Equities analysts expect that Korn/Ferry International (NYSE:KFY) will announce earnings of $0.53 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Korn/Ferry International’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.55. Korn/Ferry International reported earnings per share of $0.52 in the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The business is scheduled to announce its next earnings report after the market closes on Wednesday, September 6th.
According to Zacks, analysts expect that Korn/Ferry International will report full year earnings of $2.44 per share for the current year, with EPS estimates ranging from $2.37 to $2.56. For the next fiscal year, analysts anticipate that the business will post earnings of $2.72 per share, with EPS estimates ranging from $2.60 to $2.90. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Korn/Ferry International.
Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Tuesday, June 20th. The business services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. The company had revenue of $419.60 million for the quarter, compared to analyst estimates of $405.33 million. Korn/Ferry International had a net margin of 5.19% and a return on equity of 12.14%. Korn/Ferry International’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.58 EPS.
Several brokerages have recently commented on KFY. Sidoti began coverage on shares of Korn/Ferry International in a report on Monday, June 12th. They issued a “buy” rating and a $43.00 target price for the company. BidaskClub downgraded shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, Zacks Investment Research downgraded shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Korn/Ferry International currently has a consensus rating of “Hold” and a consensus target price of $33.67.
Korn/Ferry International (NYSE KFY) traded up 1.90% on Thursday, hitting $33.32. 354,299 shares of the stock traded hands. The stock has a 50 day moving average of $33.36 and a 200 day moving average of $32.29. The firm has a market capitalization of $1.90 billion, a PE ratio of 22.73 and a beta of 1.40. Korn/Ferry International has a 52 week low of $19.94 and a 52 week high of $36.07.
In other news, CEO Byrne K. Mulrooney sold 16,000 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $34.61, for a total value of $553,760.00. Following the completion of the sale, the chief executive officer now owns 104,712 shares in the company, valued at $3,624,082.32. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Robert P. Rozek sold 11,000 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $34.48, for a total transaction of $379,280.00. Following the completion of the sale, the chief financial officer now owns 111,782 shares of the company’s stock, valued at approximately $3,854,243.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 183,837 shares of company stock valued at $6,336,501. 1.01% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the company. Bank of Montreal Can increased its stake in Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after buying an additional 52 shares during the period. State of Alaska Department of Revenue increased its stake in Korn/Ferry International by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 6,340 shares of the business services provider’s stock worth $199,000 after buying an additional 60 shares during the period. Hanseatic Management Services Inc. increased its stake in Korn/Ferry International by 1.1% in the second quarter. Hanseatic Management Services Inc. now owns 7,129 shares of the business services provider’s stock worth $246,000 after buying an additional 81 shares during the period. Louisiana State Employees Retirement System increased its stake in Korn/Ferry International by 0.4% in the first quarter. Louisiana State Employees Retirement System now owns 23,400 shares of the business services provider’s stock worth $737,000 after buying an additional 100 shares during the period. Finally, Texas Permanent School Fund increased its stake in Korn/Ferry International by 0.8% in the second quarter. Texas Permanent School Fund now owns 41,924 shares of the business services provider’s stock worth $1,448,000 after buying an additional 350 shares during the period. Institutional investors and hedge funds own 86.92% of the company’s stock.
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Korn/Ferry International Company Profile
Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.
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