Wall Street brokerages expect that Kforce Inc. (NASDAQ:KFRC) will post sales of $352.18 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kforce’s earnings, with estimates ranging from $351.18 million to $353.10 million. Kforce posted sales of $342.59 million in the same quarter last year, which would indicate a positive year over year growth rate of 2.8%. The company is expected to announce its next earnings results on Tuesday, February 5th.

On average, analysts expect that Kforce will report full-year sales of $1.41 billion for the current financial year. For the next year, analysts anticipate that the company will report sales of $1.49 billion, with estimates ranging from $1.47 billion to $1.51 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Kforce.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Wednesday, October 31st. The business services provider reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.02). The company had revenue of $355.45 million for the quarter, compared to analyst estimates of $356.89 million. Kforce had a return on equity of 36.45% and a net margin of 3.40%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS.

KFRC has been the topic of a number of recent research reports. BidaskClub cut Kforce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research upgraded Kforce from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Saturday, August 4th. Robert W. Baird reiterated a “buy” rating and issued a $45.00 price target on shares of Kforce in a research note on Thursday, August 2nd. ValuEngine cut Kforce from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. Finally, SunTrust Banks boosted their price target on Kforce to $44.00 and gave the stock a “hold” rating in a research note on Thursday, August 2nd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $41.40.

In related news, CFO David M. Kelly sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $32.66, for a total value of $65,320.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John Allred sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $42.95, for a total value of $42,950.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 91,071 shares of company stock worth $3,727,333. Insiders own 13.30% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. raised its stake in Kforce by 207.9% during the second quarter. Meeder Asset Management Inc. now owns 5,567 shares of the business services provider’s stock valued at $191,000 after buying an additional 3,759 shares in the last quarter. Zebra Capital Management LLC acquired a new stake in Kforce during the second quarter valued at approximately $217,000. OLD National Bancorp IN acquired a new stake in Kforce during the second quarter valued at approximately $222,000. Baird Financial Group Inc. acquired a new stake in Kforce during the second quarter valued at approximately $226,000. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Kforce during the second quarter valued at approximately $252,000. Hedge funds and other institutional investors own 79.34% of the company’s stock.

Shares of KFRC traded down $0.90 during midday trading on Wednesday, reaching $31.32. 138,483 shares of the company were exchanged, compared to its average volume of 185,082. The stock has a market cap of $863.54 million, a PE ratio of 19.95 and a beta of 1.73. Kforce has a 1-year low of $23.80 and a 1-year high of $43.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.66 and a quick ratio of 2.66.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Friday, December 7th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Thursday, December 6th. Kforce’s dividend payout ratio (DPR) is 45.86%.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

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Earnings History and Estimates for Kforce (NASDAQ:KFRC)

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