Korn Ferry (NYSE:KFY) Updates Q1 2020 Earnings Guidance
Korn Ferry (NYSE:KFY) updated its first quarter 2020 earnings guidance on Thursday. The company provided earnings per share guidance of $0.73-0.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.80. Korn Ferry also updated its Q1 guidance to $0.73-0.81 EPS.
Several research firms have recently issued reports on KFY. ValuEngine lowered shares of Korn Ferry from a hold rating to a sell rating in a research note on Saturday. SunTrust Banks reduced their target price on shares of Korn Ferry to $58.00 and set a buy rating for the company in a research note on Friday. Zacks Investment Research lowered shares of Korn Ferry from a hold rating to a sell rating in a research note on Wednesday, May 8th. Finally, William Blair reiterated an outperform rating on shares of Korn Ferry in a research note on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $49.33.
NYSE KFY opened at $40.05 on Friday. Korn Ferry has a 1 year low of $37.08 and a 1 year high of $68.98. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.09 and a quick ratio of 2.09. The firm has a market capitalization of $2.26 billion, a PE ratio of 12.10 and a beta of 1.29.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Tuesday, July 2nd will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.00%. Korn Ferry’s payout ratio is currently 12.08%.
About Korn Ferry
Korn Ferry, 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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