Kforce Stock Price, News & Analysis

Kforce Inc. (Nasdaq: KFRC) reported a 5.3% increase in fourth-quarter revenue to $354.0 million compared to $336.2 million in Q4 2019. The company experienced a 26.0% rise in Finance and Accounting (FA) Flex revenue, bolstered by COVID-19 business. However, gross profit margin decreased by 80 basis points. Income from continuing operations rose 25.2% to $18.3 million, or $0.86 per share. For 2021, Kforce expects revenue between $1.368 billion and $1.430 billion, with earnings per share projected at $2.68 to $3.00. A 15% dividend increase to $0.23 per share was announced, payable on March 26, 2021.

Kforce Inc. (NASDAQ: KFRC) has updated its expected fourth quarter results, projecting revenues and earnings per share to surpass its previous guidance of $347 million and $0.78, respectively, due to stronger-than-expected consultant assignment growth. CEO David L Dunkel noted robust demand for technology staffing as businesses adapt to new challenges. The technology segment grew nearly 6% sequentially and resumed year-over-year growth of nearly 1%. The fourth quarter earnings call is scheduled for February 8, 2021, to discuss these results and future expectations.

Kforce Inc. (Nasdaq: KFRC) reported third-quarter 2020 revenues of $365.4 million, up 6.5% sequentially and 5.7% year-over-year. Tech Flex revenue fell 4.2% year-over-year, while FA Flex surged 51.6% annually, driven by $51.1 million in COVID-19-related business. Operating margin increased to 7.3%, with income from continuing operations at $18.8 million ($0.89 per share). The company also announced a fourth-quarter cash dividend of $0.20 per share. Looking ahead, Q4 revenue is expected between $337 million and $347 million.

Kforce Inc. (NASDAQ: KFRC) will release its third quarter financial results on November 2, 2020, after market close. A conference call to discuss the results is scheduled for 5:00 p.m. ET, accessible via dial-in or webcast. A replay of the call will be available until November 9, 2020. Additionally, Kforce management will participate in the J.P. Morgan 2020 Ultimate Services Investor Conference on November 19, 2020. The company specializes in professional staffing solutions within Technology and Finance, supporting over 3,000 clients, including many Fortune 500 companies.

Kforce Inc. (NASDAQ: KFRC) announced participation in the Sidoti 2020 Virtual Investor Conference on September 23-24, 2020. The live webcast is scheduled for September 24, 2020, at 3:15 PM. Interested parties can access the webcast via Kforce's website in the Investor Relations section. Kforce specializes in staffing services in Technology and Finance, connecting over 30,000 professionals with more than 4,000 clients including many Fortune 500 companies.

Kforce Inc. (Nasdaq: KFRC) reported Q2 2020 revenue of $343.0 million, up 1.2% from Q2 2019. Flex revenue increased 3.4% to $336.4 million, with FA Flex revenue up 28.7% to $84.5 million, driven partly by COVID-19 initiatives. However, Tech Flex revenue fell 3.0% to $251.9 million, while Direct Hire revenue plunged 51.1% to $6.6 million. Operating margin dropped to 4.5%, and net income decreased to $9.9 million, or $0.47 per share. Kforce plans a Q3 cash dividend of $0.20 per share.

Kforce Inc. (NASDAQ: KFRC) will announce its second quarter results on August 10, 2020, after market close. A conference call will follow at 5:00 p.m. ET for discussion, accessible via dial-in at (877) 344-3890 with passcode Kforce. A replay will be available until August 17, 2020, at (855) 859-2056, passcode 9977937. Kforce specializes in professional staffing solutions in Technology and Finance & Accounting, connecting 36,000 professionals with over 4,000 clients, including 70% of the Fortune 100.

Kforce Inc. (NASDAQ: KFRC) updated its revenue trends ahead of the Baird’s 2020 Virtual Global Consumer Conference. The company revealed that Technology Flex and FA Flex revenues fell by approximately 2% and 22% year-over-year, respectively. However, Kforce anticipates that its revenues and earnings per share will surpass analyst estimates for Q2 2020. CEO David Dunkel noted the stabilization of their technology business, while CFO David Kelly emphasized significant government project wins during the pandemic, projecting revenues between $20 million and $30 million for these engagements.

Kforce Inc. (NASDAQ: KFRC) will participate in two virtual conferences: Baird's 2020 Global Consumer, Technology & Services Conference on June 3 and Stifel’s 2020 Cross Sector Insight Conference on June 9. Both events will feature a live webcast accessible via Kforce's Investor Relations section on their website. Kforce specializes in staffing services in Technology and Finance, servicing over 4,000 clients, including 70% of the Fortune 100. The firm emphasizes partnerships and knowledge sharing for success.