Kforce (NASDAQ:KFRC) Releases Q2 Earnings Guidance

Kforce (NASDAQ:KFRC) issued an update on its second quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.68-0.76 for the period, compared to the consensus estimate of $0.76. The company issued revenue guidance of $352-360 million, compared to the consensus revenue estimate of $363.93 million.

Kforce Stock Performance

KFRC traded up $0.10 on Monday, hitting $64.23. The company’s stock had a trading volume of 70,403 shares, compared to its average volume of 106,374. The company’s 50 day simple moving average is $68.19 and its 200-day simple moving average is $66.45. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.26. Kforce has a 12 month low of $50.89 and a 12 month high of $74.79. The firm has a market cap of $1.25 billion, a P/E ratio of 20.66 and a beta of 0.85.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Monday, February 5th. The business services provider reported $0.82 EPS 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 firm had revenue of $363.45 million during the quarter, compared to the consensus estimate of $363.29 million. During the same period last year, the firm earned $0.93 EPS. The business’s quarterly revenue was down 13.4% compared to the same quarter last year. Analysts forecast that Kforce will post 3.02 EPS for the current year.

Kforce Increases Dividend

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

Wall Street Analysts Forecast Growth

KFRC has been the topic of several research reports. Robert W. Baird raised their price objective on shares of Kforce from $62.00 to $72.00 and gave the company an outperform rating in a research report on Tuesday, February 6th. Truist Financial raised their price objective on shares of Kforce from $57.00 to $70.00 and gave the company a hold rating in a research report on Thursday, January 25th. Finally, StockNews.com cut shares of Kforce from a buy rating to a hold rating in a research report on Tuesday, February 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus 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.