Kforce (KFRC) Receiving Somewhat Positive Media Coverage, Analysis Finds

Media stories about Kforce (NASDAQ:KFRC) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Kforce earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news headlines about the business services provider an impact score of 44.918357023859 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

Shares of Kforce (NASDAQ:KFRC) traded up 2.20% on Monday, hitting $18.55. The stock had a trading volume of 43,212 shares. Kforce has a 52 week low of $15.95 and a 52 week high of $26.95. The company has a market capitalization of $469.13 million, a price-to-earnings ratio of 13.52 and a beta of 1.56. The company has a 50-day moving average of $18.04 and a 200 day moving average of $20.21.

Kforce (NASDAQ:KFRC) last issued its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.44 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.02). The company had revenue of $340.31 million during the quarter, compared to analysts’ expectations of $345.24 million. Kforce had a return on equity of 29.67% and a net margin of 2.64%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. On average, equities research analysts predict that Kforce will post $1.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 7th. Kforce’s dividend payout ratio (DPR) is presently 35.04%.

A number of research analysts have weighed in on KFRC shares. ValuEngine downgraded Kforce from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub downgraded Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research downgraded Kforce from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Deutsche Bank AG decreased their price target on Kforce from $25.00 to $22.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd. Finally, TheStreet downgraded Kforce from a “b-” rating to a “c+” rating in a research note on Wednesday, May 31st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $24.20.

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In other news, COO Kye L. Mitchell sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $17.99, for a total value of $89,950.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.30% of the company’s stock.

About Kforce

Kforce Inc (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates through three segments, which include Technology (Tech), Finance and Accounting (FA) and Government Solutions (GS). The Company’s Tech segment includes the operations of its subsidiary Kforce Global Solutions, Inc The FA segment is engaged in providing both temporary staffing and permanent placement services to its clients in areas, such as general accounting, business analysis and others.

Insider Buying and Selling by Quarter for Kforce (NASDAQ:KFRC)

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