Kforce Inc. (NASDAQ:KFRC) Declares $0.38 Quarterly Dividend

Kforce Inc. (NASDAQ:KFRC) declared a quarterly dividend on Monday, July 29th, Wall Street Journal reports. Shareholders of record on Friday, September 13th will be paid a dividend of 0.38 per share by the business services provider on Friday, September 27th. This represents a $1.52 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date is Friday, September 13th.

Kforce has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kforce to earn $3.13 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 48.6%.

Kforce Price Performance

NASDAQ:KFRC opened at $62.10 on Thursday. Kforce has a 52-week low of $55.55 and a 52-week high of $74.79. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $64.71 and its 200 day moving average price is $65.04. The firm has a market cap of $1.20 billion, a P/E ratio of 21.49 and a beta of 0.88.

Kforce (NASDAQ:KFRC) last announced its quarterly earnings data on Monday, July 29th. The business services provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.02. The company had revenue of $356.32 million during the quarter, compared to the consensus estimate of $356.20 million. Kforce had a return on equity of 34.89% and a net margin of 3.56%. The company’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.95 EPS. As a group, sell-side analysts predict that Kforce will post 2.7 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $68.00.

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.