Equities research analysts forecast that Korn/Ferry International (NYSE:KFY) will announce $0.80 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Korn/Ferry International’s earnings. The lowest EPS estimate is $0.80 and the highest is $0.81. Korn/Ferry International reported earnings per share of $0.67 during the same quarter last year, which would suggest a positive year-over-year growth rate of 19.4%. The firm is scheduled to announce its next earnings results on Wednesday, December 5th.

On average, analysts expect that Korn/Ferry International will report full year earnings of $3.30 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.36. For the next year, analysts anticipate that the company will post earnings of $3.57 per share, with EPS estimates ranging from $3.51 to $3.67. Zacks’ earnings per share averages are an average based on a survey of analysts that follow Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last announced its earnings results on Thursday, September 6th. The business services provider reported $0.78 earnings per share 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 firm had revenue of $465.60 million for the quarter, compared to the consensus estimate of $458.24 million. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis.

Several analysts have weighed in on KFY shares. Zacks Investment Research downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. Credit Suisse Group started coverage on Korn/Ferry International in a research note on Friday, August 10th. They set an “underperform” rating and a $55.00 price target on the stock. TheStreet downgraded Korn/Ferry International from an “a-” rating to a “c+” rating in a research note on Friday, September 7th. ValuEngine downgraded Korn/Ferry International from a “buy” rating to a “hold” rating in a research note on Monday, September 10th. Finally, SunTrust Banks boosted their price target on Korn/Ferry International to $72.00 and gave the company a “buy” rating in a research note on Thursday, June 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Korn/Ferry International currently has a consensus rating of “Hold” and an average target price of $61.40.

In other news, CEO Gary D. Burnison sold 20,000 shares of the company’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $63.35, for a total value of $1,267,000.00. Following the sale, the chief executive officer now owns 184,150 shares in the company, valued at $11,665,902.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Robert P. Rozek sold 19,302 shares of the company’s stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $63.28, for a total value of $1,221,430.56. Following the completion of the sale, 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. In the last quarter, insiders have sold 46,293 shares of company stock worth $2,923,128. Company insiders own 0.91% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Korn/Ferry International by 10.1% in the second quarter. BlackRock Inc. now owns 8,208,282 shares of the business services provider’s stock worth $508,338,000 after buying an additional 751,080 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Korn/Ferry International by 5.9% in the second quarter. Northern Trust Corp now owns 1,445,753 shares of the business services provider’s stock worth $89,535,000 after buying an additional 80,821 shares during the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Korn/Ferry International by 2.6% in the first quarter. OppenheimerFunds Inc. now owns 1,268,871 shares of the business services provider’s stock worth $65,461,000 after buying an additional 32,311 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Korn/Ferry International by 19.2% in the first quarter. Principal Financial Group Inc. now owns 1,073,534 shares of the business services provider’s stock worth $55,384,000 after buying an additional 172,847 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in shares of Korn/Ferry International by 7.6% in the first quarter. Nuveen Asset Management LLC now owns 682,584 shares of the business services provider’s stock worth $35,215,000 after buying an additional 48,251 shares during the last quarter. Hedge funds and other institutional investors own 90.42% of the company’s stock.

Shares of KFY stock opened at $49.23 on Friday. Korn/Ferry International has a 1-year low of $38.07 and a 1-year high of $68.98. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.80 billion, a P/E ratio of 18.10 and a beta of 1.20.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.40 annualized dividend and a yield of 0.81%. Korn/Ferry International’s payout ratio is presently 14.71%.

Korn/Ferry International Company Profile

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

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