Korn/Ferry International (NYSE:KFY) announced a quarterly dividend on Wednesday, September 5th, Zacks reports. Shareholders of record on Friday, September 28th will be given a dividend of 0.10 per share by the business services provider on Monday, October 15th. This represents a $0.40 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, September 27th.
Korn/Ferry International stock traded down $0.45 during mid-day trading on Friday, hitting $49.15. The company had a trading volume of 1,549,146 shares, compared to its average volume of 910,902. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.18. Korn/Ferry International has a 12-month low of $37.94 and a 12-month high of $68.98. The firm has a market cap of $2.82 billion, a PE ratio of 18.07 and a beta of 1.19.
Korn/Ferry International (NYSE:KFY) last released its quarterly earnings data on Thursday, September 6th. The business services provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.07. Korn/Ferry International had a return on equity of 14.26% and a net margin of 3.51%. The business had revenue of $465.60 million for the quarter, compared to analyst estimates of $458.24 million. During the same quarter in the prior year, the firm posted $0.55 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. equities research analysts forecast that Korn/Ferry International will post 3.3 EPS for the current year.
Several equities research analysts have commented on KFY shares. Zacks Investment Research lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Thursday, August 30th. Credit Suisse Group started coverage on Korn/Ferry International in a research report on Friday, August 10th. They set an “underperform” rating and a $55.00 target price on the stock. TheStreet lowered Korn/Ferry International from an “a-” rating to a “c+” rating in a research report on Friday, September 7th. ValuEngine lowered Korn/Ferry International from a “buy” rating to a “hold” rating in a research report on Monday, September 10th. Finally, SunTrust Banks increased their target price on Korn/Ferry International to $72.00 and gave the company a “buy” rating in a research report on Thursday, June 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $61.40.
In other news, Director Debra J. Perry sold 3,422 shares of the stock in a transaction that occurred on Thursday, June 28th. The stock was sold at an average price of $60.26, for a total transaction of $206,209.72. Following the transaction, the director now owns 23,030 shares in the company, valued at approximately $1,387,787.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert P. Rozek sold 19,302 shares of the stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $63.28, for a total value of $1,221,430.56. Following the transaction, the chief financial officer now owns 81,608 shares in the company, valued at approximately $5,164,154.24. The disclosure for this sale can be found here. Insiders have sold a total of 46,293 shares of company stock worth $2,923,128 in the last quarter. Insiders own 0.91% of the company’s stock.
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.
Recommended Story: Fundamental Analysis and Choosing Stocks
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.