Korn/Ferry International (NYSE:KFY) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.54-0.62 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $406-426 million, compared to the consensus revenue estimate of $402.99 million.
Korn/Ferry International (KFY) opened at $42.16 on Thursday. Korn/Ferry International has a one year low of $26.38 and a one year high of $44.08. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 0.20. The company has a market cap of $2,376.07, a PE ratio of 18.37 and a beta of 1.35.
Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings data on Wednesday, December 6th. The business services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The company had revenue of $443.02 million during the quarter, compared to the consensus estimate of $424.09 million. During the same quarter in the prior year, the company posted $0.59 EPS. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. sell-side analysts forecast that Korn/Ferry International will post 2.45 earnings per share for the current year.
A number of research analysts have recently commented on KFY shares. Robert W. Baird reaffirmed a hold rating and set a $45.00 price objective on shares of Korn/Ferry International in a research note on Thursday. BidaskClub downgraded shares of Korn/Ferry International from a hold rating to a sell rating in a research note on Saturday, August 12th. ValuEngine downgraded shares of Korn/Ferry International from a strong-buy rating to a buy rating in a research report on Friday, December 1st. SunTrust Banks reissued a buy rating and set a $42.00 target price on shares of Korn/Ferry International in a research report on Friday, October 20th. Finally, Deutsche Bank increased 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 report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $43.40.
In other Korn/Ferry International news, CFO Robert P. Rozek sold 12,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $40.04, for a total value of $480,480.00. Following the completion of the sale, the chief financial officer now owns 93,522 shares of the company’s stock, valued at $3,744,620.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jerry Leamon sold 8,000 shares of the stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total transaction of $320,480.00. The disclosure for this sale can be found here. Insiders sold 70,000 shares of company stock valued at $2,801,960 in the last ninety days. 1.01% of the stock is owned by corporate insiders.
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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