Wall Street brokerages expect KLX Inc (NASDAQ:KLXI) to announce $456.80 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for KLX’s earnings, with the lowest sales estimate coming in at $456.00 million and the highest estimate coming in at $457.60 million. KLX reported sales of $382.00 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.6%. The firm is expected to issue its next earnings report on Tuesday, March 6th.

On average, analysts expect that KLX will report full-year sales of $456.80 million for the current financial year. For the next financial year, analysts forecast that the company will post sales of $1.94 billion per share, with estimates ranging from $1.91 billion to $1.98 billion. Zacks’ sales averages are an average based on a survey of research firms that cover KLX.

KLX (NASDAQ:KLXI) last posted its quarterly earnings data on Wednesday, December 6th. The aerospace company reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. KLX had a return on equity of 5.14% and a net margin of 4.99%. The company had revenue of $456.70 million during the quarter, compared to analyst estimates of $442.26 million. KLX’s revenue for the quarter was up 17.4% on a year-over-year basis.

Several research analysts have recently commented on KLXI shares. BidaskClub lowered shares of KLX from a “buy” rating to a “hold” rating in a research note on Wednesday, December 6th. ValuEngine downgraded shares of KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. SunTrust Banks upped their price objective on shares of KLX to $65.00 in a report on Thursday, December 7th. Cowen reiterated a “buy” rating and issued a $67.00 price objective on shares of KLX in a report on Thursday, December 14th. Finally, Jefferies Group reiterated a “hold” rating and issued a $63.00 price objective on shares of KLX in a report on Tuesday, December 26th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $65.00.

KLX (NASDAQ KLXI) traded down $0.59 during trading hours on Monday, reaching $65.29. The company’s stock had a trading volume of 96,553 shares, compared to its average volume of 392,340. The company has a current ratio of 6.91, a quick ratio of 2.21 and a debt-to-equity ratio of 0.52. The stock has a market cap of $3,367.38, a price-to-earnings ratio of 29.85, a P/E/G ratio of 3.20 and a beta of 1.26. KLX has a 52 week low of $42.45 and a 52 week high of $72.53.

In related news, Director Theodore L. Weise sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $60.69, for a total value of $121,380.00. Following the transaction, the director now directly owns 7,083 shares in the company, valued at $429,867.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Heather Floyd sold 2,024 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $61.00, for a total transaction of $123,464.00. Following the completion of the transaction, the vice president now owns 13,811 shares in the company, valued at $842,471. The disclosure for this sale can be found here. Corporate insiders own 1.77% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sciencast Management LP lifted its position in KLX by 4.3% during the second quarter. Sciencast Management LP now owns 4,714 shares of the aerospace company’s stock worth $236,000 after purchasing an additional 196 shares during the period. Suntrust Banks Inc. lifted its holdings in shares of KLX by 3.9% in the second quarter. Suntrust Banks Inc. now owns 9,185 shares of the aerospace company’s stock worth $458,000 after acquiring an additional 346 shares during the last quarter. Thrivent Financial For Lutherans lifted its holdings in shares of KLX by 5.1% in the second quarter. Thrivent Financial For Lutherans now owns 10,465 shares of the aerospace company’s stock worth $523,000 after acquiring an additional 510 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of KLX by 44.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,428 shares of the aerospace company’s stock worth $234,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of KLX by 2.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 42,285 shares of the aerospace company’s stock worth $2,886,000 after acquiring an additional 1,084 shares during the last quarter.

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KLX Company Profile

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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Earnings History and Estimates for KLX (NASDAQ:KLXI)

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