Korn Ferry (NYSE:KFY) Releases Quarterly Earnings Results

Korn Ferry (NYSE:KFY) released its quarterly earnings results on Sunday. The business services provider reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.44, MarketWatch Earnings reports. The business had revenue of $475.40 million during the quarter, compared to analyst estimates of $423.00 million. Korn Ferry had a net margin of 0.92% and a return on equity of 7.52%. The company’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share.

NYSE KFY traded up $1.30 during trading hours on Tuesday, hitting $62.86. 18,211 shares of the company’s stock were exchanged, compared to its average volume of 347,016. The business’s 50 day moving average is $49.92 and its 200-day moving average is $38.36. Korn Ferry has a 12-month low of $21.45 and a 12-month high of $62.09. The firm has a market capitalization of $3.39 billion, a P/E ratio of 224.59 and a beta of 1.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.09 and a current ratio of 2.09.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 10th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.64%. Korn Ferry’s dividend payout ratio is currently 13.75%.

A number of equities research analysts have recently commented on the stock. Truist raised their price objective on shares of Korn Ferry from $34.00 to $48.00 in a research note on Tuesday, November 24th. Zacks Investment Research lowered Korn Ferry from a “buy” rating to a “hold” rating in a report on Tuesday, January 26th. TheStreet raised Korn Ferry from a “c” rating to a “b-” rating in a research report on Monday, November 23rd. Finally, Robert W. Baird raised Korn Ferry from a “neutral” rating to an “outperform” rating and set a $49.00 target price for the company in a research report on Wednesday, November 25th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $42.50.

Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and RPO (Recruitment Process Outsourcing) & Professional Search. 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 industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors.

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