Kforce Inc. (NASDAQ:KFRC) Declares $0.39 Quarterly Dividend

Kforce Inc. (NASDAQ:KFRC - Get Free Report) announced a quarterly dividend on Tuesday, April 29th, Wall Street Journal reports. Stockholders of record on Friday, June 13th will be given a dividend of 0.39 per share by the business services provider on Friday, June 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Friday, June 13th.

Kforce has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kforce to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 46.1%.

Kforce Stock Performance

KFRC traded up $0.39 during trading hours on Friday, hitting $38.69. The company's stock had a trading volume of 225,651 shares, compared to its average volume of 125,623. The company has a 50-day simple moving average of $46.84 and a 200 day simple moving average of $53.08. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $739.40 million, a PE ratio of 14.44 and a beta of 0.76. Kforce has a fifty-two week low of $35.50 and a fifty-two week high of $71.48.

Kforce (NASDAQ:KFRC - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The business services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.48 by ($0.03). The business had revenue of $330.03 million for the quarter, compared to analyst estimates of $334.61 million. Kforce had a net margin of 3.59% and a return on equity of 30.34%. Kforce's revenue for the quarter was down 6.2% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share. As a group, sell-side analysts expect that Kforce will post 2.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on KFRC shares. Truist Financial cut their target price on Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research report on Tuesday, April 15th. StockNews.com cut Kforce from a "buy" rating to a "hold" rating in a research note on Friday. Finally, UBS Group dropped their price target on shares of Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Wednesday.

Kforce Company Profile

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.