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

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

Kforce Stock Up 2.1 %

Kforce stock opened at $55.68 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.22. Kforce has a 1-year low of $52.96 and a 1-year high of $74.79. The company has a fifty day simple moving average of $60.48 and a 200 day simple moving average of $62.41. The company has a market cap of $1.08 billion, a P/E ratio of 20.70 and a beta of 0.87.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. 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. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Kforce has an average rating of “Moderate Buy” and a consensus price target of $68.75.

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.