Kforce (NASDAQ:KFRC - Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided EPS guidance of 0.560-0.640 for the period, compared to the consensus EPS estimate of 0.670. The company issued revenue guidance of $337.0 million-$345.0 million, compared to the consensus revenue estimate of $345.1 million.
Kforce Stock Up 2.1 %
KFRC traded up $1.13 during midday trading on Monday, hitting $55.68. 260,550 shares of the company's stock traded hands, compared to its average volume of 111,205. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33. The company has a market cap of $1.08 billion, a PE ratio of 20.70 and a beta of 0.87. The stock's fifty day simple moving average is $60.48 and its 200-day simple moving average is $62.41. Kforce has a one year low of $52.96 and a one year high of $74.79.
Kforce (NASDAQ:KFRC - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The business services provider reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.73 by $0.02. The business had revenue of $356.32 million for the quarter, compared to the consensus estimate of $356.20 million. Kforce had a net margin of 3.56% and a return on equity of 34.89%. Kforce's revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. As a group, equities analysts anticipate that Kforce will post 2.7 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on KFRC. Sidoti raised 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. StockNews.com raised 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 issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $68.75.
Check Out Our Latest Stock Report on KFRC
About Kforce
(
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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.
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