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March 7, 2014
10:58 EDTKFY, MAN, HSII, CTPKorn/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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April 21, 2015
07:31 EDTMANManpower sees Q2 EPS $1.21-$1.29, consensus $1.27
Q2 EPS guidance includes estimated unfavorable impact of 29c.
07:31 EDTMANManpower: Q1 significantly impacted by stronger US dollar
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07:31 EDTMANManpower reports Q1 EPS 83c, consensus 79c
Reports Q1 revenue $4.54B, consensus $4.47B
April 20, 2015
16:42 EDTCTPCTPartners appoints David Nocifora CEO
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15:37 EDTMANNotable companies reporting before tomorrow's open
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April 15, 2015
18:17 EDTCTPCTPartners withdraws FY15 revenue guidance
The company stated that it has withdrawn its full year 2015 revenue guidance that was provided on January 28th. CTPartners commented that its international operations, which contributed 40% of total revenue in 2014, remains strong and continued to experience solid demand for its services from existing and new clients. As of April 15, CTPartners had 149 partners. The U.S. based business experienced softness because of reduced client demand as the company’s reputation was compromised due to adverse and misleading media reports as well as the departure of fifteen senior level consultants.
18:16 EDTCTPCTPartners says Q1 search assignments up 11.5%, sees Q1 revenue $35M
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18:14 EDTCTPCTPartners reports Q4 adjusted EPS (8c) vs. 12c a year ago
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April 14, 2015
17:18 EDTCTPCTPartners says COO David Nocifora to assume CEO role
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