Korn Ferry (NYSE:KFY) updated its second quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.76-0.84 for the period, compared to the Thomson Reuters consensus estimate of $0.90. The company issued revenue guidance of $485-505 million, compared to the consensus revenue estimate of $500.20 million.Korn Ferry also updated its Q2 2020 guidance to $0.76-0.84 EPS.
A number of research firms recently weighed in on KFY. Zacks Investment Research upgraded Korn Ferry from a sell rating to a hold rating in a research note on Thursday, August 22nd. SunTrust Banks dropped their price target on Korn Ferry to $58.00 and set a buy rating on the stock in a research note on Friday, June 21st. Finally, ValuEngine upgraded Korn Ferry from a strong sell rating to a sell rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $49.33.
KFY stock traded up $0.61 during trading hours on Thursday, hitting $39.36. 937,100 shares of the stock were exchanged, compared to its average volume of 344,134. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2.15 billion, a P/E ratio of 11.89 and a beta of 1.17. The company has a 50-day simple moving average of $38.72 and a two-hundred day simple moving average of $43.54. Korn Ferry has a 12 month low of $36.68 and a 12 month high of $64.23.
Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, June 20th. The business services provider reported $0.88 earnings per share for the quarter, hitting the consensus estimate of $0.88. The firm had revenue of $490.76 million for 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%. The company’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 EPS. On average, equities research analysts predict that Korn Ferry will post 3.49 earnings per share for the current year.
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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