Equities analysts predict that Korn Ferry (NYSE:KFY) will report sales of $474.99 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Korn Ferry’s earnings. The lowest sales estimate is $471.27 million and the highest is $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 expected to announce its next 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 fiscal year, with estimates ranging from $1.94 billion to $2.00 billion. For the next fiscal year, analysts expect that the business will post sales of $2.07 billion, with estimates ranging from $1.99 billion to $2.12 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Korn Ferry.
Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Thursday, June 20th. The business services provider reported $0.88 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.88. The firm had revenue of $490.76 million during the quarter, compared to analysts’ expectations of $496.76 million. Korn Ferry had a return on equity of 15.68% and a net margin of 5.20%. Korn Ferry’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.80 EPS.
Large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in shares of Korn Ferry by 1,403.1% in the 1st quarter. Parallel Advisors LLC now owns 1,969 shares of the business services provider’s stock valued at $88,000 after purchasing an additional 1,838 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Korn Ferry by 14.5% in the 1st quarter. Advisors Asset Management Inc. now owns 3,090 shares of the business services provider’s stock valued at $138,000 after purchasing an additional 392 shares during the period. Advisor Group Inc. boosted its position in shares of Korn Ferry by 8.8% in the 4th quarter. Advisor Group Inc. now owns 4,080 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 330 shares during the period. CWM Advisors LLC acquired a new position in shares of Korn Ferry in the 2nd quarter valued at $206,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in shares of Korn Ferry in the 4th quarter valued at $222,000. Institutional investors and hedge funds own 89.63% of the company’s stock.
Shares of KFY stock traded up $0.88 on Monday, hitting $39.79. 15,809 shares of the stock traded hands, compared to its average volume of 599,197. The company has a quick ratio of 2.06, a current ratio of 2.06 and a debt-to-equity ratio of 0.18. The company has a market cap of $2.20 billion, a P/E ratio of 12.02 and a beta of 1.16. Korn Ferry has a 1-year low of $37.08 and a 1-year high of $68.98. The stock’s fifty day moving average is $42.15.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 2nd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, July 1st. This represents a $0.40 annualized dividend and a yield of 1.01%. Korn Ferry’s dividend payout ratio is currently 12.08%.
Korn Ferry Company Profile
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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