Kforce Stock Price, News & Analysis (NASDAQ:KFRC)

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Kforce in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" KFRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KFRC, but not buy additional shares or sell existing shares.
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2 equities research analysts have issued twelve-month price objectives for Kforce's stock. Their KFRC share price targets range from $62.00 to $63.00. On average, they anticipate the company's stock price to reach $62.50 in the next twelve months. This suggests that the stock has a possible downside of 9.5%.
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Kforce's stock was trading at $54.83 at the start of the year. Since then, KFRC shares have increased by 26.0% and is now trading at $69.07.
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The company is scheduled to release its next quarterly earnings announcement on Monday, February 5th 2024.
View our KFRC earnings forecast.

Kforce Inc. (NASDAQ:KFRC) released its earnings results on Monday, October, 30th. The business services provider reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.15. The business services provider earned $373.12 million during the quarter, compared to analysts' expectations of $363.26 million. Kforce had a net margin of 3.30% and a trailing twelve-month return on equity of 38.65%. The business's revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 EPS.

Kforce declared a quarterly dividend on Friday, October 27th. Stockholders of record on Friday, December 15th will be paid a dividend of $0.36 per share on Friday, December 29th. This represents a $1.44 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Thursday, December 14th.
Read our dividend analysis for KFRC.

Kforce (NASDAQ:KFRC) pays an annual dividend of $1.44 per share and currently has a dividend yield of 2.09%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 54.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KFRC will have a dividend payout ratio of 46.45% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KFRC.

ETFs with the largest weight of Kforce (NASDAQ:KFRC) stock in their portfolio include Opus Small Cap Value Plus ETF (OSCV), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB) and Hartford Multifactor Small Cap ETF (ROSC).iShares U.S. Small Cap Equity Factor ETF (SMLF).

Kforce updated its fourth quarter 2023 earnings guidance on Monday, October, 30th. The company provided earnings per share (EPS) guidance of $0.74-$0.82 for the period, compared to the consensus earnings per share estimate of $0.78. The company issued revenue guidance of $359.00 million-$367.00 million, compared to the consensus revenue estimate of $351.55 million.

680 employees have rated Kforce Chief Executive Officer David L. Dunkel on Glassdoor.com. David L. Dunkel has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Kforce investors own include Extra Space Storage (EXR), Hanesbrands (HBI), Brinker International (EAT), DHT (DHT), International Paper (IP), Novavax (NVAX), Domtar (UFS), Bristol-Myers Squibb (BMY), Eastman Chemical (EMN) and Iron Mountain (IRM).

Kforce's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (12.54%), FMR LLC (10.53%), Vaughan Nelson Investment Management L.P. (3.09%), Charles Schwab Investment Management Inc. (3.08%), New South Capital Management Inc. (2.79%) and Copeland Capital Management LLC (2.65%). Insiders that own company stock include Andrew G Thomas, David L Dunkel, David L Dunkel, David M Kelly, Elaine Rosen, Jeffrey B Hackman, Jeffrey B Hackman, Joseph J Liberatore, Joseph J Liberatore, Kye L Mitchell, Mark F Furlong, Michael R Blackman, N John Simmons and Ralph Struzziero.
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Shares of KFRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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