Korn Ferry (NYSE:KFY) Releases Quarterly Earnings Results, Hits Expectations

Korn Ferry (NYSE:KFY) released its quarterly earnings data on Thursday. The business services provider reported $1.21 earnings per share for the quarter, meeting the consensus estimate of $1.21, Zacks reports. The company had revenue of $682.00 million for the quarter, compared to the consensus estimate of $675.35 million. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. Korn Ferry’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.97 EPS. Korn Ferry updated its Q3 guidance to $1.06-1.18 EPS.

Korn Ferry Stock Up 0.9 %

Shares of NYSE:KFY opened at $78.65 on Thursday. The firm has a market cap of $4.09 billion, a P/E ratio of 22.47 and a beta of 1.56. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 0.23. Korn Ferry has a 12-month low of $51.62 and a 12-month high of $80.64. The business has a fifty day simple moving average of $74.12 and a 200 day simple moving average of $70.59.

Insider Buying and Selling

In related news, CEO Gary D. Burnison sold 38,726 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $72.18, for a total transaction of $2,795,242.68. Following the completion of the transaction, the chief executive officer now directly owns 273,118 shares of the company’s stock, valued at $19,713,657.24. This trade represents a 12.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $75.53, for a total value of $1,580,163.13. Following the completion of the transaction, the chief financial officer now directly owns 154,535 shares of the company’s stock, valued at approximately $11,672,028.55. This trade represents a 11.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 86,201 shares of company stock valued at $6,329,320 in the last three months. Insiders own 1.40% of the company’s stock.

About Korn Ferry

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.