Equities research analysts expect Korn/Ferry International (NYSE:KFY) to post sales of $482.92 million for the current quarter, Zacks reports. Three analysts have made estimates for Korn/Ferry International’s earnings, with the highest sales estimate coming in at $486.58 million and the lowest estimate coming in at $479.58 million. Korn/Ferry International posted sales of $443.02 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, December 5th.
According to Zacks, analysts expect that Korn/Ferry International will report full-year sales of $1.93 billion for the current financial year, with estimates ranging from $1.91 billion to $1.94 billion. For the next fiscal year, analysts forecast that the company will report sales of $2.04 billion, with estimates ranging from $2.00 billion to $2.06 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Korn/Ferry International.
Korn/Ferry International (NYSE:KFY) last issued its earnings results on Thursday, September 6th. The business services provider reported $0.78 EPS for the quarter, beating the consensus estimate of $0.71 by $0.07. The company had revenue of $465.60 million during the quarter, compared to analysts’ expectations of $458.24 million. Korn/Ferry International had a net margin of 3.51% and a return on equity of 14.26%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 EPS.
Institutional investors and hedge funds have recently bought and sold shares of the business. USA Financial Portformulas Corp bought a new stake in Korn/Ferry International during the 3rd quarter worth approximately $106,000. Advisors Preferred LLC grew its holdings in Korn/Ferry International by 102.6% during the 2nd quarter. Advisors Preferred LLC now owns 1,732 shares of the business services provider’s stock worth $107,000 after acquiring an additional 877 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Korn/Ferry International during the 2nd quarter worth approximately $142,000. BlueMountain Capital Management LLC bought a new stake in Korn/Ferry International during the 2nd quarter worth approximately $157,000. Finally, First Quadrant L P CA bought a new stake in Korn/Ferry International during the 3rd quarter worth approximately $174,000. 88.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Korn/Ferry International stock traded down $1.43 during midday trading on Friday, hitting $45.74. 292,000 shares of the company traded hands, compared to its average volume of 478,567. The firm has a market capitalization of $2.68 billion, a PE ratio of 16.82 and a beta of 1.14. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.18. Korn/Ferry International has a 12 month low of $38.53 and a 12 month high of $68.98.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Thursday, September 27th. Korn/Ferry International’s dividend payout ratio (DPR) is presently 14.71%.
About Korn/Ferry International
Korn/Ferry International, 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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