Zacks: Brokerages Expect Korn Ferry (KFY) to Announce $0.70 EPS

Analysts expect Korn Ferry (NYSE:KFY) to report $0.70 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided 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 posted earnings of $0.62 per share during the same quarter last year, which suggests a positive year over year growth rate of 12.9%. The firm is expected to report its next quarterly earnings results on Tuesday, June 19th.

On average, analysts expect that Korn Ferry will report full-year earnings of $2.63 per share for the current year, with EPS estimates ranging from $2.61 to $2.65. For the next financial year, analysts anticipate that the firm will report earnings of $3.05 per share, with EPS estimates ranging from $2.90 to $3.20. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Korn Ferry.

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



KFY has been the topic of several recent analyst reports. Goldman Sachs assumed coverage on shares of Korn Ferry in a report on Tuesday, March 27th. They set a “buy” rating on the stock. Zacks Investment Research raised shares of Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Friday, March 9th. Finally, ValuEngine raised shares of Korn Ferry from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Korn Ferry presently has a consensus rating of “Buy” and a consensus target price of $43.80.

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

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank increased its position in Korn Ferry by 3.0% during the fourth quarter. Swiss National Bank now owns 93,500 shares of the business services provider’s stock worth $3,869,000 after purchasing an additional 2,700 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Korn Ferry during the fourth quarter worth about $7,904,000. Allianz Asset Management GmbH increased its position 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. Goldman Sachs Group Inc. increased its position in Korn Ferry by 73.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 371,524 shares of the business services provider’s stock worth $15,373,000 after purchasing an additional 157,074 shares during the last quarter. Finally, AXA increased its position in Korn Ferry by 4.7% during the fourth quarter. AXA now owns 42,200 shares of the business services provider’s stock worth $1,746,000 after purchasing an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 89.47% of the company’s stock.

KFY opened at $53.88 on Thursday. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.18. The firm has a market cap of $3,044.92, a price-to-earnings ratio of 21.21 and a beta of 1.21. Korn Ferry has a 52-week low of $31.19 and a 52-week high of $55.45.

The firm also recently declared a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Monday, March 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was 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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