Korn/Ferry International (NYSE:KFY) Reports Results

by Sean Patterson | Monday, Mar 10, 2014 | 823 views

Boston, MA, 03/10/2014 – Korn/Ferry International (NYSE:KFY) has reported it quarterly earnings, revealing figures much higher than the estimates. The earnings data reveal that the $0.43 earnings per share, much higher than the consensus estimate of $0.34, indicating $0.09 higher than other results.

Korn/Ferry International (NYSE:KFY) has revenue cover of $250.90 million in the quarter, which is much higher than the consensus estimate of $229.23 million.

Besides, the company in the previous year had noted earnings share of $0.31, with the revenue increase by 19.3%, over the previous quarter for the year. The International update for the fourth guidance has been $0.35 to $0.41 EPS.

Korn/Ferry International (NYSE:KFY) has received several analyst reviews. Analysts such as Zacks have reportedly downgraded the shares – from ‘outperform’ to ‘neutral’ in the first week of February. The price target for the stock was fixed at $28.10 for this player.

Korn/Ferry International (NYSE:KFY) has reported trading volume of 391,094 shares for the previous trading session. The financial position of this stock is as follows- the first one year low is $15.15 and the one year high is $26.72. The stock which reported 50-day moving average is $24.06, besides a 200-day moving average of $23.1. The company already holds a market cap of $1.278 billion and the P/E is 23.85.

Korn/Ferry International (NYSE:KFY) is a Los Angeles based service provider in the talent management division. The company offers clients a range of talent domain services allowing companies to access and retain the best talent in their industry. The company already caters to a niche clientele across public as well as private domain. Besides, the company has a mid-market presence and has been aiming at the emerging market segments as well. The company already operates in the Executive Recruitment as well as Leadership & talent consulting, LTC as well as Futurestep. The company already offers recruitment services across four regions – South American, LTC and Middle East and Africa. The worldwide services for the company are managed through operations conducted in Europe, Asia pacific as well as South American and North America.

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