Kforce Inc. Announces Quarterly Dividend of $0.18 (NASDAQ:KFRC)

Kforce Inc. (NASDAQ:KFRC) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, December 6th will be paid a dividend of 0.18 per share by the business services provider on Friday, December 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Thursday, December 5th.

NASDAQ KFRC opened at $39.53 on Tuesday. The business has a fifty day moving average price of $39.57 and a 200 day moving average price of $36.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 2.87 and a current ratio of 2.87. The company has a market cap of $898.89 million, a P/E ratio of 16.67 and a beta of 1.20. Kforce has a one year low of $27.95 and a one year high of $42.64.

Kforce (NASDAQ:KFRC) last announced its earnings results on Wednesday, October 30th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.01. Kforce had a net margin of 9.71% and a return on equity of 30.85%. The company had revenue of $345.60 million for the quarter, compared to analysts’ expectations of $340.32 million. During the same quarter in the previous year, the company posted $0.64 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Kforce will post 2.38 EPS for the current fiscal year.

Several equities analysts have recently weighed in on the stock. BidaskClub downgraded shares of Kforce from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. William Blair restated an “outperform” rating on shares of Kforce in a research report on Friday, September 20th.

In other Kforce news, President Joseph J. Liberatore sold 8,001 shares of the company’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $40.91, for a total value of $327,320.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman David M. Kelly sold 19,985 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $439.23, for a total value of $8,778,011.55. Insiders sold a total of 45,524 shares of company stock worth $9,780,650 over the last three months. Corporate insiders own 11.80% of the company’s stock.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States and internationally. It operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment provides temporary staffing and permanent placement services to its clients primarily in the areas of information technology, such as systems/applications architecture and development, project management, enterprise data management, business intelligence, artificial intelligence, machine learning, network architecture, and security.

Featured Article: Yield Curve

Dividend History for Kforce (NASDAQ:KFRC)

Receive News & Ratings for Kforce Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kforce and related companies with MarketBeat.com's FREE daily email newsletter.