Korn/Ferry International (NYSE:KFY) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.76-0.84 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.81. The company issued revenue guidance of $470-490 million, compared to the consensus revenue estimate of $479.55 million.
Shares of KFY stock traded up $0.24 during mid-day trading on Thursday, hitting $63.97. The company’s stock had a trading volume of 700,504 shares, compared to its average volume of 423,804. Korn/Ferry International has a 52-week low of $33.41 and a 52-week high of $68.98. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market capitalization of $3.86 billion, a P/E ratio of 23.45 and a beta of 1.19.
Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Wednesday, June 13th. The business services provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.10. Korn/Ferry International had a return on equity of 13.26% and a net margin of 7.35%. The firm had revenue of $475.36 million during the quarter, compared to analysts’ expectations of $454.37 million. During the same quarter in the previous year, the business earned $0.62 earnings per share. The company’s revenue was up 17.1% on a year-over-year basis. analysts anticipate that Korn/Ferry International will post 3.22 earnings per share for the current year.
Several research analysts have recently weighed in on KFY shares. Sidoti boosted their price target on Korn/Ferry International from $65.00 to $80.00 in a research note on Thursday, June 14th. ValuEngine cut Korn/Ferry International from a strong-buy rating to a buy rating in a research note on Tuesday. Zacks Investment Research upgraded Korn/Ferry International from a hold rating to a buy rating and set a $72.00 price target for the company in a research note on Saturday, June 16th. SunTrust Banks boosted their price target on Korn/Ferry International to $72.00 and gave the stock a buy rating in a research note on Thursday, June 14th. Finally, Credit Suisse Group started coverage on Korn/Ferry International in a research note on Friday, August 10th. They issued an underperform rating and a $55.00 price target for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Korn/Ferry International has an average rating of Hold and an average target price of $60.67.
In related news, CEO Gary D. Burnison sold 20,000 shares of the company’s stock in a transaction on Tuesday, July 10th. The stock was sold at an average price of $63.35, for a total transaction of $1,267,000.00. Following the completion of the sale, the chief executive officer now owns 184,150 shares in the company, valued at $11,665,902.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Byrne K. Mulrooney sold 1,607 shares of the company’s stock in a transaction on Friday, July 13th. The shares were sold at an average price of $65.07, for a total value of $104,567.49. Following the sale, the chief executive officer now owns 74,680 shares of the company’s stock, valued at approximately $4,859,427.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,293 shares of company stock valued at $2,923,128. 0.91% of the stock is owned by company insiders.
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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