|Over a week ago|
Korn/Ferry upgraded to Buy from Neutral at Sidoti » 08:4207/1607/16/20
Sidoti analyst Marc…
Sidoti analyst Marc Riddick upgraded Korn/Ferry to Buy from Neutral with a price target of $43, up from $36. He thinks the company's free cash flow can support higher share buybacks and sees EPS growth resuming in FY22, the analyst tells investors.
Dine Brands appoints Michael Hyter as member of Board of Directors » 17:0107/1407/14/20
The Board of Directors of…
The Board of Directors of Dine Brands Global announced the appointment of Michael Hyter as a new independent member of its Board of Directors. Hyter served as Managing Partner of the Korn Ferry International (KFY), Washington D.C. office since 2012 and played an instrumental role in growing the breadth of their D.C. operation. He was recently appointed Chief Diversity Officer for Korn Ferry International.
|Over a month ago|
Korn/Ferry reports Q4 fee revenue $440.5M, Q4 total revenue $449M 09:1007/0207/02/20
Q4 consensus $436.38M.
Korn/Ferry not issuing Q1 guidance due to COVID-19 impact » 09:0707/0207/02/20
The company said,…
The company said, "Although COVID-19 has been with us for a number of months, significant uncertainty about its ultimate impact on society and the global economic environment remains. The pandemic has spread across the globe, infecting different parts of the world at varying points in time and with varying levels of intensity. The response, out of necessity, has been conducted in large part at a very local level, with societies and economies closing and reopening at different points in time and in different ways. Further, the pandemic has had a profound and unprecedented impact on traditional behavior and societal norms. Governments and companies have mandated never before seen rules regarding working from home, social distancing, and workplace safety, and have severely restricted travel and in-person interaction. As the world begins to slowly and sporadically reopen, we are seeing a resurgence of COVID-19 cases in a number of geographies. The extent to which measures taken are reinstated and new and incremental measures are put in place, and the manner in which authoritative bodies continue to respond, remains a major unknown. While our clients and colleagues are demonstrating real resiliency as they find new and different ways of working together (including the adoption of virtual delivery of our services and solutions), the unprecedented nature of what we are currently experiencing, combined with conflicting and ever-changing datapoints, continues to cloud the near-term predictability of our business. Consequently, and consistent with our approach to the fourth quarter of FY'20, we will not issue any specific revenue or earnings guidance for the first quarter of FY'21. We plan to reassess the suspension of our guidance once we are comfortable that the coronavirus uncertainties have largely passed."
Korn/Ferry reports Q4 adjusted EPS 60c, consensus 39c » 09:0507/0207/02/20
Reports Q4 revenue…
Reports Q4 revenue $440.5M, consensus $436.38M.
Korn/Ferry names Michael Hyter as chief diversity officer » 12:3106/1106/11/20
Korn Ferry announced that…
Korn Ferry announced that Michael Hyter has been appointed as the firm's Chief Diversity Officer. He will report directly to Korn Ferry CEO Gary Burnison and join the senior executive team. Hyter joined Korn Ferry in 2012 after the acquisition of Global Novations. "I'm thrilled Mike is assuming the role of Chief Diversity Officer. He is the right person, at the right time to further our embrace of diverse perspectives and backgrounds and drive meaningful change within Korn Ferry and with clients," said Burnison.
Korn/Ferry downgraded to Neutral from Buy at Sidoti » 09:2406/0806/08/20
Sidoti analyst Marc…
Sidoti analyst Marc Riddick downgraded Korn/Ferry to Neutral from Buy citing valuation with the stock approaching his unchanged price target of $36.
Korn/Ferry upgraded to Neutral on valuation at Credit Suisse » 06:2105/2105/21/20
Credit Suisse analyst…
Credit Suisse analyst Kevin McVeigh upgraded Korn/Ferry to Neutral from Underperform with a price target of $32, up from $22. With the Staffing stocks down 40% since August 2018, the analyst upgrades the names to Neutral as he believes the current risk/reward profiles are "less compelling at this level." Valuations are now in-line with three-year averages and the stocks typically bottom as jobless claims peak, McVeigh tells investors in a research note.
Korn/Ferry upgraded to Neutral from Underperform at Credit Suisse » 05:1505/2105/21/20
Credit Suisse analyst…
Credit Suisse analyst Kevin McVeigh upgraded Korn/Ferry to Neutral from Underperform with a $32 price target.
|Over a quarter ago|
Goldman cuts staffing estimates, says buy Korn/Ferry, sell Robert Half » 07:1204/0604/06/20
KFY, RHI, MAN
Goldman Sachs analyst…
Goldman Sachs analyst George Tong expects demand for staffing services to "materially moderate" over the next two to three quarters given the COVID-19 backdrop and he "sharply" cut his estimates across the staffing companies he covers, including Robert Half (RHI), which he believes is particularly at risk during a recession since it generates 75% of its revenue from temp staffing. He keeps a Sell rating on Robert Half and with a $33 price target, down from $53. He also cut his estimates for Korn/Ferry (KFY) and lowered his price target on the shares to $31 from $42, but keeps a Buy rating, citing the company's diversified revenue streams, lowered mix of pro-cyclical executive search revenue, and "idiosyncratic growth drivers." Additionally, Tong cut his estimates for ManpowerGroup (MAN), cut his price target for the stock to $51 from $93 and keeps a Neutral rating on the shares.