Kforce (KFRC) Set to Announce Earnings on Monday

Kforce (NASDAQ:KFRC) will release its earnings data after the market closes on Monday, October 28th. Analysts expect Kforce to post earnings of $0.69 per share for the quarter. Kforce has set its Q3 guidance at $0.65-0.73 EPS and its Q3 2024 guidance at 0.650-0.730 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Kforce (NASDAQ:KFRC) last posted its earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.02. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The company had revenue of $356.32 million during the quarter, compared to analysts’ expectations of $356.20 million. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. On average, analysts expect Kforce to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kforce Trading Down 1.2 %

KFRC opened at $54.55 on Friday. Kforce has a 52 week low of $52.96 and a 52 week high of $74.79. The business has a fifty day simple moving average of $60.67 and a 200-day simple moving average of $62.51. The firm has a market cap of $1.06 billion, a P/E ratio of 20.28 and a beta of 0.87. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22.

Kforce Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a dividend of $0.38 per share. The ex-dividend date was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 2.79%. Kforce’s dividend payout ratio is currently 56.51%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on KFRC shares. StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target for the company in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $68.75.

About Kforce

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.