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

Key Points

• Kforce Inc. has declared a quarterly dividend of $0.39 per share, which translates to an annualized dividend of $1.56 and a yield of 4.06%, with an ex-dividend date set for September 12th.
• The company reported earnings of $0.59 per share for the last quarter, missing expectations and showing a revenue decline of 6.2% compared to the previous year.
• Kforce's stock price has dropped 18.1% recently, closing at $38.40, against a 52-week high of $71.48, indicating significant volatility in its share price.

Kforce Inc. (NASDAQ:KFRC - Get Free Report) declared a quarterly dividend on Tuesday, July 29th, Wall Street Journal reports. Investors of record on Friday, September 12th will be paid a dividend of 0.39 per share by the business services provider on Friday, September 26th. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, September 12th.

Kforce has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities research 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 Down 1.9%

KFRC stock traded down $0.65 during midday trading on Friday, reaching $34.20. 352,795 shares of the company's stock traded hands, compared to its average volume of 158,763. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm's fifty day moving average price is $41.62 and its 200-day moving average price is $45.68. Kforce has a 52 week low of $33.28 and a 52 week high of $67.33. The company has a market cap of $637.09 million, a price-to-earnings ratio of 12.76 and a beta of 0.75.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its earnings results on Monday, July 28th. The business services provider reported $0.59 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.01). The business had revenue of $334.32 million during the quarter, compared to analyst estimates of $333.78 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. The company's revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, sell-side analysts forecast that Kforce will post 2.7 earnings per share for the current fiscal year.

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.