Kforce (KFRC) Issues Q1 Earnings Guidance

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Kforce (NASDAQ:KFRC) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.40-0.42 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.44. The company issued revenue guidance of $351-356 million, compared to the consensus revenue estimate of $356.13 million.Kforce also updated its Q1 2019 guidance to $0.40-0.42 EPS.

KFRC has been the topic of a number of research reports. BidaskClub lowered Kforce from a buy rating to a hold rating in a research report on Wednesday, January 30th. ValuEngine downgraded Kforce from a buy rating to a hold rating in a research note on Thursday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $41.40.

Kforce stock opened at $33.37 on Wednesday. The firm has a market cap of $865.89 million, a P/E ratio of 21.25 and a beta of 1.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.66 and a quick ratio of 2.66. Kforce has a one year low of $23.80 and a one year high of $43.51.

Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Wednesday, February 6th. The business services provider reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.57 by $0.08. Kforce had a return on equity of 36.45% and a net margin of 3.40%. The firm had revenue of $358.00 million during the quarter, compared to analyst estimates of $352.21 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts anticipate that Kforce will post 2.21 earnings per share for the current year.

In related news, Director Ralph Struzziero sold 2,500 shares of Kforce stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $27.95, for a total value of $69,875.00. Following the sale, the director now directly owns 29,571 shares in the company, valued at approximately $826,509.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Michael R. Blackman sold 6,326 shares of the business’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $31.21, for a total value of $197,434.46. The disclosure for this sale can be found here. Insiders have sold a total of 81,463 shares of company stock worth $2,589,151 over the last 90 days. 12.50% of the stock is currently owned by company insiders.

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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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