Analysts predict that Kforce Inc. (NASDAQ:KFRC) will report $361.77 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Kforce’s earnings, with the lowest sales estimate coming in at $361.20 million and the highest estimate coming in at $362.80 million. Kforce reported sales of $341.05 million during the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The firm is expected to announce its next earnings results before the market opens on Wednesday, October 31st.

On average, analysts expect that Kforce will report full year sales of $1.43 billion for the current fiscal year, with estimates ranging from $1.42 billion to $1.43 billion. For the next year, analysts anticipate that the business will report sales of $1.51 billion, with estimates ranging from $1.50 billion to $1.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Kforce.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Wednesday, August 1st. The business services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $358.62 million during the quarter, compared to analyst estimates of $358.07 million. Kforce had a return on equity of 34.52% and a net margin of 3.00%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share.

A number of brokerages have recently issued reports on KFRC. Zacks Investment Research raised Kforce from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Saturday, August 4th. BidaskClub lowered Kforce from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Robert W. Baird reaffirmed a “buy” rating and set a $45.00 target price on shares of Kforce in a research report on Thursday, August 2nd. Credit Suisse Group began coverage on Kforce in a research report on Friday, August 10th. They set a “neutral” rating and a $38.00 target price on the stock. Finally, SunTrust Banks boosted their target price on Kforce to $44.00 and gave the stock a “hold” rating in a research report on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $41.40.

Shares of Kforce stock opened at $33.74 on Friday. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $982.31 million, a PE ratio of 21.81 and a beta of 1.65. Kforce has a fifty-two week low of $19.10 and a fifty-two week high of $43.51.

The business also recently announced a quarterly dividend, which was paid on Friday, September 21st. Stockholders of record on Friday, September 7th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 6th. This is a positive change from Kforce’s previous quarterly dividend of $0.12. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.13%. Kforce’s payout ratio is 45.86%.

In other news, Director Richard M. Cocchiaro sold 5,373 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of $42.51, for a total transaction of $228,406.23. Following the sale, the director now directly owns 406,539 shares of the company’s stock, valued at $17,281,972.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jeffrey B. Hackman sold 1,000 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $38.00, for a total value of $38,000.00. Following the sale, the senior vice president now directly owns 40,858 shares in the company, valued at $1,552,604. The disclosure for this sale can be found here. Insiders have sold 95,955 shares of company stock worth $3,989,995 over the last ninety days. 12.50% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. American Century Companies Inc. acquired a new position in Kforce during the second quarter valued at $4,098,000. JPMorgan Chase & Co. raised its position in Kforce by 11.7% during the first quarter. JPMorgan Chase & Co. now owns 113,762 shares of the business services provider’s stock valued at $3,077,000 after buying an additional 11,955 shares during the period. Bessemer Group Inc. raised its position in Kforce by 253.0% during the second quarter. Bessemer Group Inc. now owns 22,200 shares of the business services provider’s stock valued at $761,000 after buying an additional 15,911 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Kforce during the second quarter valued at $580,000. Finally, BlackRock Inc. raised its position in Kforce by 29.4% during the second quarter. BlackRock Inc. now owns 2,070,717 shares of the business services provider’s stock valued at $71,027,000 after buying an additional 471,012 shares during the period. 79.69% of the stock is currently owned by hedge funds and other institutional investors.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

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Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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