Korn Ferry (KFY) to Issue Quarterly Dividend of $0.48 on April 15th

Korn Ferry (NYSE:KFY) announced a quarterly dividend on Monday, March 10th, RTT News reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.48 per share by the business services provider on Tuesday, April 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date is Thursday, March 27th. This is a 29.7% increase from Korn Ferry’s previous quarterly dividend of $0.37.

Korn Ferry has increased its dividend payment by an average of 46.3% annually over the last three years. Korn Ferry has a payout ratio of 31.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Korn Ferry to earn $5.37 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 35.8%.

Korn Ferry Price Performance

KFY stock opened at $68.28 on Tuesday. Korn Ferry has a 1 year low of $59.78 and a 1 year high of $80.64. The firm has a market capitalization of $3.52 billion, a P/E ratio of 14.59 and a beta of 1.57. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.07 and a quick ratio of 2.07. The business’s 50-day moving average is $67.62 and its two-hundred day moving average is $70.50.

Korn Ferry (NYSE:KFY) last issued its quarterly earnings results on Tuesday, March 11th. The business services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.06. Korn Ferry had a net margin of 9.03% and a return on equity of 14.27%. The company had revenue of $676.50 million during the quarter, compared to the consensus estimate of $650.45 million. During the same quarter in the previous year, the firm earned $1.07 earnings per share. The firm’s quarterly revenue was down .1% on a year-over-year basis. Analysts anticipate that Korn Ferry will post 4.75 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KFY has been the subject of a number of recent analyst reports. StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Tuesday, December 17th. Truist Financial boosted their target price on Korn Ferry from $78.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, December 6th.

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.