Kforce (NASDAQ:KFRC) Issues Earnings Results, Beats Expectations By $0.06 EPS

Kforce (NASDAQ:KFRC) announced its quarterly earnings data on Monday. The business services provider reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06, Briefing.com reports. The firm had revenue of $353.30 million during 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 quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.90 EPS. Kforce updated its Q4 2024 guidance to 0.560-0.640 EPS.

Kforce Trading Up 2.1 %

KFRC opened at $55.68 on Tuesday. The firm’s fifty day moving average is $60.48 and its two-hundred day moving average is $62.41. The firm has a market cap of $1.08 billion, a PE ratio of 20.70 and a beta of 0.87. Kforce has a twelve month low of $52.96 and a twelve month high of $74.79. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.33 and a current ratio of 2.33.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KFRC. StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Sidoti raised Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.75.

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.