Korn/Ferry International (KFY) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Korn/Ferry International (NYSE:KFY) issued its earnings results on Wednesday. The business services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.02, RTT News reports. The firm had revenue of $401.25 million for the quarter, compared to analysts’ expectations of $392.91 million. Korn/Ferry International had a net margin of 5.19% and a return on equity of 12.14%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. Korn/Ferry International updated its Q2 guidance to $0.58-0.66 EPS.
Korn/Ferry International (NYSE:KFY) traded up 0.03% during mid-day trading on Wednesday, reaching $33.20. 424,509 shares of the company’s stock were exchanged. The company’s 50 day moving average price is $33.11 and its 200-day moving average price is $32.51. The company has a market capitalization of $1.89 billion, a P/E ratio of 22.65 and a beta of 1.39. Korn/Ferry International has a 52 week low of $19.94 and a 52 week high of $36.07.
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In other Korn/Ferry International news, CFO Robert P. Rozek sold 11,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $34.48, for a total value of $379,280.00. Following the completion of the transaction, the chief financial officer now owns 111,782 shares in the company, valued at approximately $3,854,243.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gary D. Burnison sold 58,837 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $34.41, for a total value of $2,024,581.17. Following the completion of the transaction, the chief executive officer now owns 251,485 shares of the company’s stock, valued at approximately $8,653,598.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 183,837 shares of company stock valued at $6,336,501. 1.01% of the stock is owned by company insiders.
Several analysts recently weighed in on the stock. Sidoti assumed coverage on shares of Korn/Ferry International in a report on Monday, June 12th. They issued a “buy” rating and a $43.00 target price on the stock. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Finally, BidaskClub cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $33.67.
Korn/Ferry International Company Profile
Korn/Ferry International (Korn Ferry) is a people and organizational advisory company. The Company and its subsidiaries are engaged in the provision of talent management solutions, including executive search on a retained basis, recruitment for non-executive professionals, recruitment process outsourcing, and leadership and talent consulting services.
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