Korn Ferry (KFY) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Korn Ferry in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" KFY shares.
View KFY analyst ratings or view top-rated stocks.

5 analysts have issued twelve-month target prices for Korn Ferry's shares. Their KFY share price forecasts range from $53.00 to $65.00. On average, they predict the company's stock price to reach $60.25 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price.
View analysts price targets for KFY or view top-rated stocks among Wall Street analysts.

Korn Ferry's stock was trading at $50.62 at the beginning of 2023. Since then, KFY shares have decreased by 7.2% and is now trading at $46.99.
View the best growth stocks for 2023 here.

Korn Ferry saw a drop in short interest in August. As of August 31st, there was short interest totaling 629,000 shares, a drop of 13.4% from the August 15th total of 726,300 shares. Based on an average trading volume of 310,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.2% of the shares of the stock are short sold.
View Korn Ferry's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, December 14th 2023.
View our KFY earnings forecast.

Korn Ferry (NYSE:KFY) announced its quarterly earnings results on Thursday, September, 7th. The business services provider reported $0.99 EPS for the quarter, topping the consensus estimate of $0.91 by $0.08. The business services provider earned $699.20 million during the quarter, compared to analyst estimates of $683.41 million. Korn Ferry had a trailing twelve-month return on equity of 14.29% and a net margin of 6.24%. Korn Ferry's revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share.

Korn Ferry declared a quarterly dividend on Wednesday, September 6th. Stockholders of record on Friday, September 22nd will be given a dividend of $0.18 per share on Friday, October 13th. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Thursday, September 21st.
Read our dividend analysis for KFY.

ETFs with the largest weight of Korn Ferry (NYSE:KFY) stock in their portfolio include Invesco S&P SmallCap Industrials ETF (PSCI), Euclidean Fundamental Value ETF (ECML), Pacer US Small Cap Cash Cows 100 ETF (CALF), ETC 6 Meridian Small Cap Equity ETF (SIXS), Invesco S&P SmallCap Quality ETF (XSHQ), Schwab Ariel ESG ETF (SAEF) and Royce Quant Small-Cap Quality Value ETF (SQLV).SPDR S&P 600 Small Cap ETF (SLY).

Korn Ferry (NYSE:KFY) pays an annual dividend of $0.72 per share and currently has a dividend yield of 1.51%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KFY will have a dividend payout ratio of 16.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KFY.

Korn Ferry issued an update on its second quarter earnings guidance on Thursday, September, 7th. The company provided earnings per share (EPS) guidance of $0.91-1.01 for the period, compared to the consensus estimate of $0.94. The company issued revenue guidance of $675-695 million, compared to the consensus revenue estimate of $676.66 million.

554 employees have rated Korn Ferry Chief Executive Officer Gary D. Burnison on Glassdoor.com. Gary D. Burnison has an approval rating of 45% among the company's employees. This puts Gary D. Burnison in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Korn Ferry investors own include CA (CA), Alibaba Group (BABA), BlackRock (BLK), Micron Technology (MU), Endologix (ELGX), Accenture (ACN), Chipotle Mexican Grill (CMG), Cisco Systems (CSCO), Intel (INTC) and Tencent (TCEHY).

Korn Ferry trades on the New York Stock Exchange (NYSE) under the ticker symbol "KFY."

Korn Ferry's stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.84%), Dimensional Fund Advisors LP (6.13%), State Street Corp (3.68%), Alliancebernstein L.P. (3.46%), Hotchkis & Wiley Capital Management LLC (3.20%) and Allspring Global Investments Holdings LLC (2.62%). Insiders that own company stock include Byrne K Mulrooney, Gary D Burnison, George T Shaheen, Jerry Leamon, Robert P Rozek and Todd Cione.
View institutional ownership trends.

Shares of KFY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of KFY stock can currently be purchased for approximately $46.99.

Korn Ferry (NYSE:KFY) has a market capitalization of $2.48 billion and generates $2.86 billion in revenue each year. The business services provider earns $209.53 million in net income (profit) each year or $3.39 on an earnings per share basis.

The company employs 10,697 workers across the globe.

Korn Ferry's mailing address is 1900 Avenue of the Stars Suite 2600, LOS ANGELES CA, 90067. The official website for the company is www.kornferry.com. The business services provider can be reached via phone at (310) 552-1834, via email at ir@kornferry.com, or via fax at 310-553-6452.