Kforce (KFRC) Set to Announce Earnings on Monday

Kforce (NASDAQ:KFRC) will announce its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.69 per share for the quarter. Kforce has set its Q3 guidance at $0.65-0.73 EPS and its Q3 2024 guidance at 0.650-0.730 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.02. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The business had revenue of $356.32 million during the quarter, compared to the consensus estimate of $356.20 million. During the same quarter last year, the firm posted $0.95 EPS. The company’s quarterly revenue was down 8.4% on a year-over-year basis. On average, analysts expect Kforce to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kforce Trading Down 1.2 %

Shares of Kforce stock opened at $54.55 on Friday. The business has a fifty day simple moving average of $60.67 and a two-hundred day simple moving average of $62.55. Kforce has a 1 year low of $52.96 and a 1 year high of $74.79. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 20.28 and a beta of 0.87. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33.

Kforce Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 2.79%. The ex-dividend date was Friday, September 13th. Kforce’s dividend payout ratio is 56.51%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price for the company in a report on Tuesday, October 15th. StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kforce presently has an average rating of “Moderate Buy” and a consensus price target of $68.75.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.