Last $23.52 USD
Change Today -0.32 / -1.34%
Volume 55.9K
KFRC On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 11:36 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

kforce inc (KFRC) Snapshot

Open
$23.68
Previous Close
$23.84
Day High
$23.75
Day Low
$23.43
52 Week High
02/11/15 - $24.99
52 Week Low
08/5/14 - $17.20
Market Cap
695.1M
Average Volume 10 Days
175.6K
EPS TTM
$1.08
Shares Outstanding
29.5M
EX-Date
03/11/15
P/E TM
21.8x
Dividend
$0.44
Dividend Yield
1.74%
Current Stock Chart for KFORCE INC (KFRC)

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kforce inc (KFRC) Details

Kforce Inc. provides professional and technical specialty staffing services and solutions in the United States and internationally. The company operates through Technology (Tech), Finance and Accounting (FA), and Government Solutions (GS) segments. The Tech segment offers temporary staffing and permanent placement services primarily in the areas of information technology, such as systems/applications programmers and developers, senior-level project managers, systems analysts, enterprise data management, and e-business and networking technicians. This segment serves clients in various industries, primarily in healthcare, financial services, and government sectors. The FA segment provides temporary staffing and permanent placement services in the areas of general accounting, business analysis, accounts payable, accounts receivable, financial analysis and reporting, taxation, budget preparation and analysis, mortgage and loan processing, cost analysis professional administrative, credit and collections, audit services, and systems and controls analysis and documentation. This segment serves clients in various industries, primarily healthcare, financial services, and government sectors. The GS segment offers Tech and FA professionals to the Federal Government; and integrated business solutions in the areas of information technology, healthcare informatics, data and knowledge management, research and development, financial management and accounting, and others. Kforce Inc. was founded in 1962 and is headquartered in Tampa, Florida.

2,600 Employees
Last Reported Date: 02/27/15
Founded in 1962

kforce inc (KFRC) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $1.9M
President
Total Annual Compensation: $1.2M
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $600.0K
Chief Operations Officer for West Region
Total Annual Compensation: $576.8K
Chief Operations Officer of the East Region
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

kforce inc (KFRC) Key Developments

Kforce Inc. Announces Retirement of W.R. Carey from the Board

On February 24, 2015, W.R. Carey, Jr. informed Kforce Inc. of his decision to retire from the Board of Directors and therefore not to stand for re-election at the firm's upcoming annual meeting to be held on April 21, 2015.

Kforce Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015

Kforce Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $318.739 million compared to $282.061 million a year ago. Income from operations was $14.755 million compared to loss from operations of $13.801 million a year ago. Income from continuing operations before income taxes was $14.388 million compared to loss from continuing operations before income taxes of $14.131 million a year ago. Net income was $8.945 million or $0.30 per diluted share compared to net loss of $8.234 million or $0.25 per diluted share a year ago. Adjusted EBITDA was $18.194 million or $0.62 per share compared to $4.808 million or $0.15 per share a year ago. Capital expenditure was $1.496 million compared to $1.824 million a year ago. Adjusted net income from continuing operations was $9.061 million or $0.31 per share compared to $7.452 million or $0.23 per share a year ago. Bank debt at the end of the quarter was $93.3 million as compared to $12.7 million at the end of third quarter. The increase in debt was driven by the repurchase of 1.9 million shares in fourth quarter for $42.4 million and $38 million in federal income tax payments related to the August sale of HIM business. For the year, the company reported total revenue of $1,217.331 million compared to $1,073.728 million a year ago. Income from operations was $49.349 million compared to $12.076 million a year ago. Income from operations was $49.349 million compared to $12.076 million a year ago. Income from continuing operations before income taxes was $47.957 million compared to $10.929 million a year ago. Income from continuing operations was $29.398 million compared to $5.294 million a year ago. Net income was $90.915 million or $2.87 per diluted share compared to net loss of $10.787 million or $0.32 per diluted share a year ago. Adjusted EBITDA was $62.216 million or $1.96 per share compared to $39.052 million or $1.16 per share a year ago. Capital expenditure was $6.414 million compared to $9.824 million a year ago. Adjusted net income from continuing operations was $30.881 million or $0.97 per share compared to $22.661 million or $0.67 per share a year ago. For the first quarter of 2015, the company expects revenue to be in the $312 million to $317 million range and for earnings per share from continuing operations to be between $0.17 and $0.19. Gross margins on continuing operations are expected in First Quarter to be between 29.9% and 30.1%. SG&A as a percentage of revenue is expected to be between 26.3% and 26.6%. Operating margins are expected to be between 2.7% and 3%. Effective tax rate is expected to be 39.8%. The company anticipates first quarter revenue to be down slightly on a billing-day basis due to typical falloff in headcount at the beginning of each year and an elevation in conversions in fourth quarter, which reduced the baseline of flex headcount going into the beginning of the year. Flex revenues to be down slightly on a billing-day basis due to end-of-year recovery and year-over-year growth remaining near 20%.

Kforce Inc. Announces Cash Quarterly Dividend, Payable on March 27, 2015

Kforce Inc. announced that its Board of Directors has declared a quarterly cash dividend on Kforce common stock of $0.11 per share. The cash dividend will be payable March 27, 2015 to shareholders of record as of the close of business on March 13, 2015.

 

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Industry Analysis

KFRC

Industry Average

Valuation KFRC Industry Range
Price/Earnings 25.4x
Price/Sales 0.6x
Price/Book 4.8x
Price/Cash Flow 7.2x
TEV/Sales 0.5x
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