Korn Ferry: Consulting Growth Encouraging, But Executive Search Performance Needs To Rebound
While Korn Ferry has seen growth in fee revenue across the Consulting segment, that of the Executive Search segment has continued to see a decline. In my view, labour market demand needs to see a rebound for Executive Search engagement billings to grow from here. I rate Korn Ferry as a Hold at this time.
Korn/Ferry (KFY) Could Be a Great Choice
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Korn/Ferry (KFY) have what it takes?
Are Business Services Stocks Lagging KornFerry International (KFY) This Year?
Here is how Korn/Ferry (KFY) and Outbrain Inc. (OB) have performed compared to their sector so far this year.
Are Investors Undervaluing KornFerry International (KFY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Korn/Ferry International (KFY) Hits Fresh High: Is There Still Room to Run?
Korn/Ferry (KFY) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Korn Ferry: No Longer Positive On Growth Recovery In FY25
I continued to recommend a hold rating for Korn Ferry due to poor hiring demand and unlikely Fed rate cuts in 2024. FY24 results are in line with my estimates, but the growth outlook is weakened by macro conditions. I have revised margin estimates upwards, but toned down valuation expectations for FY25.
Korn Ferry (KFY) Q4 2024 Earnings Call Transcript
Korn Ferry (NYSE:KFY ) Q4 2024 Earnings Conference Call June 13, 2024 11:00 AM ET Company Participants Gary Burnison - CEO Bob Rozek - CFO Gregg Kvochak - SVP, Business Development and Analytics Tiffany Louder - VP, IR Conference Call Participants George Tong - Goldman Sachs Mark Marcon - Baird Jack Wilson - Truist Securities Trevor Romeo - William Blair Karan Singhania - UBS Operator Ladies and gentlemen, thank you for standing by, and welcome to the Korn Ferry Fourth Quarter and Fiscal Year End April 30, 2024 Conference call. At this time all participants are in a listen-only mode.
Here's What Key Metrics Tell Us About Korn/Ferry (KFY) Q4 Earnings
While the top- and bottom-line numbers for Korn/Ferry (KFY) give a sense of how the business performed in the quarter ended April 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Korn/Ferry (KFY) Surpasses Q4 Earnings and Revenue Estimates
Korn/Ferry (KFY) came out with quarterly earnings of $1.26 per share, beating the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.01 per share a year ago.
Unveiling Korn/Ferry (KFY) Q4 Outlook: Wall Street Estimates for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Korn/Ferry (KFY), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended April 2024.
Charles Schwab Investment Management Inc. Boosts Stock Position in Korn Ferry (NYSE:KFY)
Charles Schwab Investment Management Inc. increased its stake in shares of Korn Ferry (NYSE:KFY – Free Report) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 719,462 shares of the business services provider’s stock after purchasing an additional 35,985 shares during the period. Charles Schwab Investment Management Inc. owned 1.37% of Korn Ferry worth $42,700,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new stake in shares of Korn Ferry in the fourth quarter valued at approximately $45,000. DekaBank Deutsche Girozentrale acquired a new stake in Korn Ferry in the 3rd quarter valued at approximately $52,000. Nisa Investment Advisors LLC raised its position in Korn Ferry by 13.4% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,540 shares of the business services provider’s stock valued at $151,000 after purchasing an additional 301 shares during the period. Strs Ohio lifted its stake in Korn Ferry by 300.0% during the third quarter. Strs Ohio now owns 4,000 shares of the business services provider’s stock worth $189,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Ifrah Financial Services Inc. purchased a new position in shares of Korn Ferry during the fourth quarter worth $238,000. 98.82% of the stock is currently owned by institutional investors and hedge funds. Insider Transactions at Korn Ferry In related news, Director Jerry Leamon sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $65.80, for a total value of $658,000.00. Following the transaction, the director now owns 16,802 shares in the company, valued at $1,105,571.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.50% of the company’s stock. Wall Street Analyst Weigh In A number of research firms have issued reports on KFY. StockNews.com upgraded shares of Korn Ferry from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. William Blair upgraded shares of Korn Ferry from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 29th. Truist Financial upped their price target on shares of Korn Ferry from $64.00 to $74.00 and gave the company a “buy” rating in a research report on Monday, March 4th. UBS Group raised their price objective on shares of Korn Ferry from $55.00 to $63.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. Finally, Robert W. Baird upped their target price on shares of Korn Ferry from $62.00 to $70.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.00. View Our Latest Report on Korn Ferry Korn Ferry Price Performance KFY stock opened at $66.43 on Monday. The stock’s 50 day moving average price is $63.44 and its 200 day moving average price is $58.88. The firm has a market cap of $3.49 billion, a P/E ratio of 22.99 and a beta of 1.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.83. Korn Ferry has a 1 year low of $44.45 and a 1 year high of $69.69. Korn Ferry (NYSE:KFY – Get Free Report) last announced its earnings results on Wednesday, March 6th. The business services provider reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. Korn Ferry had a net margin of 5.34% and a return on equity of 12.59%. The firm had revenue of $676.80 million for the quarter, compared to analyst estimates of $657.91 million. During the same quarter last year, the business earned $1.01 earnings per share. Korn Ferry’s revenue was down 1.5% compared to the same quarter last year. On average, sell-side analysts expect that Korn Ferry will post 4.17 earnings per share for the current fiscal year. Korn Ferry Announces Dividend The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, March 27th were paid a dividend of $0.33 per share. The ex-dividend date was Tuesday, March 26th. This represents a $1.32 annualized dividend and a yield of 1.99%. Korn Ferry’s dividend payout ratio is presently 45.67%. Korn Ferry Company Profile (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.
