Analysts expect Korn Ferry (NYSE:KFY) to announce sales of $474.99 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Korn Ferry’s earnings, with the lowest sales estimate coming in at $471.27 million and the highest estimate coming in at $477.00 million. Korn Ferry posted sales of $465.57 million in the same quarter last year, which suggests a positive year over year growth rate of 2%. The business is scheduled to issue its next quarterly earnings report on Thursday, September 5th.
On average, analysts expect that Korn Ferry will report full year sales of $1.98 billion for the current financial year, with estimates ranging from $1.94 billion to $2.00 billion. For the next year, analysts forecast that the firm will post sales of $2.07 billion, with estimates ranging from $1.99 billion to $2.12 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Korn Ferry.
Korn Ferry (NYSE:KFY) last posted its quarterly earnings results on Thursday, June 20th. The business services provider reported $0.88 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.88. Korn Ferry had a return on equity of 15.68% and a net margin of 5.20%. The firm had revenue of $490.76 million for the quarter, compared to the consensus estimate of $496.76 million. During the same period in the previous year, the business earned $0.80 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year.
Shares of Korn Ferry stock traded down $0.45 during trading on Monday, reaching $39.24. The company’s stock had a trading volume of 491,076 shares, compared to its average volume of 588,262. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.18. Korn Ferry has a 12-month low of $37.08 and a 12-month high of $68.98. The firm has a market capitalization of $2.21 billion, a P/E ratio of 11.85 and a beta of 1.16. The business’s 50 day simple moving average is $41.98.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 2nd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, July 1st. This represents a $0.40 dividend on an annualized basis and a yield of 1.02%. Korn Ferry’s payout ratio is 12.08%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Foundry Partners LLC boosted its position in shares of Korn Ferry by 7.4% in the second quarter. Foundry Partners LLC now owns 113,738 shares of the business services provider’s stock worth $4,557,000 after buying an additional 7,863 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Korn Ferry in the second quarter worth about $290,000. CWM Advisors LLC purchased a new stake in shares of Korn Ferry in the second quarter worth about $206,000. Oregon Public Employees Retirement Fund boosted its holdings in Korn Ferry by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,349 shares of the business services provider’s stock valued at $896,000 after purchasing an additional 400 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Korn Ferry by 42.9% in the first quarter. First Trust Advisors LP now owns 47,934 shares of the business services provider’s stock valued at $2,146,000 after purchasing an additional 14,393 shares during the last quarter. Institutional investors own 89.63% of the company’s stock.
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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