Korn Ferry (NYSE:KFY) expected to post quarterly sales of $654.10 million

According to Zacks. Two analysts have made estimates of Korn Ferry’s earnings, with the lowest sales estimate of $653.00 million and the highest estimate of $655.19 million. Korn Ferry posted sales of $475.36 million in the same quarter last year, suggesting a positive year-over-year growth rate of 37.6%. The company is expected to announce its next quarterly results on Monday, February 28.

According to Zacks, analysts expect Korn Ferry to report annual sales of $2.53 billion for the current year, with estimates ranging from $2.51 billion to $2.55 billion. For next year, analysts expect the company to post sales of $2.61 billion, with estimates ranging from $2.57 billion to $2.66 billion. Zacks Investment Research’s sales averages are an average average based on a survey of sell-side analysts who cover Korn Ferry.

Korn Ferry Inc (NYSE:KFY) last reported quarterly results on Wednesday, December 8. The business services provider reported EPS of $1.53 for the quarter, beating consensus analyst estimates of $1.37 by $0.16. Korn Ferry had a return on equity of 19.88% and a net margin of 11.83%. The company posted revenue of $639.40 million in the quarter, compared to $604.67 million expected by analysts. During the same period a year earlier, the company posted EPS of $0.54. Korn Ferry revenue increased 46.9% year-on-year.

Several research companies have weighed in on KFY. Robert W. Baird raised his price target on Korn Ferry from $98.00 to $106.00 and gave the stock an “outperform” rating in a Thursday, Dec. 9 research report. Zacks Investment Research upgraded Korn Ferry from a “hold” rating to a “buy” rating and set a price target of $92.00 for the stock in a Friday, Nov. 19 research note.

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In related news, CEO Gary D. Burnison sold 9,779 shares of the company in a trade that took place on Wednesday, January 5. The stock was sold at an average price of $77.72, for a total transaction of $760,023.88. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. 1.50% of the shares are currently held by insiders.

Hedge funds have recently been buying and selling stocks. CIBC Asset Management Inc. increased its holdings of Korn Ferry shares by 3.3% in the third quarter. CIBC Asset Management Inc. now owns 4,589 shares of the business services provider worth $332,000 after buying an additional 147 shares last quarter. O Shaughnessy Asset Management LLC increased its holdings of Korn Ferry shares by 30.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 686 shares of the business services provider worth $50,000 after acquiring an additional 159 shares during the period. Leuthold Group LLC increased its holdings of Korn Ferry shares by 0.3% in the third quarter. Leuthold Group LLC now owns 56,844 shares of the business services provider worth $4,113,000 after acquiring an additional 177 shares during the period. Liberty Wealth Management LLC increased its holdings of Korn Ferry shares by 100.0% in the third quarter. Liberty Wealth Management LLC now owns 364 shares of the business services provider worth $28,000 after acquiring an additional 182 shares during the period. Finally, Amalgamated Bank increased its holdings of Korn Ferry shares by 0.7% in the third quarter. Amalgamated Bank now owns 26,558 shares of the business services provider worth $1,922,000 after acquiring an additional 194 shares during the period. 92.97% of the shares are held by institutional investors.

Shares of Korn Ferry stock opened at $67.95 on Wednesday. The firm’s fifty-day simple moving average is $73.43. Korn Ferry has a 1 year minimum of $47.50 and a 1 year maximum of $84.68. The company has a market capitalization of $3.70 billion, a P/E ratio of 13.87 and a beta of 1.50. The company has a quick ratio of 2.22, a current ratio of 2.22 and a leverage ratio of 0.27.

The company also recently announced a quarterly dividend, which was paid on Friday, January 14. Shareholders of record on Tuesday, December 21 received a dividend of $0.12. The ex-dividend date was Monday, December 20. This represents a dividend of $0.48 on an annualized basis and a yield of 0.71%. Korn Ferry’s dividend payout ratio is currently 9.80%.

About Korn Ferry

Korn Ferry operates as a global organizational consulting firm, committed to synchronizing its clients’ strategy, operations and talent to drive superior business performance. It operates through the following segments: Consulting, Digital, Executive Search North America, Executive Search EMEA, Executive Search Asia Pacific, Executive Search Latin America, and RPO & Professional Search.

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Earnings history and estimates for Korn Ferry (NYSE:KFY)

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