Korn Ferry (NYSE:KFY) – SunTrust Banks cut their Q4 2018 EPS estimates for Korn Ferry in a research report issued on Wednesday, according to Zacks Investment Research. SunTrust Banks analyst T. Sommer now anticipates that the business services provider will post earnings of $0.68 per share for the quarter, down from their prior estimate of $0.72. SunTrust Banks also issued estimates for Korn Ferry’s Q1 2019 earnings at $0.65 EPS, Q2 2019 earnings at $0.87 EPS, Q3 2019 earnings at $0.88 EPS, Q4 2019 earnings at $0.80 EPS and FY2019 earnings at $3.20 EPS.
Korn Ferry (NYSE:KFY) last issued its earnings results on Tuesday, March 6th. The business services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. Korn Ferry had a return on equity of 12.72% and a net margin of 6.83%. The firm had revenue of $447.60 million for the quarter, compared to the consensus estimate of $414.54 million. During the same quarter in the prior year, the business earned $0.53 earnings per share. The company’s revenue was up 17.2% compared to the same quarter last year.
KFY has been the topic of a number of other research reports. Goldman Sachs started coverage on Korn Ferry in a research note on Tuesday, March 27th. They issued a “buy” rating on the stock. Zacks Investment Research upgraded Korn Ferry from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Friday, March 9th. Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 price target on shares of Korn Ferry in a report on Thursday, December 7th. Finally, ValuEngine raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $43.80.
Shares of KFY traded down $0.90 during mid-day trading on Friday, reaching $50.69. The company had a trading volume of 467,133 shares, compared to its average volume of 411,189. Korn Ferry has a 52-week low of $29.84 and a 52-week high of $52.17. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $2,915.50, a price-to-earnings ratio of 20.31 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Monday, March 26th will be issued a $0.10 dividend. The ex-dividend date is Friday, March 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.79%. Korn Ferry’s payout ratio is 17.86%.
In other news, Director Angel R. Martinez bought 2,000 shares of Korn Ferry stock in a transaction on Friday, March 23rd. The stock was acquired at an average price of $50.30 per share, with a total value of $100,600.00. Following the completion of the acquisition, the director now directly owns 5,030 shares of the company’s stock, valued at $253,009. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Debra J. Perry sold 5,520 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $51.00, for a total value of $281,520.00. Following the transaction, the director now directly owns 26,452 shares of the company’s stock, valued at approximately $1,349,052. The disclosure for this sale can be found here. Corporate insiders own 1.01% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Advisors Preferred LLC acquired a new position in shares of Korn Ferry during the fourth quarter valued at approximately $159,000. LS Investment Advisors LLC increased its holdings in shares of Korn Ferry by 138.0% in the fourth quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock valued at $193,000 after purchasing an additional 2,701 shares during the last quarter. CAPROCK Group Inc. acquired a new stake in shares of Korn Ferry in the fourth quarter valued at approximately $208,000. Shelton Capital Management acquired a new stake in shares of Korn Ferry in the third quarter valued at approximately $218,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Korn Ferry in the fourth quarter valued at approximately $237,000. 88.61% of the stock is owned by institutional investors and hedge funds.
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Korn Ferry Company Profile
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 recruitment services that are used 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 industries.
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