Truist reiterated coverage on Korn Ferry with a new price target
$KFY
Diversified Commercial Services
Consumer Discretionary
Truist reiterated coverage of Korn Ferry with a rating of and set a new price target of $80.00 from $48.00 previously
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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 Korn Ferry reports Q1 FY'25 fee revenue of $674.9 million, a year-over-year decrease of 3% (down 2% on a constant currency basis). Executive Search fee revenue grew 2% year-over-year (up 3% at constant currency). Fee revenue for Consulting and Digital was flat year-over-year (up 1% and 2%, respectively, at constant currency), continuing to demonstrate stability in a challenging market. Net income attributable to Korn Ferry was $62.6 million, while diluted and adjusted diluted earnings per share were $1.17 and $1.18 in Q1 FY'25, respectively. Operating income was $76.1 million and Adjusted EBITDA was $111.2 million. Operating margin increased 320bps year-over-y
Fourth Quarter and Full Year Highlights Korn Ferry reports Q4 FY'24 fee revenue of $690.8 million, a year-over-year decrease of 5% in both actual and constant currency and full year FY'24 fee revenue of $2,762.7 million, a year-over-year decrease of 3% in both actual and constant currency. Our full year FY'24 Marquee and Regional Account fee revenue generated slightly more than 37% of our consolidated fee revenue and grew 3% year-over-year at actual, and 2% at constant currency. Net income attributable to Korn Ferry for the fourth quarter and full year of FY'24 was $65.2 million and $169.2 million, respectively, while diluted and adjusted diluted earnings per share were $1.24 and $
Highlights Korn Ferry reports Q3 FY'24 fee revenue of $668.7 million, a year-over-year decrease of 2% at both actual and constant currency. Net income attributable to Korn Ferry was $59.1 million, while diluted and adjusted diluted earnings per share were $1.13 and $1.07 in Q3 FY'24, respectively. Operating income was $49.9 million with an operating margin of 7.5%, a 570bps increase compared to year-ago quarter, and Adjusted EBITDA was $101.7 million with an Adjusted EBITDA margin of 15.2%, a 110bps increase compared to year-ago quarter. Consulting and Digital continued to show resilient business operations: Consulting fee revenue grew 3% year-over-year with a 12% increase in
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Truist Securities analyst Tobey Sommer reiterates Korn Ferry (NYSE:KFY) with a Buy and raises the price target from $74 to $78.
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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
Korn Ferry (NYSE:KFY), a global organizational consulting firm, today announced that it has closed its acquisition of UK-based Trilogy International. Headquartered in London, Trilogy is a leading provider of digital interim talent across EMEA and in the United States. Through the combination with Trilogy, Korn Ferry's Professional Search & Interim business will extend its ability to scale its solutions at the intersection of talent, transformation and strategy. "We're pleased to have Trilogy join Korn Ferry. Trilogy operates at the forefront of change, in a large addressable market. The company's highly relevant digital interim professional offerings, combined with a broad EMEA footprint
Laurent David Joins to Lead Firm's Interim Talent Business in France Korn Ferry (NYSE:KFY) today announced that it is expanding its Interim Talent operation into France. As part of this expansion, the firm also announced that Laurent David has joined Korn Ferry to lead this solution in France. He is based in the firm's Paris office. David joins Korn Ferry from a European interim talent management firm where he led the digital & technology and sales & marketing practices. He brings to the firm more than 20 years of experience across the media, telecommunications, sport and entertainment sectors, with vast interim credentials as a senior leader across multiple organizations. "Organizations
Korn Ferry (NYSE:KFY) today announced that Russ Hagey, a long-tenured leader at Bain & Company, has been elected to the company's board of directors. Hagey brings to Korn Ferry's board extensive talent management and consulting experience, having served at Bain & Company for more than four decades, most recently as a Senior Partner and the company's Chief Leadership Officer and prior to that as its Worldwide Chief Talent Officer. Hagey also has public and private company board experience. Throughout his career at Bain & Company, Hagey has consulted with diverse slates of clients in multiple industries, including large corporations, as well as venture and private equity-backed entities. Hi
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
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