Korn/Ferry International (NYSE:KFY) – Equities researchers at SunTrust Banks lifted their Q2 2019 earnings per share (EPS) estimates for Korn/Ferry International in a note issued to investors on Thursday, September 6th. SunTrust Banks analyst T. Sommer now forecasts that the business services provider will earn $0.80 per share for the quarter, up from their prior estimate of $0.78. SunTrust Banks has a “Buy” rating and a $72.00 price target on the stock. SunTrust Banks also issued estimates for Korn/Ferry International’s Q3 2019 earnings at $0.82 EPS, Q4 2019 earnings at $0.96 EPS, FY2019 earnings at $3.36 EPS, Q1 2020 earnings at $0.81 EPS, Q2 2020 earnings at $0.93 EPS, Q3 2020 earnings at $0.90 EPS, Q4 2020 earnings at $1.03 EPS and FY2020 earnings at $3.67 EPS.

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, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.07. Korn/Ferry International had a net margin of 3.51% and a return on equity of 14.22%. 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 company earned $0.55 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis.

Several other equities analysts also recently commented on the stock. 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 on the stock. Zacks Investment Research downgraded shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, August 30th. Sidoti upped their price objective on shares of Korn/Ferry International from $65.00 to $80.00 in a report on Thursday, June 14th. Finally, ValuEngine downgraded shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. One research 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. The company has a consensus rating of “Hold” and a consensus price target of $64.80.

NYSE:KFY opened at $48.97 on Monday. Korn/Ferry International has a one year low of $34.80 and a one year high of $68.98. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 18.00 and a beta of 1.19. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.82 and a current ratio of 1.82.

Several institutional investors have recently made changes to their positions in KFY. Advisors Preferred LLC boosted its position in shares of Korn/Ferry International by 102.6% in the second quarter. Advisors Preferred LLC now owns 1,732 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 877 shares during the period. Point72 Asia Hong Kong Ltd boosted its position in shares of Korn/Ferry International by 221.8% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,095 shares of the business services provider’s stock valued at $108,000 after acquiring an additional 1,444 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of Korn/Ferry International in the second quarter valued at about $142,000. First Mercantile Trust Co. bought a new stake in shares of Korn/Ferry International in the first quarter valued at about $152,000. Finally, BlueMountain Capital Management LLC bought a new stake in shares of Korn/Ferry International in the second quarter valued at about $157,000. 89.66% of the stock is owned by institutional investors.

In other news, CFO Robert P. Rozek sold 19,302 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer now owns 81,608 shares of the company’s stock, valued at $5,164,154.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Debra J. Perry sold 3,422 shares of the business’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $60.26, for a total transaction of $206,209.72. Following the completion of the sale, the director now directly owns 23,030 shares of the company’s stock, valued at approximately $1,387,787.80. The disclosure for this sale can be found here. In the last three months, insiders sold 46,293 shares of company stock valued at $2,923,128. 0.91% of the stock is currently owned by company insiders.

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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