Kforce (KFRC) to Release Quarterly Earnings on Monday

Kforce (NASDAQ:KFRC) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, April 29th. Analysts expect the company to announce earnings of $0.58 per share for the quarter. Kforce has set its Q1 guidance at $0.54-0.62 EPS and its Q1 2024 guidance at 0.540-0.620 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.03. Kforce had a net margin of 3.99% and a return on equity of 38.24%. The company had revenue of $363.45 million during the quarter, compared to the consensus estimate of $363.29 million. During the same quarter last year, the firm earned $0.93 earnings per share. The firm’s quarterly revenue was down 13.4% compared to the same quarter last year. On average, analysts expect Kforce to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Kforce Trading Up 0.2 %

NASDAQ:KFRC opened at $64.13 on Friday. The company has a 50 day simple moving average of $68.19 and a two-hundred day simple moving average of $66.36. The company has a market cap of $1.25 billion, a PE ratio of 20.49 and a beta of 0.85. Kforce has a 12 month low of $50.89 and a 12 month high of $74.79. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26.

Kforce Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 annualized dividend and a yield of 2.37%. This is a boost from Kforce’s previous quarterly dividend of $0.36. Kforce’s payout ratio is presently 48.56%.

Wall Street Analysts Forecast Growth

KFRC has been the subject of several research reports. Truist Financial upped their price target on shares of Kforce from $57.00 to $70.00 and gave the stock a “hold” rating in a research report on Thursday, January 25th. StockNews.com lowered shares of Kforce from a “buy” rating to a “hold” rating in a research note on Tuesday, February 6th. Finally, Robert W. Baird upped their price target on shares of Kforce from $62.00 to $72.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.33.

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.