Equities analysts predict that KLX Inc. (NASDAQ:KLXI) will announce $0.67 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for KLX’s earnings, with estimates ranging from $0.66 to $0.70. KLX posted earnings of $0.43 per share in the same quarter last year, which suggests a positive year over year growth rate of 55.8%. The company is scheduled to issue its next quarterly earnings results on Wednesday, August 23rd.
On average, analysts expect that KLX will report full year earnings of $2.81 per share for the current year, with EPS estimates ranging from $2.75 to $2.86. For the next financial year, analysts anticipate that the business will post earnings of $3.43 per share, with EPS estimates ranging from $3.02 to $3.90. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for KLX.
KLX (NASDAQ:KLXI) last issued its earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.06. KLX had a net margin of 4.24% and a return on equity of 3.99%. The company had revenue of $411.30 million during the quarter, compared to analysts’ expectations of $409.95 million.
A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of KLX from a “hold” rating to a “strong-buy” rating and set a $56.00 price target for the company in a research note on Saturday, July 1st. BidaskClub lowered shares of KLX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 21st. Deutsche Bank AG boosted their target price on shares of KLX from $51.00 to $52.00 and gave the stock a “hold” rating in a report on Wednesday, April 19th. TheStreet upgraded shares of KLX from a “c+” rating to a “b-” rating in a report on Wednesday, June 7th. Finally, Cowen and Company reiterated an “outperform” rating and issued a $52.00 target price on shares of KLX in a report on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. KLX presently has a consensus rating of “Buy” and a consensus target price of $55.40.
KLX (KLXI) opened at 52.72 on Friday. KLX has a one year low of $32.03 and a one year high of $54.40. The stock has a market capitalization of $2.73 billion, a PE ratio of 42.86 and a beta of 1.28. The firm has a 50-day moving average of $50.76 and a 200-day moving average of $48.70.
In other news, insider Roger Mark Franks sold 2,447 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $47.70, for a total transaction of $116,721.90. Following the sale, the insider now owns 21,444 shares in the company, valued at $1,022,878.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 3,163 shares of company stock worth $153,553 in the last 90 days. 1.77% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in KLXI. BlackRock Inc. raised its stake in KLX by 16,238.1% in the first quarter. BlackRock Inc. now owns 6,303,731 shares of the aerospace company’s stock worth $281,777,000 after buying an additional 6,265,148 shares in the last quarter. Vanguard Group Inc. raised its stake in KLX by 4.9% in the first quarter. Vanguard Group Inc. now owns 4,292,293 shares of the aerospace company’s stock worth $191,865,000 after buying an additional 201,203 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in KLX by 36.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,675,495 shares of the aerospace company’s stock worth $119,593,000 after buying an additional 708,731 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in KLX by 62.7% in the first quarter. Goldman Sachs Group Inc. now owns 2,620,065 shares of the aerospace company’s stock worth $117,117,000 after buying an additional 1,009,575 shares in the last quarter. Finally, State Street Corp raised its stake in KLX by 11.3% in the first quarter. State Street Corp now owns 2,167,821 shares of the aerospace company’s stock worth $96,904,000 after buying an additional 219,261 shares in the last quarter.
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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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