Korn Ferry (NYSE:KFY) Releases Q4 2024 Earnings Guidance

Korn Ferry (NYSE:KFYGet Free Report) updated its fourth quarter 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.090-1.170 for the period, compared to the consensus estimate of 1.070. The company issued revenue guidance of -. Korn Ferry also updated its Q4 guidance to $1.09-1.17 EPS.

Korn Ferry Price Performance

Shares of KFY opened at $65.03 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.83 and a quick ratio of 1.86. The company has a market cap of $3.42 billion, a P/E ratio of 22.50 and a beta of 1.47. Korn Ferry has a 12 month low of $44.45 and a 12 month high of $69.69. The stock has a fifty day moving average price of $58.91 and a 200 day moving average price of $53.43.

Korn Ferry (NYSE:KFYGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The business services provider reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $676.80 million for the quarter, compared to analysts’ expectations of $657.91 million. Korn Ferry had a net margin of 5.34% and a return on equity of 12.59%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.01 earnings per share. On average, research analysts forecast that Korn Ferry will post 4 earnings per share for the current year.

Korn Ferry Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Wednesday, March 27th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Tuesday, March 26th. This represents a $1.32 annualized dividend and a dividend yield of 2.03%. Korn Ferry’s dividend payout ratio (DPR) is 45.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. William Blair raised shares of Korn Ferry from a market perform rating to an outperform rating in a research note on Thursday, February 29th. StockNews.com raised Korn Ferry from a hold rating to a buy rating in a research note on Monday. UBS Group increased their price target on Korn Ferry from $55.00 to $63.00 and gave the company a neutral rating in a research report on Wednesday, February 28th. Robert W. Baird lifted their target price on shares of Korn Ferry from $62.00 to $70.00 and gave the stock an outperform rating in a research report on Thursday. Finally, Truist Financial raised their price objective on shares of Korn Ferry from $64.00 to $74.00 and gave the stock a buy rating in a research note on Monday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $67.75.

Get Our Latest Report on Korn Ferry

Hedge Funds Weigh In On Korn Ferry

Several institutional investors and hedge funds have recently modified their holdings of KFY. Belpointe Asset Management LLC increased its position in Korn Ferry by 181.8% in the 1st quarter. Belpointe Asset Management LLC now owns 775 shares of the business services provider’s stock worth $40,000 after purchasing an additional 500 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Korn Ferry by 22.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,132 shares of the business services provider’s stock valued at $57,000 after purchasing an additional 207 shares during the last quarter. Advisors Asset Management Inc. boosted its holdings in Korn Ferry by 55.2% in the 1st quarter. Advisors Asset Management Inc. now owns 945 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 336 shares during the period. Lazard Asset Management LLC increased its holdings in shares of Korn Ferry by 22.6% during the 1st quarter. Lazard Asset Management LLC now owns 1,695 shares of the business services provider’s stock worth $110,000 after purchasing an additional 313 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Korn Ferry by 11.0% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,256 shares of the business services provider’s stock valued at $112,000 after buying an additional 223 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Korn Ferry Company Profile

(Get Free Report)

Korn Ferry, together with its subsidiaries, provides organizational consulting services worldwide. It operates through four segments: Consulting, Digital, Executive Search, and Recruitment Process Outsourcing (RPO) & Professional Search. The company provides executive search services to recruit board level, chief executive, other senior executive, and general management talent of organizations.

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

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