William Blair Equities Analysts Reduce Earnings Estimates for Kforce Inc. (KFRC)

Kforce Inc. (NASDAQ:KFRC) – Investment analysts at William Blair dropped their FY2018 earnings per share (EPS) estimates for Kforce in a research note issued to investors on Wednesday, October 31st. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings per share of $2.21 for the year, down from their prior estimate of $2.22.

Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of Kforce from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, September 12th. Zacks Investment Research raised shares of Kforce from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Saturday, August 4th. Robert W. Baird reissued a “buy” rating and set a $45.00 target price on shares of Kforce in a research note on Thursday, August 2nd. ValuEngine cut shares of Kforce from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, SunTrust Banks raised their target price on shares of Kforce to $44.00 and gave the company a “hold” rating in a research note on Thursday, August 2nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Kforce presently has an average rating of “Hold” and a consensus price target of $41.40.

Kforce stock opened at $32.65 on Monday. The stock has a market cap of $852.98 million, a price-to-earnings ratio of 20.80 and a beta of 1.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.77 and a current ratio of 2.77. Kforce has a 52 week low of $23.00 and a 52 week high of $43.51.

Kforce (NASDAQ:KFRC) last released its earnings results on Wednesday, October 31st. The business services provider reported $0.64 EPS for the quarter, missing the Thomson Reuters’ 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 net margin of 3.40% and a return on equity of 38.03%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.45 EPS.

Large investors have recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its position in shares of Kforce by 207.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 5,567 shares of the business services provider’s stock valued at $191,000 after purchasing an additional 3,759 shares in the last quarter. Zebra Capital Management LLC bought a new position in shares of Kforce during the 2nd quarter valued at about $217,000. OLD National Bancorp IN bought a new position in shares of Kforce during the 2nd quarter valued at about $222,000. Baird Financial Group Inc. bought a new position in shares of Kforce during the 2nd quarter valued at about $226,000. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Kforce during the 2nd quarter valued at about $252,000. Institutional investors own 79.18% of the company’s stock.

In other news, Vice Chairman Howard W. Sutter sold 9,710 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $42.50, for a total transaction of $412,675.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John Allred sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $42.95, for a total transaction of $42,950.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,801 shares of company stock valued at $3,539,837. Insiders own 13.30% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, December 6th. This represents a $0.72 annualized dividend and a dividend yield of 2.21%. Kforce’s dividend payout ratio (DPR) is 45.86%.

Kforce Company Profile

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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