Kforce Inc. (NASDAQ:KFRC) is now trading -24.09% off 52-week high price. On the other end, the stock has been noted 57.14% away from the low price over the last 52-weeks. The stock changed -4.26% to recent value of $32.37. The stock transacted 114094 shares during most recent day however it has an average volume of 156.16K shares. The company has 20.79M of outstanding shares and 19.18M shares were floated in the market.
On Sept. 21, 2020, Kforce Inc. (NASDAQ:KFRC) provided an update to its expected third quarter results ahead of its scheduled presentation at the Sidoti 2020 Virtual Investor Conference on September 24, 2020. Based on its positive trends in the third quarter, Kforce now expects revenues and earnings per share to exceed the top end of its previously notified guidance of $362 million in revenues and earnings of $0.82 per share.
David L Dunkel, Chief Executive Officer, commented, Our results in the second quarter and expected results for the third quarter have demonstrated a remarkable level of resiliency, especially the performance of our technology business. We believe this is a testament to the strategic positioning of our Firm over the last several years to capitalize on the longer-term secular drivers of demand in technology. Our position as a 100% domestically focused organization with approximately 80% of our business focused on providing higher-end technology staffing and solutions to world class companies gives us great confidence moving forward. We will continue to prioritize allocating capital to this portion of our business with a goal of capturing a greater market share post pandemic.
Its earnings per share (EPS) expected to touch remained 13.90% for this year while earning per share for the next 5-years is expected to reach at 15.00%. KFRC has a gross margin of 28.90% and an operating margin of 5.20% while its profit margin remained 3.50% for the last 12 months.
According to the most recent quarter its current ratio was 2.8 that represents company’s ability to meet its current financial obligations. The price moved ahead of -6.59% from the mean of 20 days, -0.21% from mean of 50 days SMA and performed 0.47% from mean of 200 days price. Company’s performance for the week was -5.13%, -11.05% for month and YTD performance remained -18.46%.