Korn Ferry (NYSE:KFY) posted its earnings results on Thursday, September 5th. The business services provider reported $0.76 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.01), Briefing.com reports. Korn Ferry had a return on equity of 15.26% and a net margin of 9.25%. The company had revenue of $484.50 million for the quarter, compared to analyst estimates of $475.35 million. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Korn Ferry’s quarterly revenue was up 4.1% compared to the same quarter last year. Korn Ferry updated its Q2 2020 guidance to $0.76-0.84 EPS and its Q2 guidance to $0.76-0.84 EPS.
NYSE KFY traded up $0.23 on Friday, reaching $38.21. The stock had a trading volume of 57,437 shares, compared to its average volume of 421,682. The company has a market cap of $2.07 billion, a P/E ratio of 11.54 and a beta of 1.17. Korn Ferry has a 1-year low of $34.35 and a 1-year high of $50.74. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.37 and a quick ratio of 2.06. The firm has a fifty day moving average of $38.49 and a two-hundred day moving average of $43.20.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Thursday, September 26th. Korn Ferry’s dividend payout ratio is 12.08%.
Several equities analysts recently issued reports on KFY shares. Credit Suisse Group decreased their price objective on Korn Ferry from $40.00 to $37.00 and set an “underperform” rating for the company in a research report on Friday, September 6th. ValuEngine upgraded Korn Ferry from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 1st. SunTrust Banks cut their target price on Korn Ferry to $58.00 and set a “buy” rating on the stock in a research note on Friday, June 21st. Sidoti cut their target price on Korn Ferry from $72.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Finally, Zacks Investment Research cut Korn Ferry from a “hold” rating to a “sell” rating in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Korn Ferry has an average rating of “Hold” and an average price target of $50.00.
About Korn Ferry
Korn Ferry, 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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