$416.50 Million in Sales Expected for Korn/Ferry International (KFY) This Quarter

Brokerages expect Korn/Ferry International (NYSE:KFY) to post $416.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Korn/Ferry International’s earnings. The highest sales estimate is $420.49 million and the lowest is $412.01 million. Korn/Ferry International reported sales of $381.92 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.1%. The business is expected to announce its next quarterly earnings report on Monday, March 5th.

According to Zacks, analysts expect that Korn/Ferry International will report full-year sales of $416.50 million for the current financial year, with estimates ranging from $1.69 billion to $1.70 billion. For the next year, analysts expect that the company will post sales of $1.78 billion per share, with estimates ranging from $1.73 billion to $1.82 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow Korn/Ferry International.

Korn/Ferry International (NYSE:KFY) last announced its quarterly earnings data on Wednesday, December 6th. The business services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. The firm had revenue of $443.02 million during the quarter, compared to the consensus estimate of $424.09 million. Korn/Ferry International had a net margin of 6.90% and a return on equity of 12.15%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share.

A number of brokerages recently commented on KFY. ValuEngine upgraded shares of Korn/Ferry International from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research cut shares of Korn/Ferry International from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Robert W. Baird reaffirmed a “hold” rating and issued a $45.00 target price on shares of Korn/Ferry International in a report on Thursday, December 7th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $42.00 target price on shares of Korn/Ferry International in a report on Friday, October 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. Korn/Ferry International has a consensus rating of “Hold” and an average price target of $43.40.

A number of institutional investors have recently modified their holdings of KFY. Advisors Preferred LLC purchased a new position in Korn/Ferry International in the fourth quarter valued at about $159,000. LS Investment Advisors LLC increased its holdings in Korn/Ferry International by 138.0% in the fourth quarter. LS Investment Advisors LLC now owns 4,658 shares of the business services provider’s stock valued at $193,000 after buying an additional 2,701 shares in the last quarter. OLD National Bancorp IN purchased a new position in Korn/Ferry International in the third quarter valued at about $208,000. CAPROCK Group Inc. purchased a new position in Korn/Ferry International in the fourth quarter valued at about $208,000. Finally, First Quadrant L P CA purchased a new position in Korn/Ferry International in the third quarter valued at about $212,000. 88.04% of the stock is owned by institutional investors.

Shares of Korn/Ferry International (NYSE:KFY) opened at $41.21 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.94 and a quick ratio of 1.94. The company has a market cap of $2,274.08, a PE ratio of 16.98 and a beta of 1.35. Korn/Ferry International has a 12-month low of $28.56 and a 12-month high of $45.26.

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

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