Kforce (KFRC) Earning Somewhat Favorable News Coverage, Analysis Finds
News headlines about Kforce (NASDAQ:KFRC) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Kforce earned a news impact score of 0.04 on Accern’s scale. Accern also gave news coverage about the business services provider an impact score of 45.0275238964649 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s rankings:
- Kforce Inc. (KFRC) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- Chief Corporate Dev. Officer of Kforce Inc (NASDAQ:KFRC), Blackman Michael R, sells 7,865 shares worth $204,569 (empowerednews.net)
- Kforce Inc. (KFRC) President Joseph J. Liberatore Sells 21,380 Shares (americanbankingnews.com)
- Kforce Inc. Schedules Fourth Quarter 2017 Earnings Release and Conference Call (finance.yahoo.com)
KFRC has been the subject of a number of research analyst reports. TheStreet raised shares of Kforce from a “c+” rating to a “b” rating in a research report on Monday, October 2nd. BidaskClub downgraded shares of Kforce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, January 3rd. Northcoast Research raised shares of Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 target price on shares of Kforce in a research report on Friday, November 3rd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $24.83.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, October 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. Kforce had a net margin of 2.71% and a return on equity of 28.83%. The firm had revenue of $341.05 million during the quarter, compared to the consensus estimate of $340.67 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up .2% compared to the same quarter last year. sell-side analysts forecast that Kforce will post 1.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Thursday, December 7th. Kforce’s payout ratio is 33.57%.
In other news, Director N John Simmons sold 5,000 shares of the business’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $23.31, for a total transaction of $116,550.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph Struzziero sold 1,229 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $27.05, for a total transaction of $33,244.45. Following the sale, the director now directly owns 46,035 shares of the company’s stock, valued at approximately $1,245,246.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,137 shares of company stock valued at $2,686,362. Insiders own 13.30% of the company’s stock.
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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.
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