Kforce, Inc. (NASDAQ:KFRC) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.22-0.24 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.22. The company issued revenue guidance of $330-335 million, compared to the consensus revenue estimate of $327.01 million.
Kforce, Inc. (NASDAQ:KFRC) traded down 3.83% during midday trading on Tuesday, hitting $21.35. The stock had a trading volume of 194,804 shares. Kforce, Inc. has a 12-month low of $14.86 and a 12-month high of $24.55. The company’s 50-day moving average price is $22.88 and its 200 day moving average price is $20.30. The stock has a market cap of $549.66 million, a P/E ratio of 16.10 and a beta of 1.52.
Kforce (NASDAQ:KFRC) last released its quarterly earnings data on Tuesday, February 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm earned $326 million during the quarter, compared to analysts’ expectations of $327.25 million. Kforce had a return on equity of 31.27% and a net margin of 2.68%. The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 earnings per share. On average, equities research analysts predict that Kforce, Inc. will post $1.40 earnings per share for the current fiscal year.
KFRC has been the subject of a number of research reports. Deutsche Bank AG set a $19.00 price objective on Kforce and gave the company a hold rating in a research report on Tuesday, October 18th. Zacks Investment Research cut Kforce from a hold rating to a sell rating in a research report on Monday, October 24th. Finally, Avondale Partners cut Kforce from an outperform rating to a market perform rating and lifted their price objective for the company from $23.00 to $26.00 in a research report on Monday, December 19th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $23.00.
In other news, Director Elaine Rosen sold 7,600 shares of Kforce stock in a transaction dated Monday, December 12th. The stock was sold at an average price of $23.68, for a total value of $179,968.00. Following the transaction, the director now directly owns 23,886 shares in the company, valued at $565,620.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Peter M. Alonso sold 9,702 shares of Kforce stock in a transaction dated Tuesday, December 20th. The stock was sold at an average price of $23.26, for a total value of $225,668.52. The disclosure for this sale can be found here. Insiders sold 28,447 shares of company stock valued at $655,491 in the last ninety days. Insiders own 12.80% of the company’s stock.
Kforce Inc is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), which provides both temporary staffing and permanent placement services to its clients, focusing primarily on areas of information technology, such as systems/applications, e-commerce, technology infrastructure, network architecture and security; Finance and Accounting (FA), which is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others, and Government Solutions (GS), which is engaged in providing services and solutions to the Federal Government as both a prime contractor and a subcontractor in the fields of information technology, and finance and accounting.