Wall Street brokerages expect Korn Ferry (NYSE:KFY) to report earnings per share of $0.89 for the current quarter, according to Zacks. Three analysts have issued estimates for Korn Ferry’s earnings. Korn Ferry reported earnings per share of $0.80 in the same quarter last year, which would suggest a positive year over year growth rate of 11.3%. The company is scheduled to issue its next earnings report on Wednesday, June 12th.
On average, analysts expect that Korn Ferry will report full year earnings of $3.34 per share for the current financial year, with EPS estimates ranging from $3.32 to $3.36. For the next financial year, analysts expect that the firm will report earnings of $3.64 per share, with EPS estimates ranging from $3.61 to $3.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Korn Ferry.
Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, March 7th. The business services provider reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. The company had revenue of $474.50 million during the quarter, compared to the consensus estimate of $481.98 million. Korn Ferry had a return on equity of 15.42% and a net margin of 4.77%. During the same quarter in the previous year, the company posted $0.70 earnings per share.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Korn Ferry from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. TheStreet upgraded Korn Ferry from a “c” rating to a “b” rating in a report on Friday, December 7th. William Blair reiterated an “outperform” rating on shares of Korn Ferry in a report on Friday, March 8th. ValuEngine upgraded Korn Ferry from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, SunTrust Banks dropped their price objective on Korn Ferry to $63.00 and set a “buy” rating for the company in a report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $58.25.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KFY. Norges Bank bought a new stake in Korn Ferry in the fourth quarter valued at about $28,769,000. Man Group plc increased its holdings in Korn Ferry by 158.4% in the third quarter. Man Group plc now owns 1,107,007 shares of the business services provider’s stock valued at $54,509,000 after purchasing an additional 678,667 shares during the last quarter. Prudential Financial Inc. increased its holdings in Korn Ferry by 199.5% in the fourth quarter. Prudential Financial Inc. now owns 874,328 shares of the business services provider’s stock valued at $34,571,000 after purchasing an additional 582,378 shares during the last quarter. BlackRock Inc. increased its holdings in Korn Ferry by 4.5% in the third quarter. BlackRock Inc. now owns 8,581,024 shares of the business services provider’s stock valued at $422,529,000 after purchasing an additional 372,742 shares during the last quarter. Finally, Vanguard Group Inc increased its holdings in Korn Ferry by 6.6% in the third quarter. Vanguard Group Inc now owns 5,881,865 shares of the business services provider’s stock valued at $289,622,000 after purchasing an additional 364,435 shares during the last quarter. Institutional investors and hedge funds own 90.02% of the company’s stock.
Shares of KFY stock traded down $1.02 on Wednesday, reaching $46.30. 217,682 shares of the stock were exchanged, compared to its average volume of 328,018. The company has a market cap of $2.69 billion, a P/E ratio of 17.02 and a beta of 1.31. Korn Ferry has a one year low of $37.38 and a one year high of $68.98. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.18.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 26th will be issued a $0.10 dividend. The ex-dividend date is Monday, March 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.86%. Korn Ferry’s dividend payout ratio is presently 14.71%.
Korn Ferry Company Profile
Korn/Ferry International engages in the provision of global organizational consulting firm. It operates through the following segments: Executive Search, Hay Group, Futurestep, and Corporate. The Executive Search segment helps clients attract and hire leaders who fit in with their organization, and make it stand out.
Further Reading: Why is a lock-up period needed for an IPO?
Get a free copy of the Zacks research report on Korn Ferry (KFY)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Korn Ferry Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn Ferry and related companies with MarketBeat.com's FREE daily email newsletter.