Kforce (KFRC) Projected to Post Quarterly Earnings on Monday

Kforce (NASDAQ:KFRC - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Monday, July 28th. Analysts expect the company to announce earnings of $0.60 per share and revenue of $333.78 million for the quarter. Kforce has set its Q2 2025 guidance at 0.570-0.650 EPS.

Kforce (NASDAQ:KFRC - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The business services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.03). The company had revenue of $330.03 million during the quarter, compared to analysts' expectations of $334.61 million. Kforce had a return on equity of 30.34% and a net margin of 3.59%. The company's revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. On average, analysts expect Kforce to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kforce Stock Performance

NASDAQ KFRC traded up $1.36 on Thursday, hitting $46.38. 309,878 shares of the company traded hands, compared to its average volume of 143,661. The business's 50 day moving average price is $41.84 and its 200-day moving average price is $46.34. Kforce has a 52-week low of $35.50 and a 52-week high of $71.48. 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 company has a market capitalization of $864.04 million, a price-to-earnings ratio of 17.31 and a beta of 0.75.

Kforce Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, June 13th. Kforce's dividend payout ratio (DPR) is currently 61.18%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Truist Financial cut their price objective on Kforce from $58.00 to $50.00 and set a "hold" rating for the company in a research note on Tuesday, April 15th. UBS Group raised their price objective on shares of Kforce from $40.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Wall Street Zen downgraded shares of Kforce from a "buy" rating to a "hold" rating in a report on Friday, May 2nd.

Insider Transactions at Kforce

In other Kforce news, Director David L. Dunkel purchased 1,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was acquired at an average cost of $37.80 per share, for a total transaction of $37,800.00. Following the purchase, the director directly owned 517,329 shares of the company's stock, valued at $19,555,036.20. This trade represents a 0.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.40% of the company's stock.

Hedge Funds Weigh In On Kforce

Hedge funds have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kforce by 5.8% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 39,416 shares of the business services provider's stock valued at $1,927,000 after purchasing an additional 2,159 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Kforce by 64.9% during the first quarter. Goldman Sachs Group Inc. now owns 251,712 shares of the business services provider's stock valued at $12,306,000 after buying an additional 99,050 shares during the last quarter. Millennium Management LLC grew its holdings in Kforce by 3.5% during the 1st quarter. Millennium Management LLC now owns 133,829 shares of the business services provider's stock valued at $6,543,000 after buying an additional 4,511 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kforce by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,841 shares of the business services provider's stock valued at $530,000 after buying an additional 474 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Kforce by 9.7% in the 1st quarter. AQR Capital Management LLC now owns 22,785 shares of the business services provider's stock worth $1,114,000 after acquiring an additional 2,017 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company's stock.

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.