Korn/Ferry International (KFY) to Issue $0.10 Quarterly Dividend

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Korn/Ferry International (NYSE:KFY) declared a quarterly dividend on Friday, December 7th, Wall Street Journal reports. Shareholders of record on Thursday, December 20th will be paid a dividend of 0.10 per share by the business services provider on Tuesday, January 15th. This represents a $0.40 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, December 19th.

Shares of NYSE KFY opened at $43.65 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.14 and a quick ratio of 2.14. Korn/Ferry International has a 12 month low of $38.53 and a 12 month high of $68.98. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 14.22 and a beta of 1.18.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Thursday, December 6th. The business services provider reported $0.85 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.05. Korn/Ferry International had a net margin of 3.92% and a return on equity of 14.97%. The business had revenue of $495.20 million during the quarter, compared to analyst estimates of $485.94 million. During the same period in the prior year, the business earned $0.67 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities research analysts expect that Korn/Ferry International will post 3.33 EPS for the current year.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a report on Tuesday, September 11th. SunTrust Banks decreased their price objective on shares of Korn/Ferry International to $63.00 and set a “buy” rating for the company in a report on Friday. ValuEngine lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 4th. Credit Suisse Group decreased their price target on shares of Korn/Ferry International from $44.00 to $40.00 and set an “underperform” rating for the company in a research note on Friday. Finally, TheStreet lowered shares of Korn/Ferry International from an “a-” rating to a “c+” rating in a research note on Friday, September 7th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. Korn/Ferry International has an average rating of “Hold” and a consensus price target of $58.25.

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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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Dividend History for Korn/Ferry International (NYSE:KFY)

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