Kforce Inc., a professional staffing services provider in the United States, has recently garnered a consensus recommendation of “Hold” from four research firms covering the stock, according to a report by Marketbeat. Among the analysts, three have rated the stock as a hold, while one has assigned a buy recommendation to the company. The average twelve-month price target among brokers who have covered the stock in the last year stands at $68.00.
In a separate report, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating on Thursday, August 1st.
Kforce opened at $62.44 on Friday, with a 50-day moving average price of $64.88 and a 200-day moving average price of $64.60. The company has a market capitalization of $1.22 billion, a P/E ratio of 21.61, and a beta of 0.88. It has a quick ratio and current ratio of 2.33, with a debt-to-equity ratio of 0.22. The stock has traded between a 52-week low of $55.55 and a 52-week high of $74.79.
In its most recent quarterly earnings report released on July 29th, Kforce reported earnings per share (EPS) of $0.75, surpassing the consensus estimate of $0.73 by $0.02. The company generated revenue of $356.32 million during the quarter, slightly exceeding the consensus estimate of $356.20 million. Kforce’s net margin stood at 3.56%, with a return on equity of 34.89%. However, the business experienced an 8.4% decline in revenue compared to the same quarter last year when it posted $0.95 earnings per share.
Equities analysts anticipate that Kforce will post 2.7 EPS for the current fiscal year.
Furthermore, Kforce recently announced a quarterly dividend, with a payment date set for Friday, September 27th. Shareholders of record on Friday, September 13th will receive a dividend of $0.38 per share. This represents an annualized dividend of $1.52 and a yield of 2.43%. The current dividend payout ratio for Kforce is 52.60%.
Kforce Inc., operating through its Technology and Finance and Accounting (FA) segments, provides professional staffing services and solutions in the United States. The Technology segment offers talent solutions primarily in the field of information technology, including systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.