Korn/Ferry International (NYSE:KFY) released its quarterly earnings data on Thursday. The business services provider reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05, Briefing.com reports. The firm had revenue of $495.20 million for the quarter, compared to analyst estimates of $485.94 million. Korn/Ferry International had a return on equity of 14.26% and a net margin of 3.51%. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Korn/Ferry International updated its Q3 guidance to $0.77-0.85 EPS.
Shares of NYSE KFY opened at $45.23 on Thursday. The company has a market cap of $2.58 billion, a PE ratio of 16.63 and a beta of 1.18. Korn/Ferry International has a 1-year low of $38.53 and a 1-year high of $68.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.14 and a current ratio of 2.14.
A number of equities analysts have recently weighed in on KFY shares. Zacks Investment Research lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. Credit Suisse Group started coverage on Korn/Ferry International in a research note on Friday, August 10th. They set an “underperform” rating and a $55.00 target price on the stock. TheStreet lowered Korn/Ferry International from an “a-” rating to a “c+” rating in a research note on Friday, September 7th. Finally, ValuEngine lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.40.
Korn/Ferry International 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 search services 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 market sectors.
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