Korn/Ferry (KFY) Stock Down in After Hours Trading Today on Mixed Quarterly Earnings
NEW YORK (TheStreet) -- Korn/FerryInternational (KFY) - Get Report shares are down 7.23% to $29.50 in after-hours trading on Monday after the human resources and recruitment services provider released its quarterly financial results after the closing bell today.
The company reported fourth quarter earnings of 46 cents per diluted share which is in line with what analysts were expecting the company to report. However, quarterly fee revenue of $249.5 million fell just shy of analysts $250.6 million revenue expectations.
The company issued fourth quarter earnings guidance between 44 cents and 50 cents per share on revenue between $255 million and $265 million. Analysts on average are expecting the company to report earnings of 47 cents per share on revenue of $262.2 million.
TheStreet Ratings team rates KORN/FERRY INTERNATIONAL as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate KORN/FERRY INTERNATIONAL (KFY) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: KFY Ratings Report
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