Kforce Inc. (KFRC) To Go Ex-Dividend on December 5th
Kforce Inc. (NASDAQ:KFRC) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.18 per share by the business services provider on Friday, December 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, December 5th.
KFRC opened at $39.53 on Tuesday. The company has a quick ratio of 2.87, a current ratio of 2.87 and a debt-to-equity ratio of 0.35. The stock’s fifty day moving average is $39.57 and its two-hundred day moving average is $36.22. The company has a market capitalization of $898.89 million, a P/E ratio of 16.67 and a beta of 1.20. Kforce has a 52 week low of $27.95 and a 52 week high of $42.64.
Kforce (NASDAQ:KFRC) last issued its earnings results on Wednesday, October 30th. The business services provider reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Kforce had a return on equity of 30.85% and a net margin of 9.71%. The business had revenue of $345.60 million during the quarter, compared to analysts’ expectations of $340.32 million. During the same period in the prior year, the business earned $0.64 EPS. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts anticipate that Kforce will post 2.38 earnings per share for the current year.
In related news, CFO David M. Kelly sold 5,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $32.81, for a total transaction of $164,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark F. Furlong sold 3,363 shares of the company’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $40.00, for a total value of $134,520.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,524 shares of company stock valued at $9,780,650. Company insiders own 11.80% 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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