KLX Inc. (KLXI) to Release Earnings on Wednesday
KLX Inc. (NASDAQ:KLXI) is scheduled to be releasing its earnings data before the market opens on Wednesday, August 23rd. Analysts expect KLX to post earnings of $0.76 per share for the quarter.
KLX (NASDAQ:KLXI) last announced its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. KLX had a return on equity of 3.99% and a net margin of 4.24%. The company had revenue of $411.30 million during the quarter, compared to analyst estimates of $409.95 million. On average, analysts expect KLX to post $3.08 EPS for the current fiscal year and $3.93 EPS for the next fiscal year.
Shares of KLX Inc. (KLXI) opened at 50.03 on Wednesday. The company has a 50-day moving average price of $51.31 and a 200 day moving average price of $48.84. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 40.67 and a beta of 1.28. KLX Inc. has a one year low of $32.23 and a one year high of $54.40.
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In other KLX news, insider Roger Mark Franks sold 2,447 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $47.70, for a total value of $116,721.90. Following the completion of the sale, the insider now owns 21,444 shares in the company, valued at $1,022,878.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last 90 days, insiders sold 3,163 shares of company stock valued at $153,553. Company insiders own 1.77% of the company’s stock.
A number of analysts recently commented on the company. Zacks Investment Research cut KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. TheStreet upgraded KLX from a “c+” rating to a “b-” rating in a research report on Wednesday, June 7th. Cowen and Company reiterated a “buy” rating and set a $52.00 price objective on shares of KLX in a research report on Monday, July 17th. BidaskClub cut KLX from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Deutsche Bank AG upped their price objective on KLX from $51.00 to $52.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $55.40.
KLX Inc (KLX) is the distributor and service provider of aerospace fasteners and consumables. The Company offers ranges of aerospace hardware and consumables and inventory management services across the world. The Company operates through two segments: Aerospace Solutions Group (ASG) and Energy Services Group (ESG).
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