William Blair Brokers Lower Earnings Estimates for Kforce

Kforce Inc. (NASDAQ:KFRC - Free Report) - Equities research analysts at William Blair dropped their Q4 2024 earnings per share (EPS) estimates for shares of Kforce in a research note issued on Tuesday, October 29th. William Blair analyst T. Romeo now expects that the business services provider will post earnings of $0.60 per share for the quarter, down from their prior estimate 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 issued its quarterly earnings results on Monday, October 28th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.06. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The firm had revenue of $353.30 million during the quarter, compared to the consensus estimate of $352.19 million. During the same quarter last year, the company posted $0.90 EPS. The company's revenue for the quarter was down 5.3% on a year-over-year basis.

A number of other brokerages have also recently commented on KFRC. Sidoti upgraded shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price on the stock in a research report on Tuesday, October 15th. Truist Financial decreased their price objective on shares of Kforce from $68.00 to $58.00 and set a "hold" rating for the company in a report on Tuesday. Finally, StockNews.com upgraded Kforce from a "hold" rating to a "buy" rating in a research report on Thursday, August 1st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Kforce currently has a consensus rating of "Moderate Buy" and an average price target of $65.75.

Kforce Price Performance

Shares of Kforce stock traded up $1.75 during trading on Wednesday, hitting $58.81. 181,866 shares of the stock traded hands, compared to its average volume of 112,356. Kforce has a 52 week low of $52.96 and a 52 week high of $74.79. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average is $60.36 and its 200-day moving average is $62.36. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 21.33 and a beta of 0.87.

Kforce Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date is Friday, December 6th. Kforce's payout ratio is currently 56.51%.

Institutional Investors Weigh In On Kforce

Several large investors have recently bought and sold shares of KFRC. Blue Trust Inc. boosted its stake in shares of Kforce by 59.9% in the 2nd quarter. Blue Trust Inc. now owns 427 shares of the business services provider's stock worth $27,000 after buying an additional 160 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in Kforce during the third quarter valued at about $30,000. nVerses Capital LLC increased its position in 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 buying an additional 300 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Kforce during the 2nd quarter valued at about $68,000. Finally, Benjamin F. Edwards & Company Inc. grew its stake in shares of Kforce by 96.0% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 1,313 shares of the business services provider's stock valued at $82,000 after acquiring an additional 643 shares during the period. 92.77% of the stock is currently owned by 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.