Korn Ferry (NYSE:KFY) Issues Q2 Earnings Guidance

Korn Ferry (NYSE:KFY) updated its second quarter earnings guidance on Thursday. The company provided EPS guidance of $0.76-0.84 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.90. The company issued revenue guidance of $485-505 million, compared to the consensus revenue estimate of $500.20 million.Korn Ferry also updated its Q2 2020 guidance to $0.76-0.84 EPS.

Several brokerages have recently commented on KFY. ValuEngine raised Korn Ferry from a strong sell rating to a sell rating in a report on Thursday, August 1st. SunTrust Banks cut their price objective on Korn Ferry to $58.00 and set a buy rating for the company in a report on Friday, June 21st. Zacks Investment Research raised Korn Ferry from a sell rating to a hold rating in a report on Thursday, August 22nd. Sidoti cut their price objective on Korn Ferry from $72.00 to $63.00 and set a buy rating for the company in a report on Friday. Finally, Credit Suisse Group cut their price objective on Korn Ferry from $40.00 to $37.00 and set an underperform rating for the company in a report on Friday. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $52.00.

KFY traded down $2.64 during midday trading on Friday, hitting $36.72. The stock had a trading volume of 1,081,302 shares, compared to its average volume of 343,695. The company has a market cap of $2.22 billion, a P/E ratio of 11.93 and a beta of 1.17. The business has a fifty day moving average of $38.68 and a 200 day moving average of $43.48. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.06 and a current ratio of 2.06. Korn Ferry has a 1 year low of $34.35 and a 1 year high of $60.00.

Korn Ferry (NYSE:KFY) last issued its earnings results on Thursday, September 5th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01). The firm had revenue of $484.50 million during the quarter, compared to analysts’ expectations of $475.35 million. Korn Ferry had a return on equity of 15.44% and a net margin of 9.25%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 EPS. On average, equities research analysts anticipate that Korn Ferry will post 3.49 earnings per share for the current year.

About Korn Ferry

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

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