Korn/Ferry International (KFY) Releases Earnings Results, Beats Expectations By $0.03 EPS

Korn/Ferry International (NYSE:KFY) released its earnings results on Tuesday. The business services provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03, Bloomberg Earnings reports. Korn/Ferry International had a return on equity of 12.03% and a net margin of 3.90%. The firm had revenue of $419.60 million during the quarter, compared to the consensus estimate of $405.33 million. During the same quarter in the previous year, the company posted $0.58 earnings per share. The company’s revenue was up .6% compared to the same quarter last year. Korn/Ferry International updated its Q1 guidance to $0.48-0.56 EPS.

Shares of Korn/Ferry International (KFY) traded down 0.27% on Tuesday, reaching $33.72. The company had a trading volume of 357,797 shares. The firm has a market capitalization of $1.93 billion, a P/E ratio of 30.65 and a beta of 1.41. The company’s 50-day moving average price is $32.64 and its 200 day moving average price is $30.82. Korn/Ferry International has a 52 week low of $18.57 and a 52 week high of $34.14.

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

A number of equities research analysts recently commented on the company. Sidoti assumed coverage on Korn/Ferry International in a report on Monday, June 12th. They set a “buy” rating and a $43.00 target price for the company. William Blair raised Korn/Ferry International from a “market perform” rating to an “outperform” rating in a report on Monday, April 10th. Finally, Tigress Financial assumed coverage on Korn/Ferry International in a report on Monday, March 20th. They set a “neutral” rating for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Korn/Ferry International currently has an average rating of “Hold” and an average price target of $30.60.

A number of hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its stake in Korn/Ferry International by 5.8% in the first quarter. Goldman Sachs Group Inc. now owns 128,244 shares of the business services provider’s stock worth $4,038,000 after buying an additional 7,007 shares during the last quarter. Paloma Partners Management Co bought a new stake in Korn/Ferry International during the first quarter worth $1,902,000. Gotham Asset Management LLC bought a new stake in Korn/Ferry International during the first quarter worth $758,000. Highbridge Capital Management LLC bought a new stake in Korn/Ferry International during the first quarter worth $246,000. Finally, State Street Corp boosted its stake in Korn/Ferry International by 6.6% in the first quarter. State Street Corp now owns 1,313,864 shares of the business services provider’s stock worth $41,372,000 after buying an additional 80,887 shares during the last quarter. 90.85% of the stock is owned by institutional investors.

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Korn/Ferry International Company Profile

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.

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