Kforce (NASDAQ:KFRC) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

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

Kforce Price Performance

NASDAQ:KFRC 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 company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. Kforce has a 12-month low of $52.96 and a 12-month high of $74.79. The stock’s 50 day moving average price is $60.48 and its two-hundred day moving average price is $62.41.

Analyst Ratings Changes

Several brokerages recently commented on KFRC. Truist Financial reduced their price target on Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research report on Tuesday. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.75.

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.