Korn Ferry (KFY) Updates Q4 2019 Earnings Guidance

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Korn Ferry (NYSE:KFY) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.85-0.93 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.89. The company issued revenue guidance of $485-505 million, compared to the consensus revenue estimate of $499.72 million.

Shares of NYSE:KFY traded down $0.45 during midday trading on Thursday, reaching $46.46. The company had a trading volume of 486,338 shares, compared to its average volume of 327,450. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.00 and a current ratio of 2.00. The company has a market cap of $2.71 billion, a P/E ratio of 17.08 and a beta of 1.31. Korn Ferry has a 1-year low of $37.38 and a 1-year high of $68.98.

Korn Ferry (NYSE:KFY) last released its earnings results on Thursday, December 6th. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.05. Korn Ferry had a return on equity of 15.01% and a net margin of 3.92%. The business had revenue of $495.20 million for the quarter, compared to the consensus estimate of $485.94 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. Korn Ferry’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, equities analysts predict that Korn Ferry will post 3.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Tuesday, March 26th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.86%. Korn Ferry’s payout ratio is currently 14.71%.

A number of equities analysts recently commented on KFY shares. ValuEngine cut Korn Ferry from a hold rating to a sell rating in a report on Friday, December 7th. Credit Suisse Group reduced their price target on Korn Ferry from $44.00 to $40.00 and set an underperform rating for the company in a report on Friday, December 7th. SunTrust Banks reduced their price target on Korn Ferry to $63.00 and set a buy rating for the company in a report on Friday, December 7th. TheStreet upgraded Korn Ferry from a c rating to a b rating in a report on Friday, December 7th. Finally, Zacks Investment Research cut Korn Ferry from a buy rating to a hold rating in a report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $58.25.

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About Korn Ferry

Korn/Ferry International engages in the provision of global organizational consulting firm. It operates through the following segments: Executive Search, Hay Group, Futurestep, and Corporate. The Executive Search segment helps clients attract and hire leaders who fit in with their organization, and make it stand out.

See Also: NASDAQ

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

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