Kforce (KFRC) Projected to Post Earnings on Monday

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

Kforce Stock Up 4.0%

Shares of Kforce stock traded up $1.71 during trading on Tuesday, hitting $44.45. 145,387 shares of the stock traded hands, compared to its average volume of 137,214. The stock has a market cap of $828.01 million, a P/E ratio of 16.58 and a beta of 0.75. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.06 and a current ratio of 2.06. Kforce has a twelve month low of $35.50 and a twelve month high of $71.48. The company has a fifty day moving average price of $41.59 and a two-hundred day moving average price of $46.52.

Kforce Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were issued a $0.39 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.56 annualized dividend and a yield of 3.51%. Kforce's dividend payout ratio (DPR) is currently 61.18%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KFRC. Truist Financial lowered their price objective on Kforce from $58.00 to $50.00 and set a "hold" rating on the stock in a research report on Tuesday, April 15th. UBS Group decreased their target price on Kforce from $47.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, April 30th. Finally, Wall Street Zen cut Kforce from a "buy" rating to a "hold" rating in a report on Friday, May 2nd.

Insiders Place Their Bets

In other Kforce news, Director David L. Dunkel acquired 1,000 shares of the business's stock in a transaction dated Monday, May 5th. The stock was bought at an average cost of $37.80 per share, with a total value of $37,800.00. Following the completion of the transaction, the director directly owned 517,329 shares in the company, valued at approximately $19,555,036.20. This represents a 0.19% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kforce

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