimates ranging from $2.80 to $2.87. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Kforce.
Kforce (NASDAQ:KFRC) last released its earnings results on Wednesday, May 1st. The business services provider reported $0.38 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.02). Kforce had a net margin of 5.41% and a return on equity of 35.26%. The company had revenue of $326.70 million for the quarter, compared to analyst estimates of $329.80 million. During the same quarter in the previous year, the firm earned $0.37 EPS. The firm’s revenue was up 2.9% on a year-over-year basis.
Shares of Kforce stock traded up $0.33 during trading on Monday, reaching $35.82. 175,122 shares of the company traded hands, compared to its average volume of 110,935. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.47. Kforce has a 1-year low of $27.95 and a 1-year high of $43.51. The company has a 50 day moving average price of $35.43. The company has a market cap of $902.17 million, a price-to-earnings ratio of 15.30 and a beta of 1.22.
The business also recently announced a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a dividend of $0.18 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.01%. Kforce’s payout ratio is presently 31.30%.
In related news, Director N John Simmons sold 1,500 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $35.00, for a total transaction of $52,500.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO David M. Kelly sold 10,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $35.80, for a total transaction of $358,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 29,500 shares of company stock worth $1,051,990 in the last quarter. 11.80% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in KFRC. Meeder Asset Management Inc. increased its stake in Kforce by 143.3% during the 1st quarter. Meeder Asset Management Inc. now owns 2,506 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 1,476 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Kforce by 12.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,654 shares of the business services provider’s stock valued at $113,000 after purchasing an additional 396 shares in the last quarter. Legal & General Group Plc increased its stake in Kforce by 19.6% during the 4th quarter. Legal & General Group Plc now owns 4,301 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 706 shares in the last quarter. United Services Automobile Association increased its stake in Kforce by 11.4% during the 4th quarter. United Services Automobile Association now owns 6,601 shares of the business services provider’s stock valued at $204,000 after purchasing an additional 676 shares in the last quarter. Finally, Qtron Investments LLC bought a new stake in Kforce during the 1st quarter valued at $215,000. Institutional investors and hedge funds own 82.74% of the company’s stock.
Kforce Company Profile
Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.
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