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

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Brokerages expect Korn Ferry (NYSE:KFY) to announce earnings per share of $0.70 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Korn Ferry’s earnings. The highest EPS estimate is $0.71 and the lowest is $0.68. Korn Ferry reported earnings of $0.62 per share in the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The firm is scheduled to report its next quarterly earnings results on Tuesday, June 19th.

On average, analysts expect that Korn Ferry will report full year earnings of $2.63 per share for the current year, with EPS estimates ranging from $2.61 to $2.65. For the next financial year, analysts anticipate that the business will post earnings of $3.05 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Korn Ferry.

Korn Ferry (NYSE:KFY) last posted its quarterly earnings data 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. The business had revenue of $447.60 million during the quarter, compared to analysts’ expectations of $414.54 million. Korn Ferry had a return on equity of 12.72% and a net margin of 6.83%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share.

A number of analysts have recently issued reports on the company. ValuEngine raised Korn Ferry from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Friday, March 9th. Finally, Goldman Sachs Group assumed coverage on Korn Ferry in a research note on Tuesday, March 27th. They issued a “buy” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $43.80.

Shares of NYSE:KFY opened at $54.68 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $3.08 billion, a PE ratio of 24.41 and a beta of 1.22. Korn Ferry has a 1 year low of $31.53 and a 1 year high of $56.18.

In other news, Director Debra J. Perry sold 19,480 shares of Korn Ferry stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $50.21, for a total value of $978,090.80. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Angel R. Martinez purchased 2,000 shares of the stock in a transaction dated Friday, March 23rd. The stock was purchased at an average cost of $50.30 per share, for a total transaction of $100,600.00. Following the completion of the purchase, the director now directly owns 5,030 shares of the company’s stock, valued at $253,009. The disclosure for this purchase can be found here. Insiders own 1.01% of the company’s stock.

Several large investors have recently modified their holdings of KFY. Hennessy Advisors Inc. acquired a new position in Korn Ferry during the fourth quarter worth $30,340,000. Ceredex Value Advisors LLC acquired a new position in Korn Ferry during the first quarter worth $29,031,000. BlackRock Inc. boosted its stake in Korn Ferry by 8.0% during the first quarter. BlackRock Inc. now owns 7,457,202 shares of the business services provider’s stock worth $384,717,000 after buying an additional 553,410 shares during the last quarter. Hood River Capital Management LLC acquired a new position in Korn Ferry during the fourth quarter worth $17,988,000. Finally, Clark Capital Management Group Inc. boosted its stake in Korn Ferry by 558.6% during the fourth quarter. Clark Capital Management Group Inc. now owns 362,058 shares of the business services provider’s stock worth $14,982,000 after buying an additional 307,086 shares during the last quarter. 90.15% of the stock is currently owned by hedge funds and other institutional investors.

About Korn Ferry

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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