Brokerages Expect Korn/Ferry International (NYSE:KFY) to Post $0.53 Earnings Per Share

Equities research analysts forecast that Korn/Ferry International (NYSE:KFY) will announce $0.53 earnings per share (EPS) for the current fiscal 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 during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The firm is scheduled to announce its next earnings results on Thursday, September 14th.

On average, analysts expect that Korn/Ferry International will report full year earnings of $2.44 per share for the current fiscal year, with EPS estimates ranging from $2.37 to $2.56. For the next year, analysts anticipate that the company will post earnings of $2.72 per share, with EPS estimates ranging from $2.60 to $2.90. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Tuesday, June 20th. The business services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The firm had revenue of $419.60 million during the quarter, compared to the consensus estimate of $405.33 million. Korn/Ferry International had a return on equity of 12.14% and a net margin of 5.19%. The company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS.

Several analysts recently issued reports on the company. BidaskClub upgraded Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 23rd. Zacks Investment Research cut Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Sidoti assumed coverage on Korn/Ferry International in a research report on Monday, June 12th. They set a “buy” rating and a $43.00 target price for the company. Finally, William Blair upgraded Korn/Ferry International from a “market perform” rating to an “outperform” rating in a research report on Monday, April 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.00.

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Shares of Korn/Ferry International (KFY) traded up 0.12% during mid-day trading on Wednesday, hitting $33.45. The stock had a trading volume of 181,887 shares. Korn/Ferry International has a 12 month low of $19.94 and a 12 month high of $36.07. The company has a market cap of $1.91 billion, a PE ratio of 22.82 and a beta of 1.40. The stock’s 50-day moving average is $34.11 and its 200 day moving average is $31.74.

The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Wednesday, June 28th. Korn/Ferry International’s payout ratio is presently 27.21%.

In related news, CEO Gary D. Burnison sold 40,000 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was sold at an average price of $34.73, for a total transaction of $1,389,200.00. Following the completion of the transaction, the chief executive officer now directly owns 251,485 shares of the company’s stock, valued at $8,734,074.05. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert P. Rozek sold 11,000 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $34.48, for a total value of $379,280.00. Following the transaction, the chief financial officer now directly owns 111,782 shares of the company’s stock, valued at $3,854,243.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 183,837 shares of company stock valued at $6,336,501. 1.19% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its position in shares of 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 last quarter. Envestnet Asset Management Inc. raised its stake in Korn/Ferry International by 17.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,979 shares of the business services provider’s stock valued at $147,000 after buying an additional 744 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Korn/Ferry International during the first quarter valued at about $156,000. State of Alaska Department of Revenue raised 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 valued at $199,000 after buying an additional 60 shares during the last quarter. Finally, Highbridge Capital Management LLC bought a new stake in Korn/Ferry International during the first quarter valued at about $246,000. 89.15% of the stock is owned by institutional investors.

About Korn/Ferry International

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

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