Korn/Ferry International (NYSE:KFY) Plans $0.55 Quarterly Dividend

Korn/Ferry International (NYSE:KFY) declared a quarterly dividend on Monday, June 22nd. Stockholders of record on Monday, July 6th will be paid a dividend of 0.55 per share by the business services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, July 6th.

Korn/Ferry International has increased its dividend payment by an average of 0.3%per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Korn/Ferry International has a dividend payout ratio of 37.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Korn/Ferry International to earn $5.70 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 38.6%.

Korn/Ferry International Trading Down 5.2%

NYSE:KFY opened at $67.72 on Tuesday. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 13.38 and a beta of 1.21. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average price is $67.98 and its 200-day moving average price is $66.13. Korn/Ferry International has a 52 week low of $58.95 and a 52 week high of $78.50.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings data on Tuesday, June 23rd. The business services provider reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.03. The company had revenue of $768.26 million during the quarter, compared to analyst estimates of $743.35 million. Korn/Ferry International had a net margin of 9.29% and a return on equity of 14.36%. During the same period in the previous year, the business earned $1.32 EPS. On average, equities research analysts forecast that Korn/Ferry International will post 5.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KFY has been the subject of several recent analyst reports. Wall Street Zen upgraded Korn/Ferry International from a “hold” rating to a “buy” rating in a research note on Sunday, March 1st. Weiss Ratings upgraded Korn/Ferry International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, June 1st. UBS Group boosted their target price on Korn/Ferry International from $65.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday, April 9th. Finally, Truist Financial upped their target price on shares of Korn/Ferry International from $75.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.67.

About Korn/Ferry International

Korn Ferry International is a global organizational consulting firm that partners with clients to design optimal structures, roles and responsibilities. The company’s core offerings include executive search, talent acquisition, leadership development and succession planning. By blending deep industry expertise with data-driven insights, Korn Ferry helps organizations identify, assess and develop executives and high-potential talent for critical roles.

Since its founding in 1969 and with headquarters in Los Angeles, Korn Ferry has expanded its presence to more than 50 offices across North America, Europe, Asia Pacific and Latin America.