Kforce (KFRC) will release its results on Monday

Kforce (NASDAQ: KFRCGet a rating) will release its earnings data after the market closes on Monday, October 31. Analysts expect Kforce to post earnings of $1.07 per share for the quarter. Kforce set its guidance for the third quarter at $1.03-1.11 EPS. Those interested in participating in the company’s earnings conference call can do so using this link.

Kforce (NASDAQ: KFRCGet a rating) last released its results on Monday, August 1. The business services provider reported EPS of $1.30 for the quarter, beating consensus analyst estimates of $1.19 by $0.11. The company posted revenue of $436.50 million for the quarter, versus a consensus estimate of $440.44 million. Kforce had a net margin of 5.21% and a return on equity of 44.12%. The company’s revenue for the quarter increased 8.1% on an annual basis. In the same quarter last year, the company posted EPS of $1.00. On average, analysts expect Kforce to post EPS of $4 for the current fiscal year and EPS of $4 for the next fiscal year.

Kforce stock down 2.2%

KFRC Stock opened at $60.85 on Monday. The company has a 50-day moving average of $58.95 and a 200-day moving average of $63.25. The stock has a market capitalization of $1.29 billion, a PE ratio of 14.74 and a beta of 0.99. Kforce has a 52-week low of $54.34 and a 52-week high of $81.47.

Kforce Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 30. Shareholders of record on Friday, September 16 received a dividend of $0.30 per share. This represents an annualized dividend of $1.20 and a dividend yield of 1.97%. The ex-dividend date was Thursday, September 15. The dividend payout ratio (DPR) of Kforce is 28.78%.

Wall Street analysts predict growth

Several equity research analysts have published reports on KFRC shares. Robert W. Baird lowered his price target on Kforce stock from $80.00 to $70.00 and set an “outperform” rating on the stock in a Friday, August 5 research note. Truist Financial cut its price target on Kforce shares from $80.00 to $65.00 in a research note on Friday, July 15. To finish, StockNews.com upgraded Kforce shares from a “buy” rating to a “strong buy” rating in a research note on Thursday.

Institutional entries and exits

Several large investors have recently bought and sold shares of KFRC. Quantbot Technologies LP increased its position in Kforce shares by 83.3% in the second quarter. Quantbot Technologies LP now owns 1,100 shares of the business services provider valued at $67,000 after buying an additional 500 shares last quarter. Graham Capital Management LP acquired a new position in Kforce shares in Q1 worth approximately $318,000. PDT Partners LLC increased its equity stake in Kforce by 115.9% during the 2nd quarter. PDT Partners LLC now owns 6,661 shares of the business services provider valued at $409,000 after purchasing an additional 3,576 shares during the period. Jane Street Group LLC increased its equity stake in Kforce by 30.5% during Q1. Jane Street Group LLC now owns 7,181 shares of the business services provider valued at $531,000 after purchasing an additional 1,679 shares during the period. Finally, US Bancorp DE increased its equity stake in Kforce by 4.8% during the 1st quarter. US Bancorp DE now owns 8,023 shares of the business services provider valued at $593,000 after buying 367 additional shares during the period. Hedge funds and other institutional investors own 94.26% of the company’s shares.

Kforce Company Profile

(Get a rating)

Kforce Inc provides professional recruitment 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 customers primarily in the areas of information technology, such as system/application architecture and development, data management and analytics, business and artificial intelligence , machine learning, project and program management, and network architecture and security.

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Earnings History for Kforce (NASDAQ:KFRC)

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