KLX (KLXI) Issues FY18 Earnings Guidance
KLX (NASDAQ:KLXI) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $3.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.05.
A number of research analysts have recently commented on the company. ValuEngine downgraded KLX from a buy rating to a hold rating in a research report on Friday, December 1st. Zacks Investment Research upgraded KLX from a sell rating to a hold rating in a research report on Tuesday, October 24th. Cowen reiterated a buy rating and set a $57.00 target price on shares of KLX in a research report on Thursday, October 19th. BidaskClub downgraded KLX from a buy rating to a hold rating in a research report on Wednesday. Finally, Jefferies Group reiterated a hold rating and set a $51.00 target price (down from $55.00) on shares of KLX in a research report on Thursday, August 24th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $55.40.
Shares of KLX (NASDAQ KLXI) opened at $53.91 on Wednesday. The stock has a market capitalization of $2,848.92, a price-to-earnings ratio of 28.84, a P/E/G ratio of 3.30 and a beta of 1.31. KLX has a 52-week low of $41.92 and a 52-week high of $56.69. The company has a debt-to-equity ratio of 0.52, a current ratio of 7.28 and a quick ratio of 2.27.
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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