Kforce (NASDAQ:KFRC) Issues Earnings Results, Beats Expectations By $0.06 EPS

Kforce (NASDAQ:KFRC - Get Free Report) issued its earnings results on Monday. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06, Briefing.com reports. The company had revenue of $353.30 million during the quarter, compared to the consensus estimate of $352.19 million. Kforce had a net margin of 3.56% and a return on equity of 34.89%. Kforce's quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. Kforce updated its Q4 2024 guidance to 0.560-0.640 EPS.

Kforce Price Performance

Shares of KFRC traded up $1.46 during midday trading on Tuesday, hitting $57.14. 282,181 shares of the company traded hands, compared to its average volume of 112,023. The firm has a 50 day moving average of $60.48 and a 200-day moving average of $62.41. Kforce has a 52 week low of $52.96 and a 52 week high of $74.79. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of 21.21 and a beta of 0.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KFRC shares. Truist Financial dropped their target price on shares of Kforce from $68.00 to $58.00 and set a "hold" rating for the company in a report on Tuesday. Sidoti raised shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of Kforce from a "hold" rating to a "buy" rating in a report on Thursday, August 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Kforce has an average rating of "Moderate Buy" and an average target price of $65.75.

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.