Analysts Expect Korn Ferry (NYSE:KFY) Will Announce Earnings of $1.57 Per Share

Wall Street analysts expect that Korn Ferry (NYSE:KFY – Get Rating) will announce earnings of $1.57 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Korn Ferry’s earnings. The highest EPS estimate is $1.57 and the lowest is $1.56. Korn Ferry posted earnings of $1.21 per share in the same quarter last year, which suggests a positive year over year growth rate of 29.8%. The business is scheduled to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Korn Ferry will report full-year earnings of $6.11 per share for the current fiscal year, with EPS estimates ranging from $6.05 to $6.16. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.78 per share, with EPS estimates ranging from $5.61 to $5.95. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Korn Ferry.

Korn Ferry (NYSE:KFY – Get Rating) last posted its earnings results on Wednesday, March 9th. The business services provider reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.11. The company had revenue of $685.00 million for the quarter, compared to analysts’ expectations of $650.42 million. Korn Ferry had a return on equity of 21.47% and a net margin of 12.16%. Korn Ferry’s quarterly revenue was up 43.3% on a year-over-year basis. During the same period last year, the firm earned $0.95 earnings per share.

KFY has been the topic of several recent analyst reports. Zacks Investment Research raised Korn Ferry from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Friday, March 11th. Robert W. Baird cut their price objective on Korn Ferry from $106.00 to $90.00 in a research report on Thursday, March 10th. Finally, StockNews.com assumed coverage on Korn Ferry in a research report on Thursday, March 31st. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Korn Ferry currently has a consensus rating of “Buy” and a consensus price target of $77.75.

Hedge funds have recently added to or reduced their stakes in the company. Truist Financial Corp lifted its holdings in shares of Korn Ferry by 6.3% during the first quarter. Truist Financial Corp now owns 10,030 shares of the business services provider’s stock valued at $651,000 after purchasing an additional 596 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Korn Ferry by 5.0% during the first quarter. Tributary Capital Management LLC now owns 269,760 shares of the business services provider’s stock valued at $17,518,000 after purchasing an additional 12,959 shares during the last quarter. Inspire Investing LLC purchased a new position in shares of Korn Ferry during the first quarter valued at approximately $236,000. Virginia Retirement Systems ET AL lifted its holdings in shares of Korn Ferry by 142.7% during the first quarter. Virginia Retirement Systems ET AL now owns 23,300 shares of the business services provider’s stock valued at $1,513,000 after purchasing an additional 13,700 shares during the last quarter. Finally, Diversified Trust Co lifted its holdings in shares of Korn Ferry by 70.4% during the first quarter. Diversified Trust Co now owns 14,086 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 5,818 shares during the last quarter. Hedge funds and other institutional investors own 95.94% of the company’s stock.

NYSE KFY opened at $64.82 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.96 and a quick ratio of 1.96. The stock has a market capitalization of $3.49 billion, a PE ratio of 11.79 and a beta of 1.50. Korn Ferry has a 1 year low of $59.52 and a 1 year high of $84.68. The business’s 50-day moving average is $65.05 and its 200 day moving average is $71.27.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Monday, March 28th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, March 25th. This represents a $0.48 annualized dividend and a yield of 0.74%. Korn Ferry’s payout ratio is 8.73%.

Korn Ferry Company Profile (Get Rating)

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and RPO (Recruitment Process Outsourcing) & Professional Search. 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 industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors.

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