Kforce (NASDAQ:KFRC) Releases Q3 Earnings Guidance

Kforce (NASDAQ:KFRC) updated its third quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.65-0.73 for the period, compared to the consensus estimate of $0.79. The company issued revenue guidance of $347-355 million, compared to the consensus revenue estimate of $363.59 million. Kforce also updated its Q3 2024 guidance to 0.650-0.730 EPS.

Analysts Set New Price Targets

Separately, Robert W. Baird cut their price target on shares of Kforce from $72.00 to $71.00 and set an outperform rating for the company in a report on Tuesday, April 30th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kforce currently has a consensus rating of Hold and a consensus price target of $68.00.

Kforce Price Performance

Kforce stock traded down $0.81 during mid-day trading on Monday, reaching $67.60. The company had a trading volume of 77,706 shares, compared to its average volume of 97,720. Kforce has a 1 year low of $53.75 and a 1 year high of $74.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.32 and a quick ratio of 2.32. The company has a market capitalization of $1.32 billion, a P/E ratio of 23.62 and a beta of 0.89. The stock’s 50-day simple moving average is $62.67 and its 200-day simple moving average is $65.74.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Monday, April 29th. The business services provider reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. Kforce had a net margin of 3.78% and a return on equity of 36.39%. The business had revenue of $351.89 million during the quarter, compared to analysts’ expectations of $354.92 million. During the same period last year, the company posted $0.82 EPS. The company’s revenue was down 13.3% on a year-over-year basis. On average, equities analysts predict that Kforce will post 2.82 EPS for the current year.

Insider Transactions at Kforce

In other news, CEO Joseph J. Liberatore sold 6,638 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $62.02, for a total transaction of $411,688.76. Following the completion of the transaction, the chief executive officer now directly owns 213,689 shares of the company’s stock, valued at approximately $13,252,991.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Mark F. Furlong sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $61.70, for a total transaction of $308,500.00. Following the sale, the director now owns 26,297 shares in the company, valued at $1,622,524.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joseph J. Liberatore sold 6,638 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $62.02, for a total transaction of $411,688.76. Following the sale, the chief executive officer now owns 213,689 shares in the company, valued at approximately $13,252,991.78. The disclosure for this sale can be found here. Insiders sold a total of 16,439 shares of company stock valued at $1,015,114 in the last ninety days. Corporate insiders own 5.50% of the company’s stock.

Kforce Company Profile

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.