Korn/Ferry International (KFY) Updates Q3 Earnings Guidance
Korn/Ferry International (NYSE:KFY) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.77-0.85 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.80. The company issued revenue guidance of $470-490 million, compared to the consensus revenue estimate of $477.45 million.
A number of research firms have recently commented on KFY. Zacks Investment Research raised shares of Korn/Ferry International from a hold rating to a buy rating and set a $55.00 target price for the company in a report on Tuesday, September 11th. ValuEngine lowered shares of Korn/Ferry International from a strong-buy rating to a buy rating in a report on Tuesday, September 4th. TheStreet lowered shares of Korn/Ferry International from an a- rating to a c+ rating in a report on Friday, September 7th. Finally, Credit Suisse Group started coverage on shares of Korn/Ferry International in a report on Friday, August 10th. They issued an underperform rating and a $55.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $61.40.
NYSE KFY traded down $2.10 during trading hours on Thursday, reaching $43.13. The company’s stock had a trading volume of 17,499 shares, compared to its average volume of 387,154. The firm has a market cap of $2.58 billion, a PE ratio of 15.90 and a beta of 1.18. Korn/Ferry International has a 52 week low of $38.53 and a 52 week high of $68.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.14 and a quick ratio of 2.14.
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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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