Zacks: Brokerages Expect Korn/Ferry International (KFY) to Announce $0.59 Earnings Per Share

Brokerages expect that Korn/Ferry International (NYSE:KFY) will announce $0.59 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Korn/Ferry International’s earnings, with estimates ranging from $0.56 to $0.62. Korn/Ferry International reported earnings of $0.53 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.3%. The firm is expected to announce its next earnings results on Monday, March 5th.

According to Zacks, analysts expect that Korn/Ferry International will report full-year earnings of $2.45 per share for the current financial year, with EPS estimates ranging from $2.36 to $2.56. For the next fiscal year, analysts forecast that the business will report earnings of $2.76 per share, with EPS estimates ranging from $2.63 to $2.95. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings results 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 return on equity of 12.03% and a net margin of 6.69%. The firm had revenue of $443.02 million for the quarter, compared to analyst estimates of $424.09 million. During the same period last year, the firm posted $0.59 earnings per share. The business’s revenue for the quarter was up 10.2% on a year-over-year basis.

A number of analysts have recently commented on the company. ValuEngine lowered Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 price objective on shares of Korn/Ferry International in a research note on Thursday. Zacks Investment Research lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Korn/Ferry International in a research note on Friday, October 20th. Finally, Deutsche Bank lifted their price objective on 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 investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Korn/Ferry International currently has an average rating of “Buy” and a consensus target price of $43.40.

Shares of Korn/Ferry International (NYSE:KFY) traded down $0.58 during mid-day trading on Monday, hitting $41.58. The stock had a trading volume of 881,037 shares, compared to its average volume of 350,332. Korn/Ferry International has a 12-month low of $27.47 and a 12-month high of $44.08. The firm has a market capitalization of $2,376.07, a price-to-earnings ratio of 18.37 and a beta of 1.35. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 0.20.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 20th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Tuesday, December 19th. Korn/Ferry International’s dividend payout ratio is currently 20.83%.

In other Korn/Ferry International news, CFO Robert P. Rozek sold 12,000 shares of Korn/Ferry International stock in a transaction that occurred on Monday, October 2nd. The stock was 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 directly owns 93,522 shares in the company, valued at $3,744,620.88. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jerry Leamon sold 8,000 shares of Korn/Ferry International stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.06, for a total value of $320,480.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,000 shares of company stock worth $2,801,960. 1.01% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of KFY. JPMorgan Chase & Co. increased its holdings in shares of Korn/Ferry International by 41.1% during the second quarter. JPMorgan Chase & Co. now owns 123,475 shares of the business services provider’s stock valued at $4,264,000 after acquiring an additional 35,971 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Korn/Ferry International by 9.7% during the second quarter. Legal & General Group Plc now owns 111,533 shares of the business services provider’s stock valued at $3,852,000 after acquiring an additional 9,854 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in shares of Korn/Ferry International by 12.8% during the second quarter. Kennedy Capital Management Inc. now owns 105,690 shares of the business services provider’s stock valued at $3,649,000 after acquiring an additional 11,987 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Korn/Ferry International by 9.2% during the second quarter. Bank of New York Mellon Corp now owns 1,713,949 shares of the business services provider’s stock valued at $59,184,000 after acquiring an additional 143,828 shares in the last quarter. Finally, Sciencast Management LP bought a new stake in shares of Korn/Ferry International during the second quarter valued at approximately $411,000. Institutional investors and hedge funds own 86.20% 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.

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

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