Kforce (NASDAQ:KFRC – Get Free Report) released its quarterly earnings results on Monday. The business services provider reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58, Briefing.com reports. The business had revenue of $351.89 million for the quarter, compared to the consensus estimate of $354.92 million. Kforce had a net margin of 3.78% and a return on equity of 35.83%. Kforce’s revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.82 earnings per share. Kforce updated its Q2 guidance to $0.68-0.76 EPS and its Q2 2024 guidance to 0.680-0.760 EPS.
Kforce Stock Down 3.8 %
KFRC stock opened at $61.76 on Wednesday. The stock has a market capitalization of $1.21 billion, a P/E ratio of 21.37 and a beta of 0.85. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26. Kforce has a 12 month low of $50.89 and a 12 month high of $74.79. The firm has a 50-day moving average price of $67.98 and a 200-day moving average price of $66.50.
Kforce Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.38 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.46%. This is a boost from Kforce’s previous quarterly dividend of $0.36. Kforce’s dividend payout ratio is 52.60%.
Analyst Upgrades and Downgrades
About Kforce
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.
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