Korn/Ferry International (KFY) Set to Announce Earnings on Wednesday

Korn/Ferry International (NYSE:KFY) will be posting its quarterly earnings results after the market closes on Wednesday, December 6th. Analysts expect Korn/Ferry International to post earnings of $0.64 per share for the quarter. Korn/Ferry International has set its Q2 guidance at $0.58-0.66 EPS.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. The firm had revenue of $401.25 million for the quarter, compared to analyst estimates of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. Korn/Ferry International’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period last year, the company posted $0.52 EPS. On average, analysts expect Korn/Ferry International to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Korn/Ferry International (NYSE:KFY) opened at $42.24 on Tuesday. The firm has a market cap of $2,383.42, a PE ratio of 18.42 and a beta of 1.35. Korn/Ferry International has a 12 month low of $25.59 and a 12 month high of $44.08. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.20.

A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. ValuEngine lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research note on Wednesday, November 8th. Robert W. Baird reissued a “hold” rating and issued a $37.00 target price on shares of Korn/Ferry International in a research note on Friday, November 10th. Finally, Deutsche Bank raised their target price on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $41.80.

In related news, CEO Gary D. Burnison sold 50,000 shares of Korn/Ferry International stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.02, for a total value of $2,001,000.00. Following the completion of the sale, the chief executive officer now owns 198,700 shares in the company, valued at approximately $7,951,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert P. Rozek sold 12,000 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.04, for a total transaction of $480,480.00. Following the completion of the transaction, the chief financial officer now owns 93,522 shares of the company’s stock, valued at approximately $3,744,620.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 70,000 shares of company stock worth $2,801,960. Corporate insiders own 1.01% 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.

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

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