Analysts Anticipate Korn Ferry (KFY) Will Announce Earnings of $0.89 Per Share

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Brokerages predict that Korn Ferry (NYSE:KFY) will post earnings of $0.89 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Korn Ferry’s earnings. Korn Ferry posted earnings of $0.80 per share during the same quarter last year, which suggests a positive year over year growth rate of 11.3%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, June 12th.

According to Zacks, analysts expect that Korn Ferry will report full-year earnings of $3.34 per share for the current financial year, with EPS estimates ranging from $3.32 to $3.36. For the next fiscal year, analysts anticipate that the business will report earnings of $3.64 per share, with EPS estimates ranging from $3.61 to $3.68. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Korn Ferry.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Thursday, March 7th. The business services provider reported $0.81 earnings per share for the quarter, hitting the consensus estimate of $0.81. Korn Ferry had a return on equity of 15.42% and a net margin of 4.77%. The firm had revenue of $474.50 million for the quarter, compared to the consensus estimate of $481.98 million. During the same period in the prior year, the business posted $0.70 earnings per share.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Korn Ferry from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. ValuEngine downgraded Korn Ferry from a “hold” rating to a “sell” rating in a report on Friday, March 29th. Finally, William Blair reiterated an “outperform” rating on shares of Korn Ferry in a report on Friday, March 8th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. Korn Ferry has a consensus rating of “Hold” and a consensus target price of $58.25.

Shares of NYSE KFY opened at $47.62 on Friday. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.18. Korn Ferry has a fifty-two week low of $37.38 and a fifty-two week high of $68.98. The company has a market capitalization of $2.68 billion, a PE ratio of 17.51 and a beta of 1.29.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Tuesday, March 26th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 25th. This represents a $0.40 annualized dividend and a yield of 0.84%. Korn Ferry’s payout ratio is currently 14.71%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KFY. Janus Henderson Group PLC purchased a new position in Korn Ferry during the 3rd quarter worth $463,000. Bank of New York Mellon Corp increased its holdings in Korn Ferry by 3.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,474,428 shares of the business services provider’s stock worth $72,600,000 after purchasing an additional 47,219 shares during the period. PNC Financial Services Group Inc. increased its holdings in Korn Ferry by 44.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,953 shares of the business services provider’s stock worth $244,000 after purchasing an additional 1,517 shares during the period. Canada Pension Plan Investment Board purchased a new position in Korn Ferry during the 3rd quarter worth $2,117,000. Finally, Credit Suisse AG increased its holdings in Korn Ferry by 76.9% during the 3rd quarter. Credit Suisse AG now owns 90,114 shares of the business services provider’s stock worth $4,437,000 after purchasing an additional 39,177 shares during the period. Institutional investors own 91.31% of the company’s stock.

Korn Ferry Company Profile

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.

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

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