Korn/Ferry International (NYSE:KFY) Announces Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Key Points

• Korn/Ferry International reported a quarterly earnings of $1.31 per share, exceeding analyst expectations by $0.07.
• The company announced a quarterly dividend of $0.48 per share, resulting in an annualized yield of 2.6% for shareholders.
• Recent analyst ratings reflect mixed opinions, with a target price ranging from $74.00 to $88.00 and an average rating of "Moderate Buy."

Korn/Ferry International (NYSE:KFY - Get Free Report) posted its quarterly earnings data on Tuesday. The business services provider reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07, Zacks reports. Korn/Ferry International had a net margin of 8.95% and a return on equity of 14.55%. The firm had revenue of $708.61 million for the quarter, compared to the consensus estimate of $688.72 million. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. Korn/Ferry International updated its Q2 2026 guidance to 1.230-1.33 EPS.

Korn/Ferry International Stock Performance

Shares of Korn/Ferry International stock traded up $2.41 on Thursday, reaching $75.13. 694,099 shares of the stock were exchanged, compared to its average volume of 376,943. The company has a quick ratio of 1.83, a current ratio of 2.21 and a debt-to-equity ratio of 0.21. Korn/Ferry International has a twelve month low of $59.23 and a twelve month high of $80.64. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of 15.95 and a beta of 1.49. The business has a 50 day moving average price of $73.20 and a two-hundred day moving average price of $68.92.

Korn/Ferry International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 26th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. Korn/Ferry International's payout ratio is 41.56%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Truist Financial upped their price objective on shares of Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a report on Friday, June 20th. Wall Street Zen downgraded shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a report on Wednesday, July 9th. Finally, UBS Group cut their price objective on shares of Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating on the stock in a report 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $81.00.

Institutional Investors Weigh In On Korn/Ferry International

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its holdings in Korn/Ferry International by 1.2% during the second quarter. Ameriprise Financial Inc. now owns 729,663 shares of the business services provider's stock worth $53,505,000 after acquiring an additional 8,637 shares during the period. Bank of America Corp DE grew its holdings in Korn/Ferry International by 68.4% during the second quarter. Bank of America Corp DE now owns 665,145 shares of the business services provider's stock worth $48,775,000 after acquiring an additional 270,256 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in Korn/Ferry International during the second quarter worth about $32,559,000. Qube Research & Technologies Ltd grew its holdings in Korn/Ferry International by 25.4% during the second quarter. Qube Research & Technologies Ltd now owns 197,324 shares of the business services provider's stock worth $14,470,000 after acquiring an additional 39,970 shares during the period. Finally, Public Sector Pension Investment Board grew its holdings in Korn/Ferry International by 7.6% during the second quarter. Public Sector Pension Investment Board now owns 176,045 shares of the business services provider's stock worth $12,909,000 after acquiring an additional 12,474 shares during the period. Institutional investors and hedge funds own 98.82% of the company's stock.

About Korn/Ferry International

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.