Kforce (NASDAQ:KFRC) Updates Q2 Earnings Guidance

Kforce (NASDAQ:KFRC) updated its second quarter earnings guidance on Monday. The company provided EPS guidance of $0.68-0.76 for the period, compared to the consensus EPS estimate of $0.76. The company issued revenue guidance of $352-360 million, compared to the consensus revenue estimate of $363.93 million. Kforce also updated its Q2 2024 guidance to 0.680-0.760 EPS.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on KFRC shares. Robert W. Baird reduced their price target on shares of Kforce from $72.00 to $71.00 and set an outperform rating for the company in a research report on Tuesday. StockNews.com downgraded Kforce from a buy rating to a hold rating in a research note on Tuesday, February 6th. Finally, Truist Financial boosted their price objective on Kforce from $57.00 to $70.00 and gave the company a hold rating in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Kforce presently has a consensus rating of Hold and an average price target of $68.00.

Kforce Stock Up 1.7 %

Kforce stock opened at $62.78 on Thursday. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 21.72 and a beta of 0.88. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average of $67.88 and a two-hundred day moving average of $66.48. Kforce has a twelve month low of $50.89 and a twelve month high of $74.79.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, April 29th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Kforce had a net margin of 3.78% and a return on equity of 35.83%. The company had revenue of $351.89 million for the quarter, compared to analysts’ expectations of $354.92 million. During the same period in the previous year, the company posted $0.82 EPS. Kforce’s revenue was down 13.3% compared to the same quarter last year. As a group, research analysts expect that Kforce will post 2.82 earnings per share for the current year.

Kforce Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 dividend on an annualized basis and a yield of 2.42%. Kforce’s payout ratio is currently 52.60%.

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.