Kforce (NASDAQ:KFRC) Announces Quarterly Earnings Results

Kforce (NASDAQ:KFRC) announced its quarterly earnings results on Monday. The business services provider reported $0.90 EPS for the quarter, beating the consensus estimate of $0.76 by $0.14, Briefing.com reports. Kforce had a net margin of 3.59% and a return on equity of 30.34%. During the same period in the prior year, the business posted $0.63 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year.

Kforce Price Performance

Shares of NASDAQ KFRC traded down $0.00 during mid-day trading on Monday, reaching $58.50. 497,175 shares of the company were exchanged, compared to its average volume of 249,534. Kforce has a 52 week low of $24.49 and a 52 week high of $61.68. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $1.05 billion, a PE ratio of 21.83 and a beta of 0.90. The company’s 50 day moving average price is $53.38 and its 200 day moving average price is $49.09.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Kforce from $42.00 to $63.00 and gave the stock an “outperform” rating in a report on Tuesday, July 28th. UBS Group set a $59.00 price objective on Kforce in a research note on Tuesday, July 28th. Zacks Research lowered Kforce from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Truist Financial boosted their target price on Kforce from $38.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $60.67.

About Kforce

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.