Kforce (KFRC) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Kforce (KFRC) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.24 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.25. The company posted revenue of $322.20 million in the period, compared to analysts expectations of $324.50 million. The company’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Kforce opened for trading at $19.04 and hit $19.11 on the upside on Monday, eventually ending the session at $19.05, with a gain of 0.21% or 0.04 points. The heightened volatility saw the trading volume jump to 1,26,776 shares. Company has a market cap of $540 M.

In a different news, on Jan 22, 2016, Ralph Struzziero (director) sold 5,000 shares at $21.44 per share price. According to the SEC, on Nov 24, 2015, Michael R Blackman (Chief Corporate Dev. Officer) sold 7,500 shares at $28.09 per share price. On Nov 24, 2015, Kye L. Mitchell (Chief Operations Officer) sold 2,549 shares at $28.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Kforce Inc. (Kforce) is engaged in providing professional and technical specialty staffing services and solutions. The Company operates in three segments: Technology Finance and Accounting and Government Solutions. The Company operates the Technology segment through its wholly owned subsidiary Kforce Global Solutions Inc. The Technology segment offers temporary staffing and permanent placement services primarily in the areas of IT. The Finance and Accounting segment provides temporary staffing and permanent placement services in the areas of general accounting and related areas. The Government Solutions segment offers technology and finance and accounting professionals to the Federal Government. The Company offers various Staffing Services that consist of temporary staffing services (Flex) and permanent placement services (Search).


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