Wall Street brokerages expect that Korn/Ferry International (NYSE:KFY) will post sales of $421.10 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Korn/Ferry International’s earnings, with the highest sales estimate coming in at $425.84 million and the lowest estimate coming in at $417.77 million. Korn/Ferry International reported sales of $401.92 million during the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The business is expected to issue its next quarterly earnings results after the market closes 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 year, with estimates ranging from $1.63 billion to $1.66 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.74 billion per share, with estimates ranging from $1.71 billion to $1.76 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last posted its earnings results on Wednesday, September 6th. The business services provider reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The company had revenue of $401.25 million during 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%. Korn/Ferry International’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share.

A number of research firms have recently weighed in on KFY. BidaskClub lowered shares of Korn/Ferry International from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. ValuEngine lowered shares of Korn/Ferry International from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating and set a $47.00 target price for the company in a report on Wednesday, November 8th. Robert W. Baird reiterated a “hold” rating and set a $37.00 target price on shares of Korn/Ferry International in a report on Friday, November 10th. Finally, Deutsche Bank increased their target price on shares of Korn/Ferry International from $34.00 to $40.00 and gave the stock a “hold” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $41.80.

In related news, Director Jerry Leamon sold 8,000 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $40.06, for a total value of $320,480.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert P. Rozek sold 12,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was 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 directly owns 93,522 shares of the company’s stock, valued at $3,744,620.88. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,000 shares of company stock valued at $2,801,960. 1.01% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Korn/Ferry International by 41.1% in the second quarter. JPMorgan Chase & Co. now owns 123,475 shares of the business services provider’s stock worth $4,264,000 after buying an additional 35,971 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Korn/Ferry International by 9.7% during the second quarter. Legal & General Group Plc now owns 111,533 shares of the business services provider’s stock valued at $3,852,000 after purchasing an additional 9,854 shares in the last quarter. Kennedy Capital Management Inc. increased its stake in shares of Korn/Ferry International by 12.8% during the second quarter. Kennedy Capital Management Inc. now owns 105,690 shares of the business services provider’s stock valued at $3,649,000 after purchasing an additional 11,987 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Korn/Ferry International by 9.2% during the second quarter. Bank of New York Mellon Corp now owns 1,713,949 shares of the business services provider’s stock valued at $59,184,000 after purchasing an additional 143,828 shares in the last quarter. Finally, Sciencast Management LP bought a new position in shares of Korn/Ferry International during the second quarter valued at approximately $411,000. 86.20% of the stock is owned by institutional investors.

Shares of Korn/Ferry International (NYSE:KFY) opened at $42.06 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.13 and a current ratio of 2.13. The firm has a market cap of $2,383.42, a PE ratio of 18.42 and a beta of 1.35. Korn/Ferry International has a 1-year low of $25.93 and a 1-year high of $44.08.

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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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