Korn/Ferry International (NYSE:KFY) issued its quarterly earnings results on Wednesday. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.03, Briefing.com reports. The company had revenue of $443.02 million during the quarter, compared to analyst estimates of $424.09 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. Korn/Ferry International’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. Korn/Ferry International updated its Q3 guidance to $0.54-0.62 EPS.
Korn/Ferry International (KFY) traded down $0.18 during trading hours on Wednesday, reaching $42.06. 395,900 shares of the company’s stock were exchanged, compared to its average volume of 347,145. The company has a market cap of $2,386.24, a price-to-earnings ratio of 18.44 and a beta of 1.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.13 and a current ratio of 2.13. Korn/Ferry International has a 1-year low of $25.93 and a 1-year high of $44.08.
Several research analysts recently issued reports on the stock. BidaskClub lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. SunTrust Banks increased their price target on shares of Korn/Ferry International from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research lowered shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. ValuEngine lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Robert W. Baird restated a “hold” rating and set a $37.00 price objective on shares of Korn/Ferry International in a research note on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.80.
In other Korn/Ferry International news, Director Jerry Leamon sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total transaction of $320,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gary D. Burnison sold 50,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $40.02, for a total transaction of $2,001,000.00. Following the sale, the chief executive officer now owns 198,700 shares of the company’s stock, valued at $7,951,974. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,000 shares of company stock valued at $2,801,960. 1.01% of the stock is owned by company insiders.
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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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