Korn/Ferry International Declares Quarterly Dividend of $0.48 (NYSE:KFY)

Key Points

• Korn/Ferry International declared a quarterly dividend of $0.48 per share, which will be distributed to shareholders on October 15th.
• The company has a dividend payout ratio of 32.9%, indicating that earnings can comfortably cover the dividend payments.
• Analysts have mixed opinions on the stock, with a target price range between $74.00 and $88.00; the current average rating is "Moderate Buy."

Korn/Ferry International (NYSE:KFY - Get Free Report) declared a quarterly dividend on Monday, September 8th, RTT News reports. Stockholders of record on Friday, September 26th will be given a dividend of 0.48 per share by the business services provider on Wednesday, October 15th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, September 26th.

Korn/Ferry International has a payout ratio of 32.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Korn/Ferry International to earn $5.37 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 35.8%.

Korn/Ferry International Stock Performance

Shares of KFY stock traded down $2.73 on Friday, hitting $72.34. 526,110 shares of the stock were exchanged, compared to its average volume of 398,819. The company has a current ratio of 2.21, a quick ratio of 1.83 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $3.79 billion, a PE ratio of 15.36 and a beta of 1.49. Korn/Ferry International has a one year low of $59.23 and a one year high of $80.64. The firm's 50 day moving average is $73.16 and its two-hundred day moving average is $69.00.

Korn/Ferry International (NYSE:KFY - Get Free Report) last posted its quarterly earnings results on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.07. The company had revenue of $708.61 million during the quarter, compared to the consensus estimate of $688.72 million. Korn/Ferry International had a return on equity of 14.55% and a net margin of 8.95%.The firm's quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. Sell-side analysts expect that Korn/Ferry International will post 4.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 9th. Truist Financial raised their target price on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Finally, UBS Group cut their target price on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research note on Tuesday, May 27th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $81.00.

Korn/Ferry International Company Profile

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.