Equities research analysts forecast that Korn Ferry (NYSE:KFY – Get Rating) will report $1.57 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. 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 per share of $1.21 during the same quarter last year, which would suggest a positive year-over-year growth rate of 29.8%. The business is expected 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 year, with EPS estimates ranging from $6.05 to $6.16. For the next year, analysts expect that the company will post earnings of $5.78 per share, with EPS estimates ranging from $5.61 to $5.95. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Korn Ferry.
Korn Ferry (NYSE:KFY – Get Rating) last released its quarterly 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 firm had revenue of $685.00 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS.
A number of institutional investors have recently bought and sold shares of the business. Verition Fund Management LLC grew its stake in Korn Ferry by 5.1% during the 1st quarter. Verition Fund Management LLC now owns 15,399 shares of the business services provider’s stock valued at $1,000,000 after purchasing an additional 742 shares during the last quarter. Van Hulzen Asset Management LLC grew its stake in Korn Ferry by 15.9% during the 1st quarter. Van Hulzen Asset Management LLC now owns 5,238 shares of the business services provider’s stock valued at $340,000 after purchasing an additional 719 shares during the last quarter. Advisors Asset Management Inc. grew its stake in Korn Ferry by 55.2% during the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 336 shares during the last quarter. Kiwi Wealth Investments Limited Partnership grew its stake in Korn Ferry by 158.9% during the 1st quarter. Kiwi Wealth Investments Limited Partnership now owns 23,289 shares of the business services provider’s stock valued at $1,512,000 after purchasing an additional 14,293 shares during the last quarter. Finally, Point72 Hong Kong Ltd grew its stake in Korn Ferry by 14.8% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,629 shares of the business services provider’s stock valued at $171,000 after purchasing an additional 338 shares during the last quarter. Institutional investors and hedge funds own 95.75% of the company’s stock.
Shares of KFY traded down $0.80 during trading hours on Friday, hitting $61.68. The company had a trading volume of 170,472 shares, compared to its average volume of 254,553. The company has a market capitalization of $3.32 billion, a PE ratio of 11.21 and a beta of 1.44. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.26. Korn Ferry has a one year low of $55.88 and a one year high of $84.68. The company’s fifty day moving average price is $62.66 and its two-hundred day moving average price is $67.79.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Monday, March 28th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, March 25th. Korn Ferry’s dividend payout ratio is currently 8.73%.
About Korn Ferry (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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