Korn/Ferry International (NYSE:KFY) Shares Gap Up Following Strong Earnings

Key Points

• Korn/Ferry International's stock opened at $76.38 after a strong earnings report, jumping from a previous close of $72.51, and traded at $74.76 with a volume of 150,125 shares.
• The company reported an EPS of $1.31 for the quarter, which exceeded analysts' expectations, showing a 4.8% increase in quarterly revenue compared to the same period last year.
• Korn/Ferry is set to pay a quarterly dividend of $0.48 per share on October 15th, 2023, with an annualized yield of 2.6% and a payout ratio of 41.56%.

Korn/Ferry International (NYSE:KFY - Get Free Report) gapped up prior to trading on Tuesday following a better than expected earnings announcement. The stock had previously closed at $72.51, but opened at $76.38. Korn/Ferry International shares last traded at $74.76, with a volume of 150,125 shares traded.

The business services provider reported $1.31 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.07. Korn/Ferry International had a return on equity of 14.49% and a net margin of 8.91%.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 posted $1.17 earnings per share. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS.

Korn/Ferry International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. UBS Group lowered their target price on Korn/Ferry International from $75.00 to $74.00 and set a "neutral" rating for the company in a research report on Tuesday, May 27th. Truist Financial increased their target price on Korn/Ferry International from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Friday, June 20th. Finally, Wall Street Zen downgraded Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $81.00.

Institutional Trading of Korn/Ferry International

Institutional investors have recently bought and sold shares of the stock. CX Institutional bought a new stake in Korn/Ferry International in the first quarter worth $39,000. GAMMA Investing LLC lifted its position in Korn/Ferry International by 11.4% in the first quarter. GAMMA Investing LLC now owns 1,937 shares of the business services provider's stock worth $131,000 after buying an additional 199 shares during the last quarter. Edgestream Partners L.P. lifted its position in Korn/Ferry International by 140.1% in the first quarter. Edgestream Partners L.P. now owns 91,138 shares of the business services provider's stock worth $6,182,000 after buying an additional 53,175 shares during the last quarter. Two Sigma Investments LP purchased a new stake in Korn/Ferry International in the fourth quarter worth $1,593,000. Finally, Jane Street Group LLC increased its stake in Korn/Ferry International by 1,385.2% in the first quarter. Jane Street Group LLC now owns 202,461 shares of the business services provider's stock worth $13,733,000 after purchasing an additional 188,829 shares during the period. 98.82% of the stock is currently owned by institutional investors.

Korn/Ferry International Stock Performance

The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.21. The business has a 50 day simple moving average of $73.22 and a two-hundred day simple moving average of $68.79. The firm has a market cap of $3.92 billion, a PE ratio of 16.16 and a beta of 1.49.

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.

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