Wall Street analysts forecast that Korn Ferry (NYSE:KFY) will report earnings per share (EPS) of $0.80 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Korn Ferry’s earnings, with the lowest EPS estimate coming in at $0.79 and the highest estimate coming in at $0.81. Korn Ferry reported earnings per share of $0.85 in the same quarter last year, which suggests a negative year over year growth rate of 5.9%. The business is expected to issue its next earnings results on Thursday, December 5th.
On average, analysts expect that Korn Ferry will report full year earnings of $3.25 per share for the current fiscal year, with EPS estimates ranging from $3.11 to $3.39. For the next financial year, analysts anticipate that the business will post earnings of $3.58 per share, with EPS estimates ranging from $3.50 to $3.69. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Korn Ferry.
Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Thursday, September 5th. The business services provider reported $0.76 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.01). Korn Ferry had a return on equity of 15.26% and a net margin of 9.25%. The firm had revenue of $484.50 million for the quarter, compared to analysts’ expectations of $475.35 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. The company’s quarterly revenue was up 4.1% on a year-over-year basis.
KFY has been the topic of several analyst reports. SunTrust Banks reduced their price objective on Korn Ferry to $58.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Zacks Investment Research cut Korn Ferry from a “hold” rating to a “sell” rating in a research note on Tuesday, September 10th. Sidoti reduced their price objective on Korn Ferry from $72.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. ValuEngine upgraded Korn Ferry from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Credit Suisse Group reduced their price objective on Korn Ferry from $40.00 to $37.00 and set an “underperform” rating on the stock in a research note on Friday, September 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $50.00.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. raised its stake in shares of Korn Ferry by 30.2% in the third quarter. Pacer Advisors Inc. now owns 22,557 shares of the business services provider’s stock valued at $872,000 after acquiring an additional 5,231 shares in the last quarter. Skyline Asset Management LP raised its stake in Korn Ferry by 0.3% in the third quarter. Skyline Asset Management LP now owns 116,900 shares of the business services provider’s stock valued at $4,517,000 after buying an additional 400 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Korn Ferry by 123.9% in the third quarter. State of Alaska Department of Revenue now owns 43,004 shares of the business services provider’s stock valued at $1,661,000 after buying an additional 23,798 shares in the last quarter. BlackRock Inc. raised its stake in Korn Ferry by 0.9% in the second quarter. BlackRock Inc. now owns 8,688,818 shares of the business services provider’s stock valued at $348,161,000 after buying an additional 74,062 shares in the last quarter. Finally, Verition Fund Management LLC raised its stake in Korn Ferry by 7.7% in the second quarter. Verition Fund Management LLC now owns 14,277 shares of the business services provider’s stock valued at $572,000 after buying an additional 1,018 shares in the last quarter. Institutional investors and hedge funds own 91.17% of the company’s stock.
KFY opened at $36.30 on Friday. The firm has a market cap of $1.97 billion, a P/E ratio of 10.97 and a beta of 1.11. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.34. Korn Ferry has a 52 week low of $34.35 and a 52 week high of $49.54. The business has a fifty day simple moving average of $37.67 and a 200-day simple moving average of $41.79.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Thursday, September 26th. Korn Ferry’s payout ratio is currently 12.08%.
Korn Ferry Company Profile
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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