Kforce (NASDAQ:KFRC) Releases Q4 2024 Earnings Guidance

Kforce (NASDAQ:KFRC) issued an update on its fourth quarter 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 0.560-0.640 for the period, compared to the consensus earnings per share estimate of 0.670. The company issued revenue guidance of $337.0 million-$345.0 million, compared to the consensus revenue estimate of $345.1 million.

Analysts Set New Price Targets

Several research firms recently commented on KFRC. Truist Financial cut their price objective on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a report on Tuesday. Sidoti raised shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 target price on the stock in a report on Tuesday, October 15th. Finally, StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Kforce presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.75.

Kforce Price Performance

Shares of NASDAQ KFRC traded down $0.47 during mid-day trading on Thursday, reaching $57.93. 92,550 shares of the company were exchanged, compared to its average volume of 112,261. The stock has a market capitalization of $1.12 billion, a PE ratio of 19.88 and a beta of 0.87. The company’s 50 day moving average price is $60.24 and its 200 day moving average price is $62.33. Kforce has a 52 week low of $52.96 and a 52 week high of $74.79. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The firm had revenue of $353.30 million for the quarter, compared to the consensus estimate of $352.19 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Sell-side analysts forecast that Kforce will post 2.7 earnings per share for the current fiscal year.

Kforce Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.52 dividend on an annualized basis and a yield of 2.62%. Kforce’s dividend payout ratio is currently 52.41%.

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.