Kforce, Inc. (KFRC) to Issue Quarterly Dividend of $0.12 on September 22nd
Kforce, Inc. (NASDAQ:KFRC) announced a quarterly dividend on Wednesday, August 2nd, Wall Street Journal reports. Shareholders of record on Friday, September 8th will be given a dividend of 0.12 per share by the business services provider on Friday, September 22nd. This represents a $0.48 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date is Thursday, September 7th.
Shares of Kforce (KFRC) opened at 18.10 on Friday. The firm has a 50-day moving average price of $18.33 and a 200-day moving average price of $20.66. Kforce has a 52-week low of $15.95 and a 52-week high of $26.95. The stock has a market capitalization of $457.75 million, a P/E ratio of 13.19 and a beta of 1.56.
Kforce (NASDAQ:KFRC) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by $0.02. The company had revenue of $340.31 million during the quarter, compared to analysts’ expectations of $345.24 million. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, analysts predict that Kforce will post $1.51 EPS for the current year.
A number of equities research analysts have issued reports on the company. ValuEngine lowered Kforce from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded shares of Kforce from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Deutsche Bank AG lowered their price target on shares of Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, August 2nd. BidaskClub downgraded shares of Kforce from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Finally, TheStreet downgraded shares of Kforce from a “b-” rating to a “c+” rating in a report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $25.25.
Kforce Company Profile
Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
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