Last $20.07 USD
Change Today +0.34 / 1.72%
Volume 106.7K
KFRC On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

kforce inc (KFRC) Snapshot

Open
$19.82
Previous Close
$19.73
Day High
$20.12
Day Low
$19.62
52 Week High
05/1/14 - $23.80
52 Week Low
09/6/13 - $16.24
Market Cap
657.1M
Average Volume 10 Days
164.5K
EPS TTM
$1.06
Shares Outstanding
32.7M
EX-Date
09/10/14
P/E TM
18.8x
Dividend
$0.40
Dividend Yield
1.49%
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 integrators. 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 in financial services organizations and government integrators. The GS segment offers technology, and finance and accounting 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. The company was founded in 1962 and is headquartered in Tampa, Florida.

2,600 Employees
Last Reported Date: 02/27/14
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 Unaudited Earnings Results for the Second Quarter Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter of 2014

Kforce Inc. announced unaudited earnings results for the second quarter ended June 30, 2014. Revenues for the quarter ended June 30, 2014 were $327.4 million compared to $305.3 million for the quarter ended March 31, 2014, an increase of 7.2%, and compared to $283.7 million for the quarter ended June 30, 2013, an increase of 15.4%. In the quarter ended June 30, 2014, the company reported net income of $10.7 million, or $0.33 per share, against net income of $6.2 million, or $0.19 per share, for the quarter ended March 31, 2014, an increase of 71.3% in net income and 73.7% in earnings per share. Net income and earnings per share for the second quarter of 2014 increased 54.0% and 57.1%, respectively, against net income of $6.9 million and $0.21 per share, for the second quarter of 2013. Adjusted EBITDA was $21.1 million, or $0.65 per share, for the second quarter of 2014 increased 54.3%, or 58.5% per share, from $13.7 million, or $0.41 per share, for the first quarter of 2014, and increased 43.2%, or 47.7% per share, from $14.8 million, or $0.44 per share, for the second quarter of 2013. Income from operations was $18.170 million against $11.882 million a year ago. Income before income taxes was $17.662 million against $11.677 million a year ago. Capital expenditures were $1.888 million against $2.992 million a year ago. Second quarter growth was driven by the strong growth rates in all of its businesses including Tech Flex and FA Flex, which had year-over-year increases of 17.7% and 13.4%, respectively. In addition, looking forward to the third quarter of 2014, the company expects revenues from continuing operations may be in the $308 million to $314 million range and earnings per share from continuing operations in the range of $0.26 to $0.29. Gross margin of approximately 31.1 to 31.4%, operating margin of approximately 4.6 to 5.0% and tax rate of approximately 39.1%.

Kforce Plans Acquisitions

Kforce Inc. (NasdaqGS:KFRC) plans to make acquisitions. Kforce entered into an agreement to sell Kforce Healthcare, Inc. for an aggregate purchase price of $119 million in cash. David L. Dunkel, Kforce Chairman and CEO said: "We remain committed to creating shareholder value and expect use of proceeds from this transaction to be consistent with our past strategies, including significant share repurchases, pay down of debt and potential acquisitions aligned with our core business lines."

John Simmons Joins the Board of Directors and Audit and Governance Committees of Kforce

On July 25, 2014, Kforce Inc. appointed N. John Simmons to its Board of Directors, effective immediately. He will stand for election to the Board along with the Company's other Class III Directors at the Company's annual meeting of stockholders next year. Mr. Simmons will serve on the Audit and Governance Committees, effective immediately. Mr. Simmons will participate in Kforce's standard director compensation arrangements applicable to directors who are not employees of the Company. Mr. Simmons has served on various Boards of Directors, including Bonds.com Group Inc. from 2013 to 2014, Loyola University New Orleans as Chairman of the Audit Committee, Executive Committee and Board of Trustees member since 2009, Technology Research Corporation as Chairman of the Compensation Committee from 2010 to 2011 and as Lead Director and Chairman of the Governance & Nominating Committee from 2009 to 2010, Medquist Inc. as Chairman of the Audit Committee from 2005 to 2007, and SRI Surgical Express Inc. as Lead Director, then Chairman of the Board from 2001 to 2008. From 2001 to 2012, Mr. Simmons was a Board member of Lifestyle Family Fitness Inc. and served as its CEO and President from 2008 to 2012. From 2004 until 2006, Mr. Simmons was the President of New Homes Realty, a Florida-based residential real estate company operating in 35 states. From 1998 until 2012, he was President of Quantum Capital Partners, a privately held venture capital firm. From 1995 to 1998, he was Vice President and Controller for Eckerd Corporation. From 1993 to 1995, he served as Chief Financial Officer of Checkers Drive-In Restaurants. Between 1985 and 1993, Mr. Simmons was an audit partner with KPMG Peat Marwick, serving a number of privately and publicly held companies in the Tampa Bay area.

 

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Industry Analysis

KFRC

Industry Average

Valuation KFRC Industry Range
Price/Earnings 37.5x
Price/Sales 0.5x
Price/Book 4.3x
Price/Cash Flow 23.9x
TEV/Sales 0.5x
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