Kforce, Inc. (NASDAQ:KFRC) announced its quarterly earnings results on Tuesday. The business services provider reported $0.45 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.45, Briefing.com reports. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The firm had revenue of $341.05 million during the quarter, compared to analyst estimates of $340.67 million. During the same quarter in the previous year, the business earned $0.44 EPS. Kforce’s revenue for the quarter was up .2% compared to the same quarter last year. Kforce updated its Q4 guidance to $0.42-0.44 EPS.

Kforce (KFRC) traded up 9.07% during midday trading on Wednesday, reaching $22.85. The company’s stock had a trading volume of 191,934 shares. The firm has a market capitalization of $577.88 million, a P/E ratio of 16.65 and a beta of 1.59. The company’s 50-day moving average is $19.72 and its 200 day moving average is $19.28. Kforce has a 52 week low of $15.95 and a 52 week high of $26.95.

Several brokerages recently weighed in on KFRC. Zacks Investment Research lowered Kforce from a “hold” rating to a “sell” rating in a research note on Saturday. ValuEngine upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. SunTrust Banks, Inc. lowered Kforce from a “buy” rating to a “hold” rating and cut their price target for the company from $23.00 to $22.00 in a research note on Wednesday, October 11th. TheStreet upgraded Kforce from a “c+” rating to a “b” rating in a research note on Monday, October 2nd. Finally, BidaskClub lowered Kforce from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $23.20.

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In other Kforce news, COO Kye L. Mitchell sold 5,000 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $17.99, for a total value of $89,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.30% of the company’s stock.

Kforce Company Profile

Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.

Earnings History for Kforce (NASDAQ:KFRC)

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