The Avondale Partners Comments on Kforce Inc.’s Q3 2016 Earnings (KFRC)

The Avondale Partners Comments on Kforce Inc.’s Q3 2016 Earnings (KFRC)

Kforce Inc. (NASDAQ:KFRC) – Investment analysts at Avondale Partners issued their Q3 2016 earnings per share (EPS) estimates for Kforce in a research note issued on Thursday. Avondale Partners analyst R. Reece expects that the firm will post earnings of $0.42 per share for the quarter.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Kforce had a net margin of 3.01% and a return on equity of 31.94%. The company had revenue of $335 million for the quarter, compared to analysts’ expectations of $334.91 million. During the same quarter in the previous year, the firm posted $0.41 earnings per share. Kforce’s revenue for the quarter was down .7% on a year-over-year basis.

Several other analysts have also recently issued reports on KFRC. Zacks Investment Research upgraded shares of Kforce from a “sell” rating to a “hold” rating in a research note on Wednesday, October 5th. Deutsche Bank AG began coverage on shares of Kforce in a research note on Wednesday, August 17th. They issued a “hold” rating and a $19.00 target price on the stock. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $21.00 target price on shares of Kforce in a research note on Wednesday, August 3rd.

10/10/avondale-partners-comments-on-kforce-inc-s-q3-2016-earnings-kfrc.html

Shares of Kforce (NASDAQ:KFRC) opened at 20.01 on Monday. Kforce has a 52 week low of $14.87 and a 52 week high of $28.84. The company has a market cap of $524.14 million, a PE ratio of 13.59 and a beta of 1.56. The company has a 50 day moving average of $19.42 and a 200 day moving average of $18.68.

Institutional investors have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC raised its position in Kforce by 50.9% in the first quarter. TIAA CREF Investment Management LLC now owns 198,918 shares of the company’s stock valued at $3,895,000 after buying an additional 67,084 shares in the last quarter. Teachers Advisors Inc. raised its position in Kforce by 20.7% in the first quarter. Teachers Advisors Inc. now owns 309,316 shares of the company’s stock valued at $6,056,000 after buying an additional 53,016 shares in the last quarter. Prudential Financial Inc. raised its position in Kforce by 57.9% in the first quarter. Prudential Financial Inc. now owns 172,880 shares of the company’s stock valued at $3,385,000 after buying an additional 63,425 shares in the last quarter. BlackRock Group LTD raised its position in Kforce by 7.4% in the first quarter. BlackRock Group LTD now owns 45,597 shares of the company’s stock valued at $892,000 after buying an additional 3,141 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new position in Kforce during the first quarter valued at approximately $104,000. 80.63% of the stock is currently owned by institutional investors.

In related news, President Joseph J. Liberatore sold 75,000 shares of the stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $18.19, for a total transaction of $1,364,250.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Kye L. Mitchell sold 3,732 shares of the stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $19.82, for a total transaction of $73,968.24. The disclosure for this sale can be found here. Insiders own 12.80% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 23rd. Stockholders of record on Friday, September 9th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Wednesday, September 7th. Kforce’s dividend payout ratio (DPR) is currently 32.88%.

About Kforce

Related posts

Leave a Comment