Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Kforce (KFRC) Share Price

News stories about Kforce (NASDAQ:KFRC) have been trending somewhat positive on Saturday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Kforce earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 47.8789905636206 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

KFRC has been the topic of several research reports. ValuEngine cut Kforce from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub cut Kforce from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research cut Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. TheStreet cut Kforce from a “b-” rating to a “c+” rating in a research note on Wednesday, May 31st. Finally, Deutsche Bank AG cut their price objective on Kforce from $25.00 to $22.00 and set a “hold” rating on the stock in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $25.25.

Shares of Kforce (KFRC) traded up 1.14% during mid-day trading on Friday, reaching $17.70. The company’s stock had a trading volume of 124,074 shares. The stock has a market capitalization of $447.63 million, a P/E ratio of 12.90 and a beta of 1.54. The company has a 50 day moving average price of $18.74 and a 200 day moving average price of $21.06. Kforce has a 12 month low of $15.95 and a 12 month high of $26.95.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings results on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $340.31 million for the quarter, compared to the consensus estimate of $345.24 million. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.41 EPS. On average, equities research analysts anticipate that Kforce will post $1.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Shareholders of record on Friday, September 8th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Thursday, September 7th. Kforce’s dividend payout ratio is 35.04%.

In other news, CEO David L. Dunkel sold 8,000 shares of Kforce stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $18.32, for a total value of $146,560.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.30% of the stock is owned by company insiders.

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About Kforce

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.