KORN FERRY (KFY) Sep 2024 Earnings Report
Korn Ferry: Investment Report
Overview
Korn Ferry is a global organizational consulting firm that provides a range of services, including executive search, talent management, and leadership development. The company has a strong reputation in the industry, with a diverse client base across various sectors. As of September 10, 2024, the company's stock price is $68.99, with a market capitalization of $3.59 billion. This report provides an in-depth analysis of Korn Ferry's financial performance, growth prospects, and recent news and updates, to help investors make informed decisions.
Core Metrics
- Current price: $68.99
- 52-week high: $75.30
- 52-week low: $44.45
- Market Cap: $3.59 billion
- P/E Ratio: 19.66
- Earnings per Share: $3.51
- 50-day average: $69.38
- 200-day average: $63.12
- Analyst Recommendations: Buy (4 analysts)
Financial Performance
Korn Ferry's Q1 2025 earnings report showed a revenue decline of 3.5% year-over-year, but still managed to beat earnings expectations with an EPS of $1.18. The company's executive search arm accounted for 31% of its revenue during the latest quarter, indicating a strong demand for its services. The company's cash flow and profitability metrics, such as EBITDA and operating cash flow, are also strong, indicating a solid financial foundation.
Growth Prospects
Korn Ferry's growth prospects are promising, driven by the increasing demand for its services in the wake of the COVID-19 pandemic. The company's focus on digital talent technology and its expansion into new markets are expected to drive growth in the future. Additionally, the company's strong cash flow generation and modest debt levels provide a solid foundation for investment in growth initiatives.
News and Updates
Recent news articles highlight the company's strong performance in the executive search space, with revenue up for the latest quarter. The company's Q1 2025 earnings report was also well-received by investors, with the stock price increasing following the announcement.
Upgrades and Downgrades
Truist Securities reiterated its Buy rating on Korn Ferry in June 2024, citing the company's strong cash flow generation and solid financial foundation. Baird also maintained its Outperform rating on the company, highlighting its growth prospects and solid execution.
Summary
In conclusion, Korn Ferry is a solid investment opportunity for those looking to gain exposure to the human resources and staffing sector. The company's strong financial performance, growth prospects, and solid cash flow generation make it an attractive option. With a Buy rating from four analysts, Korn Ferry is well-positioned to continue its growth trajectory in the coming quarters.
Disclosures
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