Kforce Inc. (KFRC) To Go Ex-Dividend on December 6th

Kforce Inc. (NASDAQ:KFRC) announced a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Investors of record on Friday, December 6th will be paid a dividend of 0.38 per share by the business services provider on Friday, December 20th. This represents a $1.52 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, December 6th.

Kforce has a dividend payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kforce to earn $2.90 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 52.4%.

Kforce Trading Down 1.0 %

NASDAQ:KFRC opened at $57.79 on Friday. The stock’s 50-day moving average is $60.24 and its two-hundred day moving average is $62.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.33 and a quick ratio of 2.33. The stock has a market cap of $1.12 billion, a PE ratio of 20.14 and a beta of 0.87. Kforce has a fifty-two week low of $52.96 and a fifty-two week high of $74.79.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, October 28th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06. Kforce had a net margin of 3.86% and a return on equity of 33.70%. The firm had revenue of $353.30 million for the quarter, compared to the consensus estimate of $352.19 million. During the same period in the previous year, the firm posted $0.90 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. As a group, equities research analysts forecast that Kforce will post 2.68 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on KFRC. StockNews.com downgraded Kforce from a “buy” rating to a “hold” rating in a report on Thursday. Sidoti upgraded Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price target on the stock in a report on Tuesday, October 15th. Finally, Truist Financial reduced their price objective on shares of Kforce from $68.00 to $58.00 and set a “hold” rating for the company in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $65.75.

About Kforce

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.