Korn Ferry (KFY) To Go Ex-Dividend on July 3rd

Korn Ferry (NYSE:KFY) declared a quarterly dividend on Wednesday, June 12th, Wall Street Journal reports. Investors of record on Wednesday, July 3rd will be given a dividend of 0.37 per share by the business services provider on Wednesday, July 31st. This represents a $1.48 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Wednesday, July 3rd. This is a boost from Korn Ferry’s previous quarterly dividend of $0.33.

Korn Ferry has raised its dividend payment by an average of 28.1% per year over the last three years. Korn Ferry has a payout ratio of 27.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Korn Ferry to earn $5.41 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 27.4%.

Korn Ferry Stock Performance

NYSE:KFY opened at $67.14 on Monday. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 20.85 and a beta of 1.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.83 and a current ratio of 1.79. Korn Ferry has a fifty-two week low of $44.45 and a fifty-two week high of $70.78. The stock has a fifty day moving average price of $64.89 and a 200-day moving average price of $62.01.

Korn Ferry (NYSE:KFY) last announced its quarterly earnings data on Thursday, June 13th. The business services provider reported $1.26 EPS for the quarter, beating the consensus estimate of $1.13 by $0.13. Korn Ferry had a net margin of 6.05% and a return on equity of 13.18%. The business had revenue of $690.80 million during the quarter, compared to the consensus estimate of $687.36 million. During the same period in the previous year, the business earned $1.01 earnings per share. The company’s revenue was down 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Korn Ferry will post 4.86 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KFY shares. Truist Financial reaffirmed a “buy” rating and set a $78.00 price target (up from $74.00) on shares of Korn Ferry in a report on Friday, June 14th. UBS Group upped their price target on shares of Korn Ferry from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, June 7th. Robert W. Baird raised their price objective on Korn Ferry from $72.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, June 14th. Finally, StockNews.com raised Korn Ferry from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.00.

Insider Activity at Korn Ferry

In other news, CEO Mark Arian sold 5,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $66.73, for a total value of $333,650.00. Following the transaction, the chief executive officer now directly owns 96,484 shares of the company’s stock, valued at approximately $6,438,377.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.

About Korn Ferry

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.