Earnings Report: Here’s what to expect from Korn Ferry Stock Forecast, Price & News (NYSE:KFY)

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Earnings results for Korn Ferry Stock Forecast, Price & News (NYSE:KFY)

Korn Ferry is expected* to report earnings on 09/03/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.01. The reported EPS for the same quarter last year was $0.76.

Korn Ferry last posted its quarterly earnings data on July 2nd, 2020. The business services provider reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.21. The firm had revenue of $440.50 million for the quarter, compared to the consensus estimate of $436.38 million. Its revenue for the quarter was down 10.2% on a year-over-year basis. Korn Ferry has generated $2.91 earnings per share over the last year and currently has a price-to-earnings ratio of 16.6. Korn Ferry has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Korn Ferry Stock Forecast, Price & News (NYSE:KFY)

4 Wall Street analysts have issued ratings and price targets for Korn Ferry in the last 12 months. Their average twelve-month price target is $37.20, predicting that the stock has a possible upside of 19.58%. The high price target for KFY is $43.00 and the low price target for KFY is $32.00. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Korn Ferry has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $37.20, Korn Ferry has a forecasted upside of 19.6% from its current price of $31.11. Korn Ferry has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Korn Ferry Stock Forecast, Price & News (NYSE:KFY)

Korn Ferry has a dividend yield of 1.31%, which is in the bottom 25% of all stocks that pay dividends. Korn Ferry has only been increasing its dividend for 1 years. The dividend payout ratio of Korn Ferry is 13.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Korn Ferry will have a dividend payout ratio of 21.74% next year. This indicates that Korn Ferry will be able to sustain or increase its dividend.

Insiders buying/selling: Korn Ferry Stock Forecast, Price & News (NYSE:KFY)

In the past three months, Korn Ferry insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $434,880.00 in company stock. Only 2.08% of the stock of Korn Ferry is held by insiders. 88.36% of the stock of Korn Ferry is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Korn Ferry Stock Forecast, Price & News (NYSE:KFY

Earnings for Korn Ferry are expected to grow by 166.67% in the coming year, from $0.69 to $1.84 per share. The P/E ratio of Korn Ferry is 16.64, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.39. The P/E ratio of Korn Ferry is 16.64, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 40.15. Korn Ferry has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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