Kforce, Inc. (NASDAQ:KFRC) – Equities researchers at Northcoast Research raised their FY2018 earnings estimates for Kforce in a report issued on Monday. Northcoast Research analyst J. Healy now forecasts that the business services provider will earn $1.79 per share for the year, up from their previous estimate of $1.65. Northcoast Research currently has a “Buy” rating on the stock.

Kforce (NASDAQ:KFRC) last posted its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The firm had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. During the same quarter last year, the firm earned $0.44 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year.

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Several other research firms have also recently commented on KFRC. Robert W. Baird reissued a “buy” rating and set a $25.00 target price on shares of Kforce in a research report on Friday, November 3rd. Zacks Investment Research cut shares of Kforce from a “hold” rating to a “sell” rating in a research report on Saturday, October 28th. ValuEngine raised shares of Kforce from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. SunTrust Banks, Inc. cut shares of Kforce from a “buy” rating to a “hold” rating and dropped their target price for the stock from $23.00 to $22.00 in a research report on Wednesday, October 11th. Finally, TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $24.20.

Kforce (KFRC) traded down $0.05 during trading on Wednesday, hitting $24.05. 93,018 shares of the company’s stock traded hands, compared to its average volume of 128,058. Kforce has a 1 year low of $16.75 and a 1 year high of $26.95. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.95 and a current ratio of 2.95. The company has a market cap of $637.86, a PE ratio of 16.15 and a beta of 1.56.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.00%. Kforce’s payout ratio is currently 33.80%.

In other news, CFO David M. Kelly sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $24.05, for a total transaction of $360,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO David L. Dunkel sold 17,000 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $23.90, for a total transaction of $406,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,700 shares of company stock valued at $1,008,295. 13.30% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. grew its stake in Kforce by 10.1% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 220,836 shares of the business services provider’s stock valued at $5,245,000 after buying an additional 20,177 shares in the last quarter. KCG Holdings Inc. purchased a new position in Kforce in the 1st quarter valued at approximately $482,000. AJO LP purchased a new position in Kforce in the 2nd quarter valued at approximately $1,828,000. Dupont Capital Management Corp grew its stake in Kforce by 102.1% in the 2nd quarter. Dupont Capital Management Corp now owns 91,921 shares of the business services provider’s stock valued at $1,802,000 after buying an additional 46,446 shares in the last quarter. Finally, LSV Asset Management grew its stake in Kforce by 73.7% in the 2nd quarter. LSV Asset Management now owns 344,933 shares of the business services provider’s stock valued at $6,760,000 after buying an additional 146,400 shares in the last quarter. Institutional investors and hedge funds own 78.40% of the company’s stock.

About Kforce

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.

Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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