Zacks: Analysts Anticipate Korn Ferry (KFY) Will Announce Earnings of $0.70 Per Share

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

According to Zacks, 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 year, analysts anticipate that the company will report earnings of $3.05 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Korn Ferry.

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

A number of equities research analysts recently issued reports on the company. 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 report on Friday, March 9th. Goldman Sachs assumed coverage on Korn Ferry in a research report on Tuesday, March 27th. They set a “buy” rating on the stock. Robert W. Baird reissued a “hold” rating and set a $45.00 price target on shares of Korn Ferry in a research report on Thursday, December 7th. Finally, ValuEngine raised Korn Ferry from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $43.80.

In related news, Director Angel R. Martinez purchased 2,000 shares of Korn Ferry stock in a transaction that occurred on Friday, March 23rd. The shares were acquired at an average price of $50.30 per share, with a total value of $100,600.00. Following the completion of the transaction, the director now directly owns 5,030 shares of the company’s stock, valued at approximately $253,009. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Debra J. Perry sold 5,520 shares of the stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $51.00, for a total value of $281,520.00. Following the sale, the director now directly owns 26,452 shares in the company, valued at approximately $1,349,052. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Korn Ferry by 1.6% during the fourth quarter. BlackRock Inc. now owns 6,903,792 shares of the business services provider’s stock worth $285,678,000 after purchasing an additional 107,833 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Korn Ferry by 2.3% during 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 purchasing an additional 102,976 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Korn Ferry by 6.8% during the fourth quarter. Allianz Asset Management GmbH now owns 999,970 shares of the business services provider’s stock worth $41,379,000 after purchasing an additional 63,849 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Korn Ferry during the fourth quarter worth $30,340,000. Finally, Ameriprise Financial Inc. lifted its stake in Korn Ferry by 77.5% during the third quarter. Ameriprise Financial Inc. now owns 628,769 shares of the business services provider’s stock worth $24,793,000 after purchasing an additional 274,447 shares during the last quarter. Hedge funds and other institutional investors own 88.61% of the company’s stock.

NYSE:KFY traded down $0.90 during trading hours on Monday, reaching $50.69. 467,133 shares of the company were exchanged, compared to its average volume of 411,189. The company has a market capitalization of $2,915.50, a P/E ratio of 22.63 and a beta of 1.20. Korn Ferry has a 1-year low of $29.84 and a 1-year high of $52.17. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.91 and a quick ratio of 1.91.

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

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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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