Brokerages expect Korn/Ferry International (NYSE:KFY) to post $421.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Korn/Ferry International’s earnings. The highest sales estimate is $425.84 million and the lowest is $417.77 million. Korn/Ferry International reported sales of $401.92 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, December 6th.

According to Zacks, analysts expect that Korn/Ferry International will report full-year sales of $421.10 million for the current financial year, with estimates ranging from $1.63 billion to $1.66 billion. For the next fiscal year, analysts expect that the business will post sales of $1.73 billion per share, with estimates ranging from $1.69 billion to $1.76 billion. Zacks’ sales calculations are an average based on a survey of research analysts that cover Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last issued its quarterly earnings results on Wednesday, September 6th. The business services provider reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The firm had revenue of $401.25 million for the quarter, compared to analyst estimates of $392.91 million. Korn/Ferry International had a net margin of 6.69% and a return on equity of 12.03%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS.

KFY has been the topic of several recent analyst reports. SunTrust Banks, Inc. lifted their price objective on shares of Korn/Ferry International from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, September 7th. Deutsche Bank AG lifted their price objective on shares of Korn/Ferry International from $34.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, September 7th. BidaskClub cut shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research cut shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, Sidoti initiated coverage on shares of Korn/Ferry International in a research report on Monday, June 12th. They set a “buy” rating and a $43.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Korn/Ferry International presently has an average rating of “Hold” and an average price target of $39.25.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Wednesday, September 27th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.06%. The ex-dividend date of this dividend is Tuesday, September 26th. Korn/Ferry International’s dividend payout ratio is presently 20.83%.

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In related news, CEO Byrne K. Mulrooney sold 8,000 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $34.61, for a total value of $276,880.00. Following the sale, the chief executive officer now owns 104,712 shares in the company, valued at $3,624,082.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Byrne K. Mulrooney sold 16,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $34.61, for a total transaction of $553,760.00. Following the completion of the sale, the chief executive officer now owns 104,712 shares in the company, valued at approximately $3,624,082.32. The disclosure for this sale can be found here. Insiders sold 183,837 shares of company stock worth $6,336,501 in the last 90 days. 1.01% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can increased its position in Korn/Ferry International by 1.7% in the second quarter. Bank of Montreal Can now owns 3,166 shares of the business services provider’s stock worth $110,000 after purchasing an additional 52 shares during the last quarter. Riverhead Capital Management LLC increased its position in Korn/Ferry International by 80.5% in the second quarter. Riverhead Capital Management LLC now owns 3,430 shares of the business services provider’s stock worth $118,000 after purchasing an additional 1,530 shares during the last quarter. SG Americas Securities LLC increased its position in Korn/Ferry International by 26.7% in the second quarter. SG Americas Securities LLC now owns 4,161 shares of the business services provider’s stock worth $144,000 after purchasing an additional 878 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in Korn/Ferry International in the first quarter worth $156,000. Finally, Hanseatic Management Services Inc. increased its position in Korn/Ferry International by 1.1% in the second quarter. Hanseatic Management Services Inc. now owns 7,129 shares of the business services provider’s stock worth $246,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 88.89% of the company’s stock.

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

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