Kforce Inc. (NASDAQ:KFRC) Expected to Post Q4 2024 Earnings of $0.72 Per Share

Kforce Inc. (NASDAQ:KFRC) – Analysts at William Blair lowered their Q4 2024 earnings per share estimates for Kforce in a research report issued to clients and investors on Tuesday, April 30th. William Blair analyst T. Mulrooney now expects that the business services provider will post earnings per share of $0.72 for the quarter, down from their previous estimate of $0.86. The consensus estimate for Kforce’s current full-year earnings is $2.82 per share. William Blair also issued estimates for Kforce’s Q1 2025 earnings at $0.62 EPS.

Kforce (NASDAQ:KFRC) last released its quarterly earnings results on Monday, April 29th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.58. Kforce had a return on equity of 35.83% and a net margin of 3.78%. The firm had revenue of $351.89 million for the quarter, compared to analyst estimates of $354.92 million. During the same quarter last year, the company posted $0.82 earnings per share. The business’s revenue was down 13.3% on a year-over-year basis.

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

Kforce Price Performance

Shares of KFRC opened at $64.00 on Thursday. Kforce has a twelve month low of $50.89 and a twelve month high of $74.79. The stock’s 50 day moving average is $67.73 and its two-hundred day moving average is $66.49. The firm has a market capitalization of $1.25 billion, a PE ratio of 22.15 and a beta of 0.88. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.26.

Kforce Announces Dividend

The business also recently disclosed 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 dividend yield of 2.38%. Kforce’s dividend payout ratio is currently 52.60%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its position in shares of Kforce by 1.4% during the 4th quarter. SummerHaven Investment Management LLC now owns 11,718 shares of the business services provider’s stock worth $792,000 after purchasing an additional 160 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of Kforce by 22.8% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,207 shares of the business services provider’s stock worth $72,000 after purchasing an additional 224 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Kforce by 3.4% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,822 shares of the business services provider’s stock worth $467,000 after purchasing an additional 255 shares during the last quarter. Oak Associates Ltd. OH raised its position in shares of Kforce by 2.3% during the 3rd quarter. Oak Associates Ltd. OH now owns 15,255 shares of the business services provider’s stock worth $910,000 after purchasing an additional 340 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its position in shares of Kforce by 420.9% during the 4th quarter. SRS Capital Advisors Inc. now owns 448 shares of the business services provider’s stock worth $30,000 after purchasing an additional 362 shares during the last quarter. 92.77% of the stock is currently owned by institutional investors and hedge funds.

Kforce Company Profile

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.