Korn Ferry (NYSE:KFY) announced a quarterly dividend on Thursday, March 7th, RTT News reports. Stockholders of record on Tuesday, March 26th will be given a dividend of 0.10 per share by the business services provider on Monday, April 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.86%.
Korn Ferry has increased its dividend by an average of 10.1% annually over the last three years. Korn Ferry has a dividend payout ratio of 11.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Korn Ferry to earn $3.65 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 11.0%.
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Shares of NYSE:KFY traded down $0.45 during trading on Thursday, reaching $46.46. The stock had a trading volume of 485,856 shares, compared to its average volume of 323,815. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.00 and a current ratio of 2.00. Korn Ferry has a 52 week low of $37.38 and a 52 week high of $68.98. The firm has a market cap of $2.71 billion, a P/E ratio of 17.08 and a beta of 1.31.
Korn Ferry (NYSE:KFY) last posted its quarterly earnings data on Thursday, December 6th. The business services provider reported $0.85 EPS for the quarter, beating the Zacks’ consensus estimate of $0.80 by $0.05. Korn Ferry had a net margin of 3.92% and a return on equity of 15.01%. The company had revenue of $495.20 million for the quarter, compared to analyst estimates of $485.94 million. During the same period in the prior year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Korn Ferry will post 3.36 earnings per share for the current year.
KFY has been the topic of a number of analyst reports. ValuEngine lowered shares of Korn Ferry from a “hold” rating to a “sell” rating in a research note on Friday, December 7th. Credit Suisse Group cut their target price on shares of Korn Ferry from $44.00 to $40.00 and set an “underperform” rating on the stock in a research note on Friday, December 7th. SunTrust Banks cut their target price on shares of Korn Ferry to $63.00 and set a “buy” rating on the stock in a research note on Friday, December 7th. TheStreet raised shares of Korn Ferry from a “c” rating to a “b” rating in a research note on Friday, December 7th. Finally, Zacks Investment Research lowered shares of Korn Ferry from a “buy” rating to a “hold” rating in a research note on Thursday, November 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Korn Ferry currently has a consensus rating of “Hold” and a consensus price target of $58.25.
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About Korn Ferry
Korn/Ferry International engages in the provision of global organizational consulting firm. It operates through the following segments: Executive Search, Hay Group, Futurestep, and Corporate. The Executive Search segment helps clients attract and hire leaders who fit in with their organization, and make it stand out.
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