Equities Analysts Offer Predictions for Korn Ferry’s FY2023 Earnings (NYSE:KFY)

Korn Ferry (NYSE:KFY – Get Rating) – Investment analysts at William Blair boosted their FY2023 earnings per share (EPS) estimates for Korn Ferry in a research note issued on Thursday, March 9th. William Blair analyst T. Mulrooney now expects that the business services provider will earn $4.94 per share for the year, up from their previous forecast of $4.71. William Blair currently has a “Market Perform” rating on the stock. The consensus estimate for Korn Ferry’s current full-year earnings is $4.95 per share. William Blair also issued estimates for Korn Ferry’s Q1 2024 earnings at $1.02 EPS.

A number of other equities research analysts have also issued reports on KFY. The Goldman Sachs Group cut their target price on Korn Ferry from $72.00 to $62.00 and set a “buy” rating on the stock in a research report on Monday, December 12th. Truist Financial cut their target price on Korn Ferry from $75.00 to $65.00 in a research report on Friday, December 9th. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a research report on Thursday, December 29th. Finally, Robert W. Baird dropped their price objective on shares of Korn Ferry from $64.00 to $61.00 in a research note on Friday, December 9th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $62.67.

Korn Ferry Trading Down 3.2 %

Shares of Korn Ferry stock opened at $54.77 on Monday. The business has a fifty day simple moving average of $54.86 and a 200-day simple moving average of $53.85. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 11.55 and a beta of 1.46. The company has a quick ratio of 1.96, a current ratio of 1.88 and a debt-to-equity ratio of 0.25. Korn Ferry has a fifty-two week low of $46.47 and a fifty-two week high of $69.02.

Korn Ferry (NYSE:KFY – Get Rating) last announced its quarterly earnings data on Wednesday, March 8th. The business services provider reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The business had revenue of $686.80 million during the quarter, compared to analyst estimates of $669.56 million. Korn Ferry had a return on equity of 19.22% and a net margin of 8.89%. The company’s revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.59 earnings per share.

Korn Ferry Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Tuesday, March 28th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.10%. Korn Ferry’s payout ratio is 12.66%.

Institutional Trading of Korn Ferry

Several hedge funds have recently added to or reduced their stakes in the business. Counterpoint Mutual Funds LLC boosted its stake in Korn Ferry by 9.0% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 2,403 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 198 shares during the period. SummerHaven Investment Management LLC lifted its position in shares of Korn Ferry by 1.5% in the 4th quarter. SummerHaven Investment Management LLC now owns 13,251 shares of the business services provider’s stock worth $671,000 after acquiring an additional 200 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Korn Ferry by 22.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,132 shares of the business services provider’s stock worth $57,000 after acquiring an additional 207 shares during the period. Captrust Financial Advisors lifted its position in shares of Korn Ferry by 4.0% in the 4th quarter. Captrust Financial Advisors now owns 5,521 shares of the business services provider’s stock worth $279,000 after acquiring an additional 214 shares during the period. Finally, Inspire Investing LLC lifted its position in shares of Korn Ferry by 4.9% in the 4th quarter. Inspire Investing LLC now owns 4,632 shares of the business services provider’s stock worth $234,000 after acquiring an additional 217 shares during the period. Institutional investors own 91.61% of the company’s stock.

About Korn Ferry

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Korn Ferry operates as a global organizational consulting firm, which engages in synchronizing its clients strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.