Somewhat Favorable News Coverage Somewhat Unlikely to Affect KLX (KLXI) Share Price
Headlines about KLX (NASDAQ:KLXI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KLX earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news coverage about the aerospace company an impact score of 46.1277917839894 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern’s rankings:
- Rhumbline Advisers Boosts Position in KLX Inc (KLXI) (americanbankingnews.com)
- WINTON GROUP Ltd Has $10.21 Million Position in KLX Inc (KLXI) (americanbankingnews.com)
- BlackRock Inc. Has $469.33 Million Holdings in KLX Inc (KLXI) (americanbankingnews.com)
- KLX Inc (KLXI) Stake Increased by Teacher Retirement System of Texas (americanbankingnews.com)
- Why These 17 Stocks Have Takeover Appeal (finance.yahoo.com)
A number of equities research analysts have weighed in on the company. BidaskClub raised KLX from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 22nd. Zacks Investment Research downgraded KLX from a “buy” rating to a “hold” rating in a report on Saturday, February 24th. ValuEngine downgraded KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Cowen reiterated a “buy” rating and issued a $57.00 price target on shares of KLX in a report on Wednesday, December 6th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. KLX currently has an average rating of “Buy” and a consensus price target of $67.40.
KLX (NASDAQ:KLXI) last announced its quarterly earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $456.70 million for the quarter, compared to the consensus estimate of $442.26 million. KLX’s quarterly revenue was up 17.4% compared to the same quarter last year. sell-side analysts anticipate that KLX will post 2.86 earnings per share for the current fiscal year.
In other news, VP Heather Floyd sold 2,024 shares of KLX stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $61.00, for a total value of $123,464.00. Following the transaction, the vice president now directly owns 13,811 shares in the company, valued at approximately $842,471. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Theodore L. Weise sold 2,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $60.69, for a total value of $121,380.00. Following the transaction, the director now owns 7,083 shares in the company, valued at $429,867.27. The disclosure for this sale can be found here. Company insiders own 1.77% of the company’s stock.
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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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