Zacks: Analysts Expect Korn/Ferry International (KFY) Will Announce Earnings of $0.59 Per Share

Wall Street analysts forecast that Korn/Ferry International (NYSE:KFY) will post earnings of $0.59 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Korn/Ferry International’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.60. Korn/Ferry International posted earnings of $0.53 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The firm is expected to announce its next quarterly earnings results on Monday, March 5th.

On average, analysts expect that Korn/Ferry International will report full-year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.55. For the next financial year, analysts forecast that the firm will post earnings of $2.83 per share, with EPS estimates ranging from $2.76 to $2.95. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last announced its earnings results on Wednesday, December 6th. The business services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $443.02 million for the quarter, compared to analyst estimates of $424.09 million. Korn/Ferry International had a return on equity of 12.15% and a net margin of 6.90%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS.

Several brokerages have weighed in on KFY. Robert W. Baird restated a “hold” rating and issued a $45.00 target price on shares of Korn/Ferry International in a research note on Thursday, December 7th. Zacks Investment Research downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. SunTrust Banks raised their target price on shares of Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. ValuEngine downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Deutsche Bank lifted their price objective 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $43.40.

In other news, Director Jerry Leamon sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total value of $320,480.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gary D. Burnison sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.02, for a total transaction of $2,001,000.00. Following the completion of the transaction, the chief executive officer now owns 198,700 shares in the company, valued at $7,951,974. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $2,801,960 over the last quarter. 1.01% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased its stake 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 valued at $110,000 after buying an additional 52 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Korn/Ferry International by 80.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 1,530 shares in the last quarter. SG Americas Securities LLC grew its stake in Korn/Ferry International by 26.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 878 shares in the last quarter. OLD National Bancorp IN purchased a new stake in Korn/Ferry International during the 3rd quarter valued at about $208,000. Finally, First Quadrant L P CA purchased a new stake in Korn/Ferry International during the 3rd quarter valued at about $212,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Shares of Korn/Ferry International (NYSE:KFY) traded down $0.17 on Friday, reaching $42.00. 283,900 shares of the company’s stock traded hands, compared to its average volume of 358,974. The firm has a market capitalization of $2,383.15, a P/E ratio of 17.79 and a beta of 1.35. Korn/Ferry International has a 52 week low of $27.47 and a 52 week high of $44.08. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 20th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $0.40 annualized dividend and a yield of 0.95%. Korn/Ferry International’s payout ratio is 19.61%.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Expect Korn/Ferry International (KFY) Will Announce Earnings of $0.59 Per Share” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.com-unik.info/2017/12/22/zacks-analysts-expect-kornferry-international-kfy-will-announce-earnings-of-0-59-per-share.html.

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.

Get a free copy of the Zacks research report on Korn/Ferry International (KFY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Korn/Ferry International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn/Ferry International and related companies with MarketBeat.com's FREE daily email newsletter.

Zacks: Analysts Expect Korn/Ferry International (KFY) Will Announce Earnings of $0.59 Per Share

Wall Street analysts forecast that Korn/Ferry International (NYSE:KFY) will post earnings of $0.59 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Korn/Ferry International’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.60. Korn/Ferry International posted earnings of $0.53 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 11.3%. The firm is expected to announce its next quarterly earnings results on Monday, March 5th.

On average, analysts expect that Korn/Ferry International will report full-year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.45 to $2.55. For the next financial year, analysts forecast that the firm will post earnings of $2.83 per share, with EPS estimates ranging from $2.76 to $2.95. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last announced its earnings results on Wednesday, December 6th. The business services provider reported $0.67 EPS for the quarter, beating the consensus estimate of $0.64 by $0.03. The company had revenue of $443.02 million for the quarter, compared to analyst estimates of $424.09 million. Korn/Ferry International had a return on equity of 12.15% and a net margin of 6.90%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS.

Several brokerages have weighed in on KFY. Robert W. Baird restated a “hold” rating and issued a $45.00 target price on shares of Korn/Ferry International in a research note on Thursday, December 7th. Zacks Investment Research downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. SunTrust Banks raised their target price on shares of Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, September 7th. ValuEngine downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Deutsche Bank lifted their price objective 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $43.40.

In other news, Director Jerry Leamon sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total value of $320,480.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Gary D. Burnison sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.02, for a total transaction of $2,001,000.00. Following the completion of the transaction, the chief executive officer now owns 198,700 shares in the company, valued at $7,951,974. The disclosure for this sale can be found here. Insiders sold a total of 70,000 shares of company stock worth $2,801,960 over the last quarter. 1.01% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can increased its stake 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 valued at $110,000 after buying an additional 52 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Korn/Ferry International by 80.5% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock valued at $118,000 after acquiring an additional 1,530 shares in the last quarter. SG Americas Securities LLC grew its stake in Korn/Ferry International by 26.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 878 shares in the last quarter. OLD National Bancorp IN purchased a new stake in Korn/Ferry International during the 3rd quarter valued at about $208,000. Finally, First Quadrant L P CA purchased a new stake in Korn/Ferry International during the 3rd quarter valued at about $212,000. Hedge funds and other institutional investors own 86.09% of the company’s stock.

Shares of Korn/Ferry International (NYSE:KFY) traded down $0.17 on Friday, reaching $42.00. 283,900 shares of the company’s stock traded hands, compared to its average volume of 358,974. The firm has a market capitalization of $2,383.15, a P/E ratio of 17.79 and a beta of 1.35. Korn/Ferry International has a 52 week low of $27.47 and a 52 week high of $44.08. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Shareholders of record on Wednesday, December 20th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $0.40 annualized dividend and a yield of 0.95%. Korn/Ferry International’s payout ratio is 19.61%.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Expect Korn/Ferry International (KFY) Will Announce Earnings of $0.59 Per Share” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this report can be read at https://www.com-unik.info/2017/12/22/zacks-analysts-expect-kornferry-international-kfy-will-announce-earnings-of-0-59-per-share.html.

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.

Get a free copy of the Zacks research report on Korn/Ferry International (KFY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Korn/Ferry International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn/Ferry International and related companies with MarketBeat.com's FREE daily email newsletter.

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