Wall Street brokerages expect Korn Ferry (NYSE:KFY) to post sales of $454.43 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Korn Ferry’s earnings. The lowest sales estimate is $453.29 million and the highest is $455.30 million. Korn Ferry posted sales of $406.07 million in the same quarter last year, which would indicate a positive year over year growth rate of 11.9%. The firm is expected to announce its next quarterly earnings results on Tuesday, June 19th.
On average, analysts expect that Korn Ferry will report full-year sales of $454.43 million for the current year. For the next fiscal year, analysts forecast that the firm will report sales of $1.85 billion per share, with estimates ranging from $1.82 billion to $1.86 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Korn Ferry.
Korn Ferry (NYSE:KFY) last announced its earnings results on Tuesday, March 6th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.12. Korn Ferry had a net margin of 6.83% and a return on equity of 12.72%. The company had revenue of $447.60 million for the quarter, compared to the consensus estimate of $414.54 million. During the same period in the previous year, the business earned $0.53 EPS. The company’s revenue was up 17.2% on a year-over-year basis.
KFY has been the topic of several research analyst reports. ValuEngine upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Goldman Sachs initiated coverage on shares of Korn Ferry in a report on Tuesday, March 27th. They set a “buy” rating on the stock. Finally, Zacks Investment Research cut shares of Korn Ferry from a “buy” rating to a “hold” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $43.80.
Shares of Korn Ferry stock traded down $1.55 on Wednesday, hitting $51.20. 565,983 shares of the company traded hands, compared to its average volume of 530,006. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.18. Korn Ferry has a 12-month low of $29.93 and a 12-month high of $52.79. The stock has a market cap of $2,981.06, a P/E ratio of 22.86 and a beta of 1.21.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Monday, March 26th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, March 23rd. Korn Ferry’s dividend payout ratio is currently 17.86%.
In other news, Director Debra J. Perry sold 19,480 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $50.21, for a total transaction of $978,090.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Angel R. Martinez purchased 2,000 shares of the stock in a transaction dated Friday, March 23rd. The shares were bought at an average price of $50.30 per share, for a total transaction of $100,600.00. Following the completion of the acquisition, the director now owns 5,030 shares in the company, valued at $253,009. The disclosure for this purchase can be found here. Insiders own 1.01% of the company’s stock.
A number of large investors have recently modified their holdings of KFY. Advisors Preferred LLC bought a new stake in Korn Ferry in the fourth quarter worth $159,000. LS Investment Advisors LLC boosted its holdings in Korn Ferry by 138.0% in the fourth quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock worth $193,000 after purchasing an additional 2,701 shares in the last quarter. CAPROCK Group Inc. bought a new stake in Korn Ferry in the fourth quarter worth $208,000. Shelton Capital Management bought a new stake in Korn Ferry in the third quarter worth $218,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Korn Ferry in the fourth quarter worth $237,000. Hedge funds and other institutional investors own 88.61% of the company’s stock.
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Korn Ferry Company Profile
Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive recruitment services that are used to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit industries.
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