Korn Ferry (KFY) Expected to Announce Earnings of $0.70 Per Share

Equities analysts forecast that Korn Ferry (NYSE:KFY) will post $0.70 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Korn Ferry’s earnings, with estimates ranging from $0.68 to $0.71. Korn Ferry posted earnings of $0.62 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The business is scheduled to issue its next quarterly earnings report on Tuesday, June 19th.

On average, analysts expect that Korn Ferry will report full year earnings of $2.63 per share for the current fiscal year, with EPS estimates ranging from $2.61 to $2.65. For the next fiscal year, analysts anticipate that the firm will report earnings of $3.05 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Korn Ferry.

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Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Tuesday, March 6th. The business services provider reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.12. Korn Ferry had a net margin of 6.83% and a return on equity of 12.72%. The firm had revenue of $447.60 million for the quarter, compared to analysts’ expectations of $414.54 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis.

A number of equities research analysts have recently commented on KFY shares. Goldman Sachs started coverage on shares of Korn Ferry in a report on Tuesday, March 27th. They set a “buy” rating on the stock. ValuEngine upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Finally, Zacks Investment Research upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a report on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $43.80.

In related news, Director Debra J. Perry sold 19,480 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $50.21, for a total value of $978,090.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Debra J. Perry sold 5,520 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $51.00, for a total transaction of $281,520.00. Following the completion of the sale, the director now owns 26,452 shares in the company, valued at approximately $1,349,052. The disclosure for this sale can be found here. Company insiders own 1.01% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Swiss National Bank raised its position in Korn Ferry by 3.0% in the fourth quarter. Swiss National Bank now owns 93,500 shares of the business services provider’s stock worth $3,869,000 after acquiring an additional 2,700 shares during the period. Assenagon Asset Management S.A. bought a new position in Korn Ferry in the fourth quarter worth approximately $7,904,000. Allianz Asset Management GmbH raised its position in Korn Ferry by 6.8% in the fourth quarter. Allianz Asset Management GmbH now owns 999,970 shares of the business services provider’s stock worth $41,379,000 after acquiring an additional 63,849 shares during the period. Dimensional Fund Advisors LP raised its position in Korn Ferry by 2.3% in the third quarter. Dimensional Fund Advisors LP now owns 4,678,945 shares of the business services provider’s stock worth $184,492,000 after acquiring an additional 102,976 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in Korn Ferry by 1.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 348,934 shares of the business services provider’s stock worth $14,439,000 after acquiring an additional 4,939 shares during the period. Institutional investors own 88.61% of the company’s stock.

Shares of NYSE:KFY traded down $0.29 during trading on Monday, reaching $50.91. 340,051 shares of the stock traded hands, compared to its average volume of 412,842. Korn Ferry has a 52-week low of $30.27 and a 52-week high of $52.79. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.18. The stock has a market cap of $2,893.46, a price-to-earnings ratio of 22.74 and a beta of 1.20.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, March 26th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.79%. The ex-dividend date is Friday, March 23rd. Korn Ferry’s dividend payout ratio is currently 17.86%.

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Korn Ferry Company Profile

Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive recruitment services that are used 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 consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit industries.

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

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