Kinaxis (KXS) Set to Announce Earnings on Wednesday

Kinaxis (TSE:KXS) is scheduled to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Kinaxis to post earnings of C$0.83 per share for the quarter.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, July 31st. The company reported C$0.42 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.15. The company had revenue of C$161.83 million during the quarter, compared to the consensus estimate of C$160.55 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%.

Kinaxis Price Performance

Kinaxis stock opened at C$157.05 on Monday. The business’s 50-day simple moving average is C$154.74 and its 200 day simple moving average is C$154.09. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The stock has a market cap of C$4.44 billion, a price-to-earnings ratio of 157.05, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis has a 12-month low of C$129.13 and a 12-month high of C$172.83.

Wall Street Analyst Weigh In

KXS has been the topic of several recent research reports. Scotiabank reduced their target price on shares of Kinaxis from C$200.00 to C$190.00 in a research note on Thursday, August 29th. Stifel Nicolaus lowered their target price on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, August 2nd. ATB Capital dropped their target price on shares of Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Finally, TD Securities reduced their price target on Kinaxis from C$200.00 to C$195.00 in a research report on Friday, August 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Kinaxis presently has an average rating of “Moderate Buy” and a consensus target price of C$192.11.

Insider Transactions at Kinaxis

In other Kinaxis news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of Kinaxis stock in a transaction dated Friday, August 9th. The stock was sold at an average price of C$152.00, for a total transaction of C$667,584.00. In other news, Senior Officer Megan Paterson sold 3,172 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$156.28, for a total value of C$495,720.16. Following the completion of the transaction, the insider now owns 121 shares in the company, valued at C$18,909.88. This represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$152.00, for a total transaction of C$667,584.00. Insiders have sold a total of 8,265 shares of company stock valued at $1,268,146 over the last three months. 1.20% of the stock is currently owned by corporate insiders.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.