Korn Ferry (NYSE:KFY) posted its earnings results on Thursday. The business services provider reported $0.88 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.88, Briefing.com reports. The firm had revenue of $490.76 million during the quarter, compared to analyst estimates of $496.76 million. Korn Ferry had a net margin of 5.20% and a return on equity of 15.88%. Korn Ferry’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.80 EPS. Korn Ferry updated its Q1 2020 guidance to $0.73-0.81 EPS and its Q1 guidance to $0.73-0.81 EPS.
KFY stock opened at $40.05 on Friday. Korn Ferry has a 52 week low of $37.08 and a 52 week high of $68.98. The stock has a market cap of $2.74 billion, a price-to-earnings ratio of 14.61 and a beta of 1.29. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.00%. Korn Ferry’s dividend payout ratio (DPR) is 12.08%.
A number of research firms have issued reports on KFY. William Blair reissued an “outperform” rating on shares of Korn Ferry in a research note on Friday, March 8th. ValuEngine downgraded shares of Korn Ferry from a “hold” rating to a “sell” rating in a research report on Friday, March 29th. Zacks Investment Research downgraded shares of Korn Ferry from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Finally, SunTrust Banks dropped their price target on shares of Korn Ferry to $58.00 and set a “buy” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.33.
About Korn Ferry
Korn Ferry, 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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