KORN FERRY (KFY) Jun 2024 Earnings Report
Korn Ferry: Investment Report
Overview
Korn Ferry, a global organizational consulting firm, has been outperforming expectations despite challenges in its Executive Search segment. With a market cap of $3.49 billion and a current stock price of $67.14, the company has seen a 38% increase in stock price over the past year. In this report, we will delve into the company's financial performance, growth prospects, and news updates to provide a comprehensive analysis of its investment potential.
Core Metrics
- Current price: $67.14 USD
- 52-week high: $70.78 USD
- 52-week low: $44.45 USD
- Market Cap: $3.49 billion USD
- P/E Ratio: 20.786377
- Earnings per Share: $3.23 USD
- 50-day average: $64.65 USD
- 200-day average: $57.83 USD
- Analyst Recommendations: Buy (4 analysts)
Financial Performance
Korn Ferry's financial performance has been strong, with a revenue growth rate of -0.055 and gross margins of 0.2192. The company's EBITDA margins stand at 0.11339, indicating a healthy profitability. With a total cash balance of $966.42 million and a free cash flow of $249.74 million, the company has a solid financial foundation.
Growth Prospects
Korn Ferry's growth prospects are promising, driven by its diverse range of services and its presence in the growing human resources technology market. The company's cloud human resources platforms, including Korn Ferry Architect, Korn Ferry Assess, and Korn Ferry Listen, are expected to drive growth in the coming years.
News and Updates
Recent news articles have highlighted Korn Ferry's outperformance despite challenges in its Executive Search segment. The company's Q4 2024 earnings call transcript revealed a top-and-bottom-line beat, with further upside potential. Additionally, Korn Ferry has been featured in lists of biggest stock movers, indicating increased investor interest.
Upgrades and Downgrades
Truist Securities recently reiterated its "Buy" rating on Korn Ferry, while Baird maintained its "Outperform" rating. UBS has a "Neutral" rating on the stock.
Summary
In conclusion, Korn Ferry's strong financial performance, growth prospects, and positive analyst recommendations make it an attractive investment opportunity. With a solid financial foundation and a diverse range of services, the company is well-positioned to continue its outperformance. We recommend a "Buy" rating on Korn Ferry, citing its potential for further upside growth.
Disclosures
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