Q2 2024 Earnings Estimate for Kforce Inc. Issued By William Blair (NASDAQ:KFRC)

Kforce Inc. (NASDAQ:KFRC) – Investment analysts at William Blair decreased their Q2 2024 earnings estimates for shares of Kforce in a research note issued to investors on Tuesday, April 30th. William Blair analyst T. Mulrooney now anticipates that the business services provider will earn $0.72 per share for the quarter, down from their prior forecast of $0.85. The consensus estimate for Kforce’s current full-year earnings is $3.02 per share. William Blair also issued estimates for Kforce’s Q3 2024 earnings at $0.74 EPS, FY2024 earnings at $2.76 EPS, Q2 2025 earnings at $0.85 EPS, Q3 2025 earnings at $0.91 EPS, Q4 2025 earnings at $0.91 EPS and FY2025 earnings at $3.29 EPS.

Kforce (NASDAQ:KFRC) last issued 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 return on equity of 35.83% and a net margin of 3.78%. The business had revenue of $351.89 million during the quarter, compared to analyst estimates of $354.92 million. During the same period in the previous year, the firm earned $0.82 EPS. Kforce’s quarterly revenue was down 13.3% compared to the same quarter last year.

Other analysts have also issued reports about the company. StockNews.com lowered Kforce from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Robert W. Baird cut their target price on Kforce from $72.00 to $71.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Truist Financial raised their price target on shares of Kforce from $57.00 to $70.00 and gave the stock a “hold” rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Kforce currently has an average rating of “Hold” and a consensus target price of $68.00.

Kforce Trading Up 1.7 %

Shares of NASDAQ:KFRC opened at $62.78 on Wednesday. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 21.72 and a beta of 0.85. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.26. Kforce has a 12 month low of $50.89 and a 12 month high of $74.79. The company’s fifty day simple moving average is $67.88 and its 200 day simple moving average is $66.48.

Kforce Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.52 annualized dividend and a yield of 2.42%. Kforce’s dividend payout ratio (DPR) is presently 52.60%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its holdings in shares of Kforce by 4.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,240 shares of the business services provider’s stock valued at $2,274,000 after purchasing an additional 1,331 shares during the period. BNP Paribas Financial Markets raised its stake in Kforce by 10.9% in the first quarter. BNP Paribas Financial Markets now owns 17,077 shares of the business services provider’s stock valued at $1,204,000 after buying an additional 1,675 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Kforce by 34.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,327 shares of the business services provider’s stock valued at $1,013,000 after buying an additional 3,918 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its position in shares of Kforce by 487.7% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 670 shares of the business services provider’s stock valued at $47,000 after buying an additional 556 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Kforce by 357.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 9,932 shares of the business services provider’s stock worth $700,000 after acquiring an additional 7,760 shares during the period. 92.77% of the stock is currently owned by institutional investors.

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.