Korn Ferry (KFY) to Issue Quarterly Dividend of $0.37 on October 15th

Korn Ferry (NYSE:KFY) announced a quarterly dividend on Wednesday, September 4th, RTT News reports. Shareholders of record on Thursday, September 19th will be given a dividend of 0.37 per share by the business services provider on Tuesday, October 15th. This represents a $1.48 annualized dividend and a yield of 2.18%. The ex-dividend date is Thursday, September 19th.

Korn Ferry has raised its dividend by an average of 28.1% per year over the last three years. Korn Ferry has a dividend payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Korn Ferry to earn $5.38 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 27.5%.

Korn Ferry Price Performance

Shares of NYSE KFY opened at $67.98 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.79 and a quick ratio of 1.83. Korn Ferry has a 1-year low of $44.45 and a 1-year high of $75.30. The business has a 50-day moving average of $69.46 and a 200-day moving average of $65.88. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 21.11 and a beta of 1.54.

Korn Ferry (NYSE:KFY) last announced its earnings results on Thursday, September 5th. The business services provider reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.12 by $0.06. Korn Ferry had a return on equity of 13.18% and a net margin of 6.05%. The company had revenue of $682.80 million during the quarter, compared to the consensus estimate of $663.84 million. During the same period last year, the firm earned $0.99 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. On average, equities analysts anticipate that Korn Ferry will post 4.81 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on KFY shares. Robert W. Baird increased their price objective on shares of Korn Ferry from $72.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, June 14th. Truist Financial reaffirmed a “buy” rating and set a $78.00 price target (up previously from $74.00) on shares of Korn Ferry in a research report on Friday, June 14th. UBS Group boosted their price objective on Korn Ferry from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, June 7th. Finally, StockNews.com upgraded Korn Ferry from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.00.

Insiders Place Their Bets

In other news, CEO Mark Arian sold 5,000 shares of Korn Ferry stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $66.73, for a total value of $333,650.00. Following the completion of the transaction, the chief executive officer now directly owns 96,484 shares of the company’s stock, valued at approximately $6,438,377.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by corporate insiders.

Korn Ferry Company Profile

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.