Korn/Ferry International (KFY) Releases Q3 Earnings Guidance
Korn/Ferry International (NYSE:KFY) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.54-0.62 for the period, compared to the Thomson Reuters consensus estimate of $0.57. The company issued revenue guidance of $406-426 million, compared to the consensus revenue estimate of $402.99 million.
Shares of Korn/Ferry International (KFY) traded down $0.18 during trading hours on Wednesday, reaching $42.06. 395,900 shares of the company were exchanged, compared to its average volume of 347,145. The company has a market capitalization of $2,386.24, a PE ratio of 18.44 and a beta of 1.35. Korn/Ferry International has a 12-month low of $25.93 and a 12-month high of $44.08. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.13 and a quick ratio of 2.13.
Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings data on Wednesday, December 6th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. The firm had revenue of $443.02 million during the quarter, compared to analysts’ expectations of $424.09 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. Korn/Ferry International’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 earnings per share. equities analysts anticipate that Korn/Ferry International will post 2.45 earnings per share for the current year.
In other news, CFO Robert P. Rozek sold 12,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $40.04, for a total transaction of $480,480.00. Following the completion of the transaction, the chief financial officer now owns 93,522 shares of the company’s stock, valued at $3,744,620.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jerry Leamon sold 8,000 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total transaction of $320,480.00. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock valued at $2,801,960 over the last 90 days. Corporate insiders own 1.01% of the company’s stock.
About Korn/Ferry International
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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