Korn/Ferry International (KFY) Issues Quarterly Earnings Results

Korn/Ferry International (NYSE:KFY) posted its quarterly earnings results on Wednesday, December 6th. The business services provider reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.03, reports. Korn/Ferry International had a return on equity of 12.15% and a net margin of 6.90%. The business had revenue of $443.02 million for the quarter, compared to analysts’ expectations of $424.09 million. During the same quarter in the prior year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. Korn/Ferry International updated its Q3 guidance to $0.54-0.62 EPS.

Korn/Ferry International (KFY) traded down $0.50 during trading hours on Friday, reaching $41.38. The company’s stock had a trading volume of 244,060 shares, compared to its average volume of 498,130. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.20. Korn/Ferry International has a twelve month low of $27.47 and a twelve month high of $44.08. The company has a market capitalization of $2,366.76, a PE ratio of 20.28 and a beta of 1.35.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Wednesday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, December 19th. This represents a $0.40 annualized dividend and a yield of 0.97%. Korn/Ferry International’s dividend payout ratio (DPR) is presently 19.61%.

KFY has been the subject of a number of research analyst reports. ValuEngine downgraded Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Robert W. Baird reissued a “hold” rating and issued a $45.00 price objective on shares of Korn/Ferry International in a research report on Thursday, December 7th. Zacks Investment Research lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. SunTrust Banks restated a “buy” rating and issued a $42.00 target price on shares of Korn/Ferry International in a research note on Friday, October 20th. Finally, Deutsche Bank increased their price objective on Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.40.

In related news, CEO Gary D. Burnison sold 50,000 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $40.02, for a total value of $2,001,000.00. Following the transaction, the chief executive officer now directly owns 198,700 shares of the company’s stock, valued at approximately $7,951,974. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jerry Leamon sold 8,000 shares of the stock in a transaction dated Tuesday, October 3rd. The stock was 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 have sold 70,000 shares of company stock worth $2,801,960 over the last three months. 1.01% of the stock is currently owned by insiders.

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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.

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

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