Research Analysts Set Expectations for Kforce Q4 Earnings

Kforce Inc. (NASDAQ:KFRC - Free Report) - Stock analysts at William Blair cut their Q4 2024 EPS estimates for Kforce in a research note issued to investors on Tuesday, October 29th. William Blair analyst T. Romeo now forecasts that the business services provider will earn $0.60 per share for the quarter, down from their previous forecast of $0.61. The consensus estimate for Kforce's current full-year earnings is $2.70 per share. William Blair also issued estimates for Kforce's Q1 2025 earnings at $0.47 EPS, Q2 2025 earnings at $0.73 EPS, Q4 2025 earnings at $0.73 EPS, FY2025 earnings at $2.77 EPS and FY2026 earnings at $3.36 EPS.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The firm had revenue of $353.30 million for the quarter, compared to analysts' expectations of $352.19 million. Kforce had a net margin of 3.56% and a return on equity of 34.89%. The firm's quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share.

Several other research firms have also commented on KFRC. Truist Financial lowered their price target on shares of Kforce from $68.00 to $58.00 and set a "hold" rating for the company in a research report on Tuesday. Sidoti upgraded shares of 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. Finally, StockNews.com upgraded shares of Kforce from a "hold" rating to a "buy" rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $65.75.

Kforce Stock Up 0.2 %

KFRC traded up $0.12 during trading on Wednesday, hitting $57.18. The company had a trading volume of 19,934 shares, compared to its average volume of 111,584. The company has a market cap of $1.11 billion, a PE ratio of 21.33 and a beta of 0.87. Kforce has a 1-year low of $52.96 and a 1-year high of $74.79. The business has a 50-day moving average of $60.36 and a 200-day moving average of $62.36. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33.

Institutional Trading of Kforce

A number of hedge funds have recently bought and sold shares of the company. Blue Trust Inc. lifted its position in shares of Kforce by 59.9% in the second quarter. Blue Trust Inc. now owns 427 shares of the business services provider's stock worth $27,000 after purchasing an additional 160 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Kforce in the third quarter worth approximately $30,000. nVerses Capital LLC lifted its position in shares of Kforce by 50.0% in the second quarter. nVerses Capital LLC now owns 900 shares of the business services provider's stock worth $56,000 after purchasing an additional 300 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Kforce in the second quarter worth approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Kforce by 96.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider's stock worth $82,000 after purchasing an additional 643 shares in the last quarter. 92.77% of the stock is owned by hedge funds and other institutional investors.

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.