Korn/Ferry International (NYSE:KFY - Get Free Report) announced that its Board of Directors has initiated a share buyback program on Thursday, September 18th, RTT News reports. The company plans to repurchase $331.40 million in outstanding shares. This repurchase authorization allows the business services provider to buy up to 8.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.
Korn/Ferry International Price Performance
Shares of KFY traded down $0.09 during midday trading on Monday, reaching $72.99. The stock had a trading volume of 370,796 shares, compared to its average volume of 489,258. The company's 50-day moving average is $73.03 and its 200 day moving average is $69.37. Korn/Ferry International has a 12-month low of $59.23 and a 12-month high of $80.64. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $3.82 billion, a price-to-earnings ratio of 15.50 and a beta of 1.49.
Korn/Ferry International (NYSE:KFY - Get Free Report) last announced its quarterly earnings data on Tuesday, September 9th. The business services provider reported $1.31 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.07. The company had revenue of $708.61 million for the quarter, compared to analysts' expectations of $688.72 million. Korn/Ferry International had a return on equity of 14.55% and a net margin of 8.95%.Korn/Ferry International's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm posted $1.17 EPS. Korn/Ferry International has set its Q2 2026 guidance at 1.230-1.33 EPS. On average, equities analysts predict that Korn/Ferry International will post 4.75 EPS for the current fiscal year.
Korn/Ferry International Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Friday, September 26th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, September 26th. Korn/Ferry International's payout ratio is presently 40.76%.
Analyst Upgrades and Downgrades
KFY has been the subject of several recent analyst reports. Truist Financial boosted their target price on Korn/Ferry International from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Friday, June 20th. UBS Group dropped their price target 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. Finally, Wall Street Zen cut shares of Korn/Ferry International from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, July 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $81.00.
Check Out Our Latest Research Report on KFY
About Korn/Ferry International
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.
Featured Articles
Before you consider Korn/Ferry International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Korn/Ferry International wasn't on the list.
While Korn/Ferry International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.