Analysts expect that Kforce (NASDAQ:KFRC) will report $345.37 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kforce’s earnings. The lowest sales estimate is $345.03 million and the highest is $345.97 million. Kforce posted sales of $333.99 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The firm is scheduled to issue its next earnings results after the market closes on Tuesday, May 1st.
On average, analysts expect that Kforce will report full-year sales of $1.41 billion for the current fiscal year, with estimates ranging from $1.40 billion to $1.42 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.48 billion per share, with estimates ranging from $1.45 billion to $1.49 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Kforce.
Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. Kforce had a return on equity of 29.84% and a net margin of 2.45%. The company had revenue of $342.60 million for the quarter, compared to the consensus estimate of $340.02 million. During the same quarter last year, the business posted $0.36 earnings per share. The firm’s revenue was up 5.1% compared to the same quarter last year.
KFRC opened at $28.30 on Tuesday. The firm has a market capitalization of $745.80, a P/E ratio of 18.03 and a beta of 1.53. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.89. Kforce has a 52 week low of $16.75 and a 52 week high of $29.70.
In related news, CEO David L. Dunkel sold 8,400 shares of the firm’s stock in a transaction that occurred on Wednesday, April 18th. The shares were sold at an average price of $29.58, for a total transaction of $248,472.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David L. Dunkel sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $29.01, for a total transaction of $290,100.00. The disclosure for this sale can be found here. Insiders have sold 54,307 shares of company stock valued at $1,487,680 over the last quarter. Company insiders own 12.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. MetLife Investment Advisors LLC bought a new position in Kforce during the 4th quarter valued at about $320,000. Macquarie Group Ltd. grew its holdings in Kforce by 11.6% during the 4th quarter. Macquarie Group Ltd. now owns 1,549,201 shares of the business services provider’s stock valued at $39,117,000 after purchasing an additional 161,498 shares during the last quarter. Millennium Management LLC grew its holdings in Kforce by 27.5% during the 4th quarter. Millennium Management LLC now owns 310,255 shares of the business services provider’s stock valued at $7,834,000 after purchasing an additional 66,858 shares during the last quarter. Teachers Advisors LLC grew its holdings in Kforce by 3.0% during the 4th quarter. Teachers Advisors LLC now owns 133,814 shares of the business services provider’s stock valued at $3,379,000 after purchasing an additional 3,872 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in Kforce during the 4th quarter valued at about $1,049,000. 80.13% of the stock is owned by institutional investors.
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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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