Kforce, Inc. (NASDAQ:KFRC) declared a quarterly dividend on Wednesday, November 1st, Wall Street Journal reports. Stockholders of record on Friday, December 8th will be given a dividend of 0.12 per share by the business services provider on Friday, December 22nd. This represents a $0.48 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Thursday, December 7th.
Kforce (KFRC) opened at $25.95 on Wednesday. The firm has a market cap of $686.83, a price-to-earnings ratio of 17.53 and a beta of 1.67. Kforce has a 1-year low of $16.75 and a 1-year high of $26.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.95 and a quick ratio of 2.95.
Kforce (NASDAQ:KFRC) last released its earnings results on Tuesday, October 31st. The business services provider reported $0.45 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.45. The business had revenue of $341.05 million for the quarter, compared to analysts’ expectations of $340.67 million. Kforce had a return on equity of 28.83% and a net margin of 2.71%. The firm’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. research analysts expect that Kforce will post 1.5 EPS for the current year.
In other news, CEO David L. Dunkel sold 17,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $23.90, for a total transaction of $406,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kye L. Mitchell sold 2,550 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $24.35, for a total transaction of $62,092.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,250 shares of company stock valued at $1,070,388. 13.30% of the stock is currently owned by company insiders.
A number of research analysts recently commented on KFRC shares. Zacks Investment Research raised Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Robert W. Baird restated a “buy” rating and set a $20.00 price target on shares of Kforce in a research report on Tuesday, September 12th. ValuEngine lowered shares of Kforce from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. SunTrust Banks lowered shares of Kforce from a “buy” rating to a “hold” rating and cut their price target for the company from $23.00 to $22.00 in a research report on Wednesday, October 11th. Finally, Northcoast Research upgraded shares of Kforce from a “neutral” rating to a “buy” rating in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $24.20.
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Kforce Company Profile
Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.
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