Brokerages Anticipate Korn/Ferry International (KFY) Will Post Quarterly Sales of $421.10 Million

Analysts predict that Korn/Ferry International (NYSE:KFY) will post $421.10 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Korn/Ferry International’s earnings, with estimates ranging from $417.77 million to $425.84 million. Korn/Ferry International posted sales of $401.92 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The business is scheduled to issue its next earnings results on Wednesday, December 6th.

On average, analysts expect that Korn/Ferry International will report full year sales of $421.10 million for the current financial year, with estimates ranging from $1.63 billion to $1.66 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.73 billion per share, with estimates ranging from $1.69 billion to $1.76 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last posted its earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $401.25 million for the quarter, compared to analysts’ expectations of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share.

A number of analysts recently issued reports on KFY shares. Deutsche Bank AG lifted their target price on Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 7th. SunTrust Banks, Inc. lifted their target price on Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. BidaskClub downgraded Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Sidoti started coverage on Korn/Ferry International in a research report on Monday, June 12th. They set a “buy” rating and a $43.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.67.

Korn/Ferry International (KFY) opened at 39.78 on Monday. The company has a 50-day moving average of $36.03 and a 200 day moving average of $33.57. Korn/Ferry International has a 12-month low of $19.94 and a 12-month high of $40.64. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 20.79 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 27th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, September 26th. Korn/Ferry International’s payout ratio is 20.83%.

WARNING: “Brokerages Anticipate Korn/Ferry International (KFY) Will Post Quarterly Sales of $421.10 Million” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://ledgergazette.com/2017/10/09/brokerages-anticipate-kornferry-international-kfy-will-post-quarterly-sales-of-421-10-million.html.

In other news, CFO Robert P. Rozek sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.04, for a total transaction of $480,480.00. Following the completion of the sale, the chief financial officer now owns 93,522 shares in the company, valued at $3,744,620.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jerry Leamon sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.06, for a total value of $320,480.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,837 shares of company stock valued at $5,503,941. 1.01% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Korn/Ferry International by 25.6% during the first quarter. Bank of America Corp DE now owns 521,885 shares of the business services provider’s stock worth $16,433,000 after acquiring an additional 106,520 shares during the period. Legal & General Group Plc grew its holdings in Korn/Ferry International by 9.7% during the second quarter. Legal & General Group Plc now owns 111,533 shares of the business services provider’s stock worth $3,852,000 after acquiring an additional 9,854 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Korn/Ferry International by 3.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 322,159 shares of the business services provider’s stock worth $10,145,000 after acquiring an additional 11,381 shares during the period. Principal Financial Group Inc. grew its holdings in Korn/Ferry International by 2.6% during the first quarter. Principal Financial Group Inc. now owns 443,964 shares of the business services provider’s stock worth $13,981,000 after acquiring an additional 11,428 shares during the period. Finally, Gotham Asset Management LLC acquired a new position in Korn/Ferry International during the first quarter worth $758,000. Institutional investors and hedge funds own 88.92% of the company’s stock.

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.

Get a free copy of the Za

On average, analysts expect that Korn/Ferry International will report full year sales of $421.10 million for the current financial year, with estimates ranging from $1.63 billion to $1.66 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.73 billion per share, with estimates ranging from $1.69 billion to $1.76 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last posted its earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $401.25 million for the quarter, compared to analysts’ expectations of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share.

A number of analysts recently issued reports on KFY shares. Deutsche Bank AG lifted their target price on Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 7th. SunTrust Banks, Inc. lifted their target price on Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. BidaskClub downgraded Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Sidoti started coverage on Korn/Ferry International in a research report on Monday, June 12th. They set a “buy” rating and a $43.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $41.67.

Korn/Ferry International (KFY) opened at 39.78 on Monday. The company has a 50-day moving average of $36.03 and a 200 day moving average of $33.57. Korn/Ferry International has a 12-month low of $19.94 and a 12-month high of $40.64. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 20.79 and a beta of 1.40.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 27th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Tuesday, September 26th. Korn/Ferry International’s payout ratio is 20.83%.

WARNING: “Brokerages Anticipate Korn/Ferry International (KFY) Will Post Quarterly Sales of $421.10 Million” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://ledgergazette.com/2017/10/09/brokerages-anticipate-kornferry-international-kfy-will-post-quarterly-sales-of-421-10-million.html.

In other news, CFO Robert P. Rozek sold 12,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $40.04, for a total transaction of $480,480.00. Following the completion of the sale, the chief financial officer now owns 93,522 shares in the company, valued at $3,744,620.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jerry Leamon sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $40.06, for a total value of $320,480.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,837 shares of company stock valued at $5,503,941. 1.01% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Korn/Ferry International by 25.6% during the first quarter. Bank of America Corp DE now owns 521,885 shares of the business services provider’s stock worth $16,433,000 after acquiring an additional 106,520 shares during the period. Legal & General Group Plc grew its holdings in Korn/Ferry International by 9.7% during the second quarter. Legal & General Group Plc now owns 111,533 shares of the business services provider’s stock worth $3,852,000 after acquiring an additional 9,854 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Korn/Ferry International by 3.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 322,159 shares of the business services provider’s stock worth $10,145,000 after acquiring an additional 11,381 shares during the period. Principal Financial Group Inc. grew its holdings in Korn/Ferry International by 2.6% during the first quarter. Principal Financial Group Inc. now owns 443,964 shares of the business services provider’s stock worth $13,981,000 after acquiring an additional 11,428 shares during the period. Finally, Gotham Asset Management LLC acquired a new position in Korn/Ferry International during the first quarter worth $758,000. Institutional investors and hedge funds own 88.92% of the company’s stock.

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.

Get a free copy of the Zacks research report on Korn/Ferry International (KFY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Korn/Ferry International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Korn/Ferry International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply