Kforce (KFRC) to Release Earnings on Monday

Kforce (NASDAQ:KFRC - Get Free Report) is scheduled to announce its earnings results after the market closes on Monday, October 28th. Analysts expect the company to announce 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.Parties that are interested in participating in the company's conference call can do so using this link.

Kforce (NASDAQ:KFRC - Get Free Report) last released its earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, beating 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 for the quarter, compared to analysts' expectations of $356.20 million. During the same quarter in the previous year, the business posted $0.95 EPS. The business's revenue for the quarter was down 8.4% on a year-over-year basis. On average, analysts expect Kforce to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kforce Stock Down 3.6 %

NASDAQ:KFRC traded down $1.98 during mid-day trading on Monday, reaching $53.60. The stock had a trading volume of 208,777 shares, compared to its average volume of 104,782. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33. Kforce has a fifty-two week low of $53.55 and a fifty-two week high of $74.79. The business's 50 day moving average is $61.63 and its 200 day moving average is $62.96. The stock has a market cap of $1.04 billion, a P/E ratio of 18.58 and a beta of 0.87.

Kforce Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 2.84%. Kforce's payout ratio is 52.60%.

Analyst Upgrades and Downgrades

KFRC has been the subject of several research reports. Sidoti upgraded shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 target price for the company in a research note on Tuesday, October 15th. StockNews.com upgraded shares of Kforce from a "hold" rating to a "buy" rating in a research note 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. According to data from MarketBeat.com, Kforce currently has a consensus rating of "Moderate Buy" and a consensus price target 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.