Kforce (NASDAQ:KFRC) Issues Quarterly Earnings Results

Kforce (NASDAQ:KFRC) posted its quarterly earnings results on Monday. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06, Briefing.com reports. The firm had revenue of $353.30 million for the quarter, compared to analysts’ expectations of $352.19 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.90 EPS. Kforce updated its Q4 2024 guidance to 0.560-0.640 EPS.

Kforce Stock Up 2.6 %

Kforce stock opened at $57.14 on Wednesday. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 21.24 and a beta of 0.87. The firm’s fifty day moving average price is $60.48 and its two-hundred day moving average price is $62.41. Kforce has a 1-year low of $52.96 and a 1-year high of $74.79. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.22.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KFRC. 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 research note on Tuesday, October 15th. Truist Financial reduced their target price on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday. Finally, StockNews.com raised Kforce from a “hold” rating to a “buy” rating in a research note 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. Based on data from MarketBeat, Kforce currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.75.

About Kforce

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.