$0.89 Earnings Per Share Expected for Korn Ferry (KFY) This Quarter

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

Earnings History and Estimates for Korn Ferry (NYSE:KFY)

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.