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News Breaks
March 7, 2014
10:58 EDTHSII, CTP, KFY, MANKorn/Ferry hits new 52-week high after better than expected results, guidance
Shares of executive recruitment company Korn/Ferry (KFY) hit a new 52-week high after easily beating third quarter estimates. WHAT'S NEW: Last night, Korn/Ferry reported Q3 adjusted earnings per share of 43c and revenue of $251M against consensus views of 34c and $229.23M. Q4 EPS was forecast at 35c-41c versus analysts’ estimates of 37c. Q4 fee revenue was seen at $240M-$250M. ANALYST REACTON: This morning, research firm SunTrust Robinson Humphrey raised its price target on Korn/Ferry to $34 from $30 and maintained a Buy rating on the shares. The firm said the company’s exposure to improving markets should create market share gain and cause its multiple to expand. Another firm, William Blair, maintained its Outperform rating on the stock. The firm said the stock remains attractive with potential for double-digit earnings growth and modest upside to estimates. PRICE ACTION: In early morning trading, Korn/Ferry rose $2.77, or 10.7%, to $28.60 on nearly three times its average daily trading volume. Earlier in the session, the stock made a new 52-week high of $29.06. Over the past 12 months, the stock has gained approximately 60%. OTHERS TO WATCH: Others in the recruitment industry include Heidrick & Stuggles (HSII), ManpowerGroup (MAN), and CTPartners Executive Search (CTP).
News For KFY;HSII;MAN;CTP From The Last 14 Days
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December 18, 2014
08:32 EDTKFYKorn/Ferry expects to declare first quarterly dividend in March 2015
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December 11, 2014
12:13 EDTKFYKorn/Ferry management to meet with Piper Jaffray
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December 10, 2014
07:03 EDTHSIIHeidrick & Struggles to name Richard Greene Chief Human Resources Officer
Heidrick & Struggles announced that it would appoint Richard "Rick" Greene as Executive Vice President and Chief Human Resources Officer, effective January 1, 2015. Greene recently rejoined Heidrick & Struggles after three years at Bunge,
December 9, 2014
18:21 EDTKFYOn The Fly: After Hours Movers
UP AFTER EARNINGS: Korn/Ferry (KFY), up 3.1%... Analogic (ALOG), up 2.7%. DOWN AFTER EARNINGS: Freshpet (FRPT), down 8.5% after reporting quarterly results... Krispy Kreme (KKD), down 4.9%... Broadcom (BRCM), reverses to down just below 1%. ALSO LOWER: Agios Pharmaceuticals (AGIO), down 1.9% after filing to sell $175M of common stock... Yum! Brands (YUM), down 4.6% after providing fiscal 2015 operating guidance.
16:12 EDTKFYKorn/Ferry sees Q3 EPS 43c-49, consensus 46c
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16:10 EDTKFYKorn/Ferry increases share repurchase plan to $150M
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16:09 EDTKFYKorn/Ferry declares quarterly dividend of 10c per share
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16:08 EDTKFYKorn/Ferry reports Q2 EPS 51c, consensus 45c
Reports Q2 revenue $264.7M, consensus $251.35M.
15:18 EDTKFYNotable companies reporting after market close
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December 8, 2014
18:58 EDTCTPCTPartners says EEOC complaint does not have merit
CTPartners is aware that a complaint by a former employee has been submitted to the Equal Employment Opportunity Commission, or EEOC. CTPartners takes all allegations of discrimination very seriously. As soon as the firm was informed of concerns by an employee earlier this year, the COO undertook a comprehensive investigation, along with external counsel. Based on that investigation, the company believes that the claim does not have merit.
18:43 EDTCTPCTPartners Executive Search announces withdrawal of public offering
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07:10 EDTCTPCTPartners files to sell 1.1M shares of common stock
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