William Blair downgraded Korn/Ferry from Outperform to Mkt Perform
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/29/2024 | Mkt Perform → Outperform | William Blair | |
| 9/15/2023 | $53.00 | Neutral | UBS |
| 11/25/2022 | Outperform → Mkt Perform | William Blair | |
| 6/23/2021 | $57.00 → $65.00 | Neutral | Credit Suisse |
| 6/23/2021 | $78.00 → $89.00 | Outperform | Baird |
Highlights Fee revenue in Q3 FY'25 was $668.7 million, flat year over year (2% increase on a constant currency basis). RPO fee revenue increased 4% year over year and new business in Q3 FY'25 was $210 million, of which 64% and 36% was from new client wins and renewals/extensions, respectively. Net income attributable to Korn Ferry was $58.4 million with a net income attributable to Korn Ferry margin of 8.7%, a 10bps decrease compared to the year-ago quarter. Adjusted EBITDA was $114.5 million with an Adjusted EBITDA margin of 17.1%, a 190bps increase compared to the year-ago quarter. Diluted and adjusted diluted earnings per share were $1.10 and $1.19 in Q3 FY'25, respectively. Th
Dividend Increases 30% to $0.48 Per Share Korn Ferry (NYSE:KFY), a global organizational consulting firm, today announced its Board of Directors has approved a 30% increase in its quarterly cash dividend to $0.48 per share. This dividend will be payable on April 15, 2025 to shareholders of record on March 27, 2025. This represents an indicated annual dividend of $1.92 per share. "This marks the fifth consecutive year that we have increased our regular quarterly cash dividend and demonstrates the continued confidence we have in our business," said Gary D. Burnison, CEO, Korn Ferry. About Korn Ferry Korn Ferry is a global organizational consulting firm, bringing together strategy and tale
Highlights Fee revenue in Q2 FY'25 was $674.4 million, a year-over-year decrease of 4%, flat on a sequential quarter basis. Completed our sixth consecutive quarter of improved profitability: Operating income was $87.5 million and Adjusted EBITDA was $117.0 million. Operating margin increased 980bps year-over-year to 13.0%. Adjusted EBITDA margin was 17.4%, a 340bps increase compared to the year-ago quarter. Net income attributable to Korn Ferry was $60.8 million, while diluted and adjusted diluted earnings per share were $1.14 and $1.21 in Q2 FY'25, respectively. The Company repurchased 456,250 shares of stock during the quarter for $32.6 million. Declared a quarterly
William Blair upgraded Korn/Ferry from Mkt Perform to Outperform
UBS initiated coverage of Korn/Ferry with a rating of Neutral and set a new price target of $53.00
William Blair downgraded Korn/Ferry from Outperform to Mkt Perform
Highlights Fee revenue in Q3 FY'25 was $668.7 million, flat year over year (2% increase on a constant currency basis). RPO fee revenue increased 4% year over year and new business in Q3 FY'25 was $210 million, of which 64% and 36% was from new client wins and renewals/extensions, respectively. Net income attributable to Korn Ferry was $58.4 million with a net income attributable to Korn Ferry margin of 8.7%, a 10bps decrease compared to the year-ago quarter. Adjusted EBITDA was $114.5 million with an Adjusted EBITDA margin of 17.1%, a 190bps increase compared to the year-ago quarter. Diluted and adjusted diluted earnings per share were $1.10 and $1.19 in Q3 FY'25, respectively. Th
Dividend Increases 30% to $0.48 Per Share Korn Ferry (NYSE:KFY), a global organizational consulting firm, today announced its Board of Directors has approved a 30% increase in its quarterly cash dividend to $0.48 per share. This dividend will be payable on April 15, 2025 to shareholders of record on March 27, 2025. This represents an indicated annual dividend of $1.92 per share. "This marks the fifth consecutive year that we have increased our regular quarterly cash dividend and demonstrates the continued confidence we have in our business," said Gary D. Burnison, CEO, Korn Ferry. About Korn Ferry Korn Ferry is a global organizational consulting firm, bringing together strategy and tale
Korn Ferry (NYSE:KFY) today announced that the firm will release financial results for the third quarter of fiscal year 2025 (ended January 31, 2025) on Tuesday, March 11, 2025. A press release will be issued before the market opens on Tuesday, March 11, 2025 followed by a live webcast at 12:00 pm EDT. What: Korn Ferry to Report Q3 FY2025 Earnings Investor Live Webcast When: 12:00 pm EDT on Tuesday, March 11, 2025 Where: Live audio webcast and accompanying slides will be available at the following site: https://ir.kornferry.com/events-and-presentations About Korn Ferry Korn Ferry is a global organizational consulting firm. We work with our clients to design optimal organization
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Korn Ferry (NYSE:KFY), a global organizational consulting firm, today announced that it has appointed Jeanne MacDonald as Chief Executive Officer, Recruitment Process Outsourcing (RPO) and Mathias Herzog will assume leadership of the firm's Digital Solution. "Jeanne and Mathias are proven executives, and we are thrilled to have people of their caliber lead these offerings," said Gary D. Burnison, CEO, Korn Ferry. "Jeanne is the natural choice to lead RPO after years of overseeing Global RPO Solutions and playing a fundamental role in the business's commercial and financial success. Mathias brings in-depth consulting and technology expertise that will help further the digitization of our o
Korn Ferry (NYSE:KFY) today announced the election of a new member to its Board of Directors, in addition to the appointment of a new Non-Executive Chair. Charles Harrington joins as a Board Director. Christina Gold, who has served on the firm's Board since 2014, and most recently as the Non-Executive Chair since 2019, retires from the Board. Current Board member Jerry Leamon succeeds Ms. Gold as Non-Executive Chair as part of a planned succession. George Shaheen retires from the Board after more than 12 years of total service, including as Non-Executive Chair from 2012 to 2019. Harrington brings to Korn Ferry's Board extensive experience in strategy development and execution, tra
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