Kforce (KFRC) Stock Forecast, Price & News

2 Wall Street research 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 research 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.
View KFRC analyst ratings or view top-rated stocks.

2 brokers have issued 1-year target prices for Kforce's stock. Their KFRC share price forecasts range from $62.00 to $62.00. On average, they expect the company's stock price to reach $62.00 in the next year. This suggests a possible upside of 3.6% from the stock's current price.
View analysts price targets for KFRC or view top-rated stocks among Wall Street analysts.

Kforce's stock was trading at $54.83 at the beginning of 2023. Since then, KFRC shares have increased by 9.2% and is now trading at $59.85.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our KFRC earnings forecast.

Kforce Inc. (NASDAQ:KFRC) announced its quarterly earnings results on Monday, July, 31st. The business services provider reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by $0.03. The business services provider earned $389.10 million during the quarter, compared to the consensus estimate of $395.87 million. Kforce had a net margin of 3.88% and a trailing twelve-month return on equity of 39.62%. The firm's revenue was down 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.30 EPS.

Kforce declared a quarterly dividend on Friday, July 28th. Investors of record on Friday, September 15th will be given a dividend of $0.36 per share on Friday, September 29th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, September 14th.
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 (NASDAQ:KFRC) pays an annual dividend of $1.44 per share and currently has a dividend yield of 2.47%. 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 44.86%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KFRC will have a dividend payout ratio of 43.77% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KFRC.

Kforce updated its third quarter 2023 earnings guidance on Monday, July, 31st. The company provided earnings per share guidance of $0.60-$0.68 for the period, compared to the consensus EPS estimate of $0.98. The company issued revenue guidance of $359.00 million-$367.00 million, compared to the consensus revenue estimate of $399.07 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 trades on the NASDAQ under the ticker symbol "KFRC."

Kforce's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (12.50%), BlackRock Inc. (8.81%), Charles Schwab Investment Management Inc. (3.01%), Vaughan Nelson Investment Management L.P. (2.93%), New South Capital Management Inc. (2.81%) and Franklin Resources Inc. (2.36%). 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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One share of KFRC stock can currently be purchased for approximately $59.85.

Kforce (NASDAQ:KFRC) has a market capitalization of $1.20 billion and generates $1.71 billion in revenue each year. The business services provider earns $75.43 million in net income (profit) each year or $3.21 on an earnings per share basis.

The company employs 2,000 workers across the globe.

Kforce's mailing address is 1001 EAST PALM AVENUE, TAMPA FL, 33605. The official website for the company is www.kforce.com. The business services provider can be reached via phone at (813) 552-5000, via email at mblackman@kforce.com, or via fax at 813-254-9640.