Korn/Ferry International (NYSE:KFY) – Stock analysts at William Blair reduced their Q2 2018 earnings per share estimates for Korn/Ferry International in a report issued on Thursday. William Blair analyst T. Mchugh now expects that the business services provider will earn $0.63 per share for the quarter, down from their previous estimate of $0.64. William Blair also issued estimates for Korn/Ferry International’s Q4 2018 earnings at $0.66 EPS and FY2019 earnings at $2.63 EPS.

Korn/Ferry International (NYSE:KFY) last posted its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.02. The business had revenue of $401.25 million for the quarter, compared to analysts’ expectations of $392.91 million. Korn/Ferry International had a return on equity of 12.03% and a net margin of 6.69%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. WARNING: This news story was first reported by American Banking News and is the property of of American Banking News. If you are reading this news story on another site, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/09/11/kornferry-international-expected-to-post-q2-2018-earnings-of-0-63-per-share-kfy.html.

Several other research firms also recently commented on KFY. BidaskClub raised shares of Korn/Ferry International from a “buy” rating to a “strong-buy” rating in a report on Friday, June 23rd. Zacks Investment Research downgraded shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Sidoti assumed coverage on shares of Korn/Ferry International in a report on Monday, June 12th. They set a “buy” rating and a $43.00 price objective for the company. SunTrust Banks, Inc. increased their price objective on shares of Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday. Finally, Deutsche Bank AG increased their price objective on shares of Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $39.25.

Korn/Ferry International (KFY) opened at 35.19 on Monday. The company has a market cap of $2.00 billion, a PE ratio of 24.00 and a beta of 1.39. The company has a 50-day moving average price of $33.11 and a 200 day moving average price of $32.56. Korn/Ferry International has a 12-month low of $19.94 and a 12-month high of $36.84.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Wednesday, September 27th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Tuesday, September 26th. Korn/Ferry International’s dividend payout ratio (DPR) is presently 20.83%.

In related news, CFO Robert P. Rozek sold 11,000 shares of the stock in a transaction dated Wednesday, June 28th. The shares were 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 of the company’s stock, valued at approximately $3,854,243.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Byrne K. Mulrooney sold 16,000 shares of the stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $34.61, for a total transaction of $553,760.00. Following the completion of the transaction, the chief executive officer now directly owns 104,712 shares of the company’s stock, valued at approximately $3,624,082.32. The disclosure for this sale can be found here. Insiders have sold a total of 183,837 shares of company stock valued at $6,336,501 in the last three months. Insiders own 1.01% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Bank of Montreal Can lifted its holdings in shares of Korn/Ferry International by 1.7% in the 2nd quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock valued at $110,000 after acquiring an additional 52 shares during the last quarter. Hanseatic Management Services Inc. lifted its holdings in shares of Korn/Ferry International by 1.1% in the 2nd quarter. Hanseatic Management Services Inc. now owns 7,129 shares of the business services provider’s stock valued at $246,000 after acquiring an additional 81 shares during the last quarter. Texas Permanent School Fund lifted its holdings in shares of Korn/Ferry International by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 41,924 shares of the business services provider’s stock valued at $1,448,000 after acquiring an additional 350 shares during the last quarter. Baskin Financial Services Inc. lifted its holdings in shares of Korn/Ferry International by 0.5% in the 2nd quarter. Baskin Financial Services Inc. now owns 119,817 shares of the business services provider’s stock valued at $4,137,000 after acquiring an additional 620 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in shares of Korn/Ferry International by 6.1% in the 1st quarter. Mason Street Advisors LLC now owns 13,427 shares of the business services provider’s stock valued at $423,000 after acquiring an additional 774 shares during the last quarter. 86.92% of the stock is owned by hedge funds and other institutional investors.

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.

Earnings History and Estimates for Korn/Ferry International (NYSE:KFY)

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