Korn/Ferry International (NYSE:KFY) posted its earnings results on Thursday. The business services provider reported $0.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05, Briefing.com reports. The company had revenue of $495.20 million for the quarter, compared to analyst estimates of $485.94 million. Korn/Ferry International had a return on equity of 14.26% and a net margin of 3.51%. Korn/Ferry International’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Korn/Ferry International updated its Q3 guidance to $0.77-0.85 EPS.
Korn/Ferry International stock opened at $45.23 on Thursday. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 16.63 and a beta of 1.18. Korn/Ferry International has a fifty-two week low of $38.53 and a fifty-two week high of $68.98.
KFY has been the topic of several research reports. TheStreet lowered Korn/Ferry International from an “a-” rating to a “c+” rating in a report on Friday, September 7th. ValuEngine lowered Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. Zacks Investment Research lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Finally, Credit Suisse Group initiated coverage on Korn/Ferry International in a report on Friday, August 10th. They issued an “underperform” rating and a $55.00 target price on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Korn/Ferry International presently has an average rating of “Hold” and a consensus price target of $61.40.
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About Korn/Ferry International
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 search services 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 market sectors.
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