Zacks: Brokerages Expect Korn Ferry (KFY) to Announce $0.89 EPS

Equities analysts predict that Korn Ferry (NYSE:KFY) will report earnings of $0.89 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Korn Ferry’s earnings. Korn Ferry reported earnings per share of $0.80 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The company is scheduled to report its next earnings results on Wednesday, June 12th.

According to Zacks, analysts expect that Korn Ferry will report full year earnings of $3.34 per share for the current financial year, with EPS estimates ranging from $3.32 to $3.36. For the next year, analysts expect that the company will post earnings of $3.64 per share, with EPS estimates ranging from $3.61 to $3.68. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Korn Ferry.

Korn Ferry (NYSE:KFY) last issued its earnings results on Thursday, March 7th. The business services provider reported $0.81 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.81. The business had revenue of $474.50 million during the quarter, compared to the consensus estimate of $481.98 million. Korn Ferry had a net margin of 4.77% and a return on equity of 15.42%. During the same period last year, the business posted $0.70 EPS.

KFY has been the subject of several research reports. William Blair restated an “outperform” rating on shares of Korn Ferry in a research report on Friday, March 8th. ValuEngine upgraded shares of Korn Ferry from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Zacks Investment Research downgraded shares of Korn Ferry from a “buy” rating to a “hold” rating in a research report on Wednesday, February 6th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $58.25.

KFY stock traded down $0.15 during mid-day trading on Friday, hitting $47.34. 402 shares of the company were exchanged, compared to its average volume of 234,855. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2.68 billion, a PE ratio of 17.44 and a beta of 1.29. Korn Ferry has a 1-year low of $37.38 and a 1-year high of $68.98.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Tuesday, March 26th were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 25th. This represents a $0.40 annualized dividend and a yield of 0.84%. Korn Ferry’s dividend payout ratio (DPR) is presently 14.71%.

A number of hedge funds have recently modified their holdings of KFY. Janus Henderson Group PLC acquired a new stake in shares of Korn Ferry in the third quarter valued at approximately $463,000. Bank of New York Mellon Corp increased its stake in Korn Ferry by 3.3% in the third quarter. Bank of New York Mellon Corp now owns 1,474,428 shares of the business services provider’s stock valued at $72,600,000 after acquiring an additional 47,219 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Korn Ferry by 44.2% during the third quarter. PNC Financial Services Group Inc. now owns 4,953 shares of the business services provider’s stock worth $244,000 after buying an additional 1,517 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Korn Ferry during the third quarter worth $2,117,000. Finally, Credit Suisse AG grew its stake in shares of Korn Ferry by 76.9% during the third quarter. Credit Suisse AG now owns 90,114 shares of the business services provider’s stock worth $4,437,000 after buying an additional 39,177 shares during the last quarter. Hedge funds and other institutional investors own 91.04% of the company’s stock.

About Korn Ferry

Korn/Ferry International engages in the provision of global organizational consulting firm. It operates through the following segments: Executive Search, Hay Group, Futurestep, and Corporate. The Executive Search segment helps clients attract and hire leaders who fit in with their organization, and make it stand out.

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Earnings History and Estimates for Korn Ferry (NYSE:KFY)

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