Kforce (KFRC) Receives News Impact Score of 0.06
Media headlines about Kforce (NASDAQ:KFRC) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Kforce earned a news impact score of 0.06 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.140951027295 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Kye L. Mitchell Sells 5,000 Shares of Kforce, Inc. (KFRC) Stock (americanbankingnews.com)
- Were Analysts Bearish The Ultimate Software Group, Inc. (NASDAQ:ULTI) This Week? (wisdomsave.com)
- Placing the Spotlight on Ultimate Software Group Inc (ULTI) (techkenyot.com)
- Kforce, Inc. (KFRC) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Several equities research analysts have issued reports on the stock. BidaskClub lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. TheStreet lowered shares of Kforce from a “b-” rating to a “c+” rating in a research report on Wednesday, May 31st. Zacks Investment Research lowered shares of Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Deutsche Bank AG dropped their target price on shares of Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Kforce from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. Kforce currently has an average rating of “Hold” and a consensus target price of $25.25.
Shares of Kforce (KFRC) traded up 0.5918% during midday trading on Tuesday, reaching $18.4083. 25,295 shares of the company’s stock traded hands. Kforce has a one year low of $15.95 and a one year high of $26.95. The firm has a market capitalization of $465.55 million, a PE ratio of 13.4171 and a beta of 1.56. The stock’s 50-day moving average price is $18.08 and its 200 day moving average price is $20.35.
Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Kforce had a net margin of 2.64% and a return on equity of 29.67%. The company had revenue of $340.31 million for the quarter, compared to analysts’ expectations of $345.24 million. During the same period last year, the business earned $0.41 earnings per share. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, equities research analysts expect that Kforce will post $1.51 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 8th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Thursday, September 7th. Kforce’s dividend payout ratio (DPR) is presently 35.04%.
In related news, COO Kye L. Mitchell sold 5,000 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $17.99, for a total value of $89,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.30% of the company’s stock.
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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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