Korn Ferry (NYSE:KFY) posted its quarterly earnings results on Sunday. The business services provider reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.44, MarketWatch Earnings reports. Korn Ferry had a return on equity of 7.52% and a net margin of 0.92%. The firm had revenue of $475.40 million during the quarter, compared to analyst estimates of $423.00 million. During the same period last year, the company earned $0.39 earnings per share. The business’s revenue for the quarter was down 7.7% on a year-over-year basis.
Korn Ferry stock opened at $61.56 on Tuesday. The stock’s 50 day simple moving average is $49.92 and its two-hundred day simple moving average is $38.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.09 and a current ratio of 2.09. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 228.00 and a beta of 1.61. Korn Ferry has a fifty-two week low of $21.45 and a fifty-two week high of $62.09.
KFY has been the subject of a number of analyst reports. TheStreet raised Korn Ferry from a “c” rating to a “b-” rating in a report on Monday, November 23rd. Zacks Investment Research downgraded Korn Ferry from a “buy” rating to a “hold” rating in a research report on Tuesday, January 26th. Robert W. Baird upgraded Korn Ferry from a “neutral” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Wednesday, November 25th. Finally, Truist raised their price target on Korn Ferry from $34.00 to $48.00 in a research report on Tuesday, November 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $42.50.
Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and RPO (Recruitment Process Outsourcing) & Professional Search. The company provides executive search services to fill executive-level positions, such as board directors, chief executive officers, chief financial officers, chief operating officers, chief information officers, chief human resource officers, and other senior executive officers for clients in the industrial, financial services, life sciences/healthcare provider, consumer, technology, and educational/not-for-profit market sectors.
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