KLX (KLXI) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS
KLX (NASDAQ:KLXI) announced its earnings results on Wednesday. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.10, Bloomberg Earnings reports. The company had revenue of $456.70 million during the quarter, compared to analysts’ expectations of $442.26 million. KLX had a net margin of 4.83% and a return on equity of 4.43%. The company’s revenue was up 17.4% on a year-over-year basis. KLX updated its FY18 guidance to $3.10 EPS.
KLX (KLXI) opened at $59.00 on Thursday. The company has a current ratio of 7.28, a quick ratio of 2.27 and a debt-to-equity ratio of 0.52. The stock has a market cap of $2,848.92, a PE ratio of 28.84, a price-to-earnings-growth ratio of 3.30 and a beta of 1.31. KLX has a 52-week low of $42.45 and a 52-week high of $59.88.
A number of equities analysts have issued reports on KLXI shares. Zacks Investment Research cut shares of KLX from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. BidaskClub cut shares of KLX from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th. Jefferies Group restated a “hold” rating and set a $51.00 target price (down previously from $55.00) on shares of KLX in a research report on Thursday, August 24th. Cowen restated an “outperform” rating and set a $55.00 target price (up previously from $52.00) on shares of KLX in a research report on Thursday, August 24th. Finally, ValuEngine cut shares of KLX from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. 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 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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