Korn Ferry (NYSE:KFY) Updates Q3 Earnings Guidance

Korn Ferry (NYSE:KFY) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $1.06-1.18 for the period, compared to the consensus earnings per share estimate of $1.15.

Korn Ferry Stock Performance

Shares of Korn Ferry stock opened at $78.65 on Thursday. The company has a market capitalization of $4.09 billion, a PE ratio of 22.47 and a beta of 1.56. Korn Ferry has a 12 month low of $51.62 and a 12 month high of $80.64. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $74.12 and its 200 day simple moving average is $70.59.

Korn Ferry (NYSE:KFY) last released its quarterly earnings results on Thursday, December 5th. The business services provider reported $1.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.21. Korn Ferry had a return on equity of 13.73% and a net margin of 6.68%. The firm had revenue of $682.00 million for the quarter, compared to the consensus estimate of $675.35 million. During the same quarter last year, the business posted $0.97 EPS. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, research analysts predict that Korn Ferry will post 4.84 EPS for the current year.

Insider Buying and Selling at Korn Ferry

In related news, Director Debra J. Perry sold 5,280 shares of Korn Ferry stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $73.30, for a total value of $387,024.00. Following the sale, the director now owns 46,180 shares of the company’s stock, valued at approximately $3,384,994. The trade was a 10.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert P. Rozek sold 20,921 shares of Korn Ferry stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $75.53, for a total value of $1,580,163.13. Following the completion of the sale, the chief financial officer now directly owns 154,535 shares in the company, valued at approximately $11,672,028.55. This represents a 11.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,201 shares of company stock valued at $6,329,320 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Korn Ferry 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.