Korn/Ferry International (NYSE:KFY) announced its quarterly earnings results on Thursday. The business services provider reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.05, MarketWatch Earnings reports. The business had revenue of $495.20 million during the quarter, compared to analysts’ expectations of $485.94 million. Korn/Ferry International had a return on equity of 14.97% and a net margin of 3.92%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.67 EPS. Korn/Ferry International updated its Q3 guidance to $0.77-0.85 EPS.
Shares of NYSE KFY opened at $43.65 on Friday. The company has a market capitalization of $2.53 billion, a P/E ratio of 14.22 and a beta of 1.18. Korn/Ferry International has a 52 week low of $38.53 and a 52 week high of $68.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.14 and a quick ratio of 2.14.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Thursday, December 20th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, December 19th. This represents a $0.40 annualized dividend and a dividend yield of 0.92%. Korn/Ferry International’s payout ratio is 14.71%.
KFY has been the subject of several recent research reports. Credit Suisse Group initiated coverage on Korn/Ferry International in a research note on Friday, August 10th. They issued an “underperform” rating and a $55.00 price target for the company. Zacks Investment Research cut Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. ValuEngine cut Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 4th. TheStreet cut Korn/Ferry International from an “a-” rating to a “c+” rating in a research note on Friday, September 7th. Finally, SunTrust Banks lowered their price target on Korn/Ferry International to $63.00 and set a “buy” rating for the company in a research note on Friday. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Korn/Ferry International has an average rating of “Hold” and an average target price of $58.25.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. USA Financial Portformulas Corp acquired a new stake in Korn/Ferry International in the 3rd quarter worth approximately $106,000. Advisors Preferred LLC lifted its holdings in Korn/Ferry International by 102.6% in the 2nd quarter. Advisors Preferred LLC now owns 1,732 shares of the business services provider’s stock worth $107,000 after purchasing an additional 877 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in Korn/Ferry International in the 2nd quarter worth approximately $142,000. Csenge Advisory Group acquired a new stake in Korn/Ferry International in the 3rd quarter worth approximately $113,000. Finally, BlueMountain Capital Management LLC acquired a new stake in Korn/Ferry International in the 2nd quarter worth approximately $157,000. 90.03% of the stock is owned by institutional investors and hedge funds.
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Korn/Ferry International Company Profile
Korn/Ferry International, together with its subsidiaries, provides talent management solutions worldwide. It operates through three segments: Executive Search, Hay Group, and Futurestep. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the consumer, financial services, industrial, life sciences/healthcare provider, technology, and educational/not-for-profit market sectors.
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