Korn/Ferry International (NYSE:KFY) to Buyback $331.40 million in Outstanding Shares

Korn/Ferry International (NYSE:KFY) declared that its Board of Directors has authorized a share buyback program on Thursday, September 18th, RTT News reports. The company plans to buyback $331.40 million in shares. This buyback authorization authorizes the business services provider to buy up to 8.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Korn/Ferry International Stock Performance

Shares of Korn/Ferry International stock opened at $73.47 on Friday. The company has a market capitalization of $3.85 billion, a PE ratio of 15.60 and a beta of 1.49. The company has a 50-day simple moving average of $73.06 and a two-hundred day simple moving average of $69.20. Korn/Ferry International has a one year low of $59.23 and a one year high of $80.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.21 and a current ratio of 2.21.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Tuesday, September 9th. The business services provider reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.07. The firm had revenue of $708.61 million for the quarter, compared to the consensus estimate of $688.72 million. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. Research analysts expect that Korn/Ferry International will post 4.75 EPS for the current fiscal year.

Korn/Ferry International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.6%. The ex-dividend date is Friday, September 26th. Korn/Ferry International’s payout ratio is 40.76%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial boosted their price target on shares of Korn/Ferry International from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, June 20th. Wall Street Zen cut shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, July 9th. Finally, UBS Group lowered their target price on shares of Korn/Ferry International from $75.00 to $74.00 and set a “neutral” rating for the company in a report on Tuesday, May 27th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

Korn/Ferry International Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.