Korn Ferry (NYSE:KFY) Expected to Post Earnings of $1.57 Per Share

Wall Street analysts expect that Korn Ferry (NYSE:KFYGet Rating) will post earnings of $1.57 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Korn Ferry’s earnings, with the highest EPS estimate coming in at $1.57 and the lowest estimate coming in at $1.56. Korn Ferry posted earnings per share of $1.21 in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.8%. The business is scheduled to issue its next quarterly 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 financial year, with EPS estimates ranging from $6.05 to $6.16. For the next financial year, analysts forecast that the company will post earnings of $5.78 per share, with EPS estimates ranging from $5.61 to $5.95. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Korn Ferry.

Korn Ferry (NYSE:KFYGet Rating) last announced its earnings results on Wednesday, March 9th. The business services provider reported $1.59 EPS for the quarter, topping the 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%. The business’s revenue for the quarter was up 43.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 earnings per share.

Several brokerages have recently commented on KFY. Zacks Investment Research cut Korn Ferry from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Robert W. Baird decreased their price target on Korn Ferry from $106.00 to $90.00 in a report on Thursday, March 10th. Finally, StockNews.com upgraded Korn Ferry from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 12th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $77.75.

Shares of KFY stock opened at $59.04 on Friday. The stock’s fifty day moving average is $63.86 and its 200-day moving average is $69.70. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.96 and a current ratio of 1.96. The stock has a market capitalization of $3.18 billion, a PE ratio of 10.73 and a beta of 1.44. Korn Ferry has a 52 week low of $56.60 and a 52 week high of $84.68.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Shareholders of record on Monday, March 28th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend was Friday, March 25th. Korn Ferry’s dividend payout ratio (DPR) is currently 8.73%.

A number of institutional investors and hedge funds have recently modified their holdings of the business. CIBC Asset Management Inc boosted its holdings in Korn Ferry by 3.3% during the third quarter. CIBC Asset Management Inc now owns 4,589 shares of the business services provider’s stock worth $332,000 after buying an additional 147 shares during the last quarter. O Shaughnessy Asset Management LLC raised its position in shares of Korn Ferry by 30.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 686 shares of the business services provider’s stock worth $50,000 after purchasing an additional 159 shares during the period. Leuthold Group LLC raised its position in shares of Korn Ferry by 0.3% during the third quarter. Leuthold Group LLC now owns 56,844 shares of the business services provider’s stock worth $4,113,000 after purchasing an additional 177 shares during the period. Russell Investments Group Ltd. raised its position in shares of Korn Ferry by 0.4% during the first quarter. Russell Investments Group Ltd. now owns 51,185 shares of the business services provider’s stock worth $3,339,000 after purchasing an additional 180 shares during the period. Finally, M&T Bank Corp raised its position in shares of Korn Ferry by 3.2% during the first quarter. M&T Bank Corp now owns 5,810 shares of the business services provider’s stock worth $377,000 after purchasing an additional 181 shares during the period. Hedge funds and other institutional investors own 95.75% of the company’s stock.

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

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