Brokerages expect Korn Ferry (NYSE:KFY) to post $495.20 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Korn Ferry’s earnings. The highest sales estimate is $495.42 million and the lowest is $495.08 million. Korn Ferry reported sales of $475.36 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.2%. The firm is scheduled to announce its next earnings results on Wednesday, June 12th.
On average, analysts expect that Korn Ferry will report full year sales of $1.93 billion for the current year. For the next year, analysts expect that the firm will report sales of $2.03 billion, with estimates ranging from $2.02 billion to $2.04 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Korn Ferry.
Korn Ferry (NYSE:KFY) last posted its earnings results on Thursday, March 7th. The business services provider reported $0.81 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.81. The company had revenue of $474.50 million for 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 business earned $0.70 earnings per share.
KFY has been the subject of a number of recent research reports. ValuEngine lowered shares of Korn Ferry from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. William Blair restated an “outperform” rating on shares of Korn Ferry in a report on Friday, March 8th. Finally, Zacks Investment Research lowered shares of Korn Ferry from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.25.
Shares of NYSE KFY traded down $0.15 during trading on Friday, hitting $47.34. The company had a trading volume of 402 shares, compared to its average volume of 234,855. The stock has a market capitalization of $2.68 billion, a P/E ratio of 17.44 and a beta of 1.29. Korn Ferry has a 52 week low of $37.38 and a 52 week high of $68.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.09 and a current ratio of 2.09.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, March 25th. Korn Ferry’s dividend payout ratio (DPR) is 14.71%.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Korn Ferry by 6.6% during the 3rd quarter. Vanguard Group Inc. now owns 5,881,865 shares of the business services provider’s stock valued at $289,622,000 after acquiring an additional 364,435 shares during the period. Vanguard Group Inc raised its position 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 period. Bank of New York Mellon Corp raised its position in Korn Ferry by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 1,474,428 shares of the business services provider’s stock valued at $72,600,000 after purchasing an additional 47,219 shares during the period. Jennison Associates LLC increased its position in shares of Korn Ferry by 6.4% during the fourth quarter. Jennison Associates LLC now owns 1,166,508 shares of the business services provider’s stock worth $46,124,000 after acquiring an additional 70,210 shares during the last quarter. Finally, Prudential Financial Inc. increased its position in shares of Korn Ferry by 199.5% during the fourth quarter. Prudential Financial Inc. now owns 874,328 shares of the business services provider’s stock worth $34,571,000 after acquiring an additional 582,378 shares during the last quarter. Institutional investors own 91.04% of the company’s stock.
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.
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