Kinaxis (KXS) Set to Announce Quarterly Earnings on Wednesday

Kinaxis (TSE:KXS) will release its earnings data after the market closes on Wednesday, May 8th. Analysts expect Kinaxis to post earnings of C$0.71 per share for the quarter.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, February 28th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.68 by C($0.09). The company had revenue of C$152.48 million for the quarter, compared to analysts’ expectations of C$153.36 million. Kinaxis had a net margin of 2.36% and a return on equity of 2.35%.

Kinaxis Stock Performance

Shares of KXS opened at C$151.38 on Monday. The business has a 50-day simple moving average of C$150.50 and a two-hundred day simple moving average of C$151.04. The company has a quick ratio of 2.29, a current ratio of 2.54 and a debt-to-equity ratio of 11.39. Kinaxis has a 52 week low of C$129.13 and a 52 week high of C$191.80. The stock has a market cap of C$4.29 billion, a price-to-earnings ratio of 315.38, a PEG ratio of 3.60 and a beta of 0.76.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KXS shares. Eight Capital reduced their target price on shares of Kinaxis from C$230.00 to C$190.00 and set a “buy” rating for the company in a report on Friday, March 1st. Stifel Nicolaus decreased their price objective on shares of Kinaxis from C$235.00 to C$215.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. Scotiabank dropped their target price on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a report on Friday, March 1st. CIBC cut their price target on Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Finally, National Bankshares lowered their price objective on Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Kinaxis currently has an average rating of “Buy” and an average price target of C$199.44.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 683 shares of Kinaxis stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$101,155.85. Following the sale, the insider now directly owns 586 shares in the company, valued at approximately C$86,789.65. In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 683 shares of Kinaxis stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$101,155.85. Following the sale, the insider now directly owns 586 shares in the company, valued at approximately C$86,789.65. Also, Director J. Ian Giffen sold 5,000 shares of Kinaxis stock in a transaction on Thursday, March 21st. The shares were sold at an average price of C$154.14, for a total transaction of C$770,691.50. In the last ninety days, insiders have sold 24,752 shares of company stock worth $3,685,930. Insiders own 1.15% of the company’s stock.

About Kinaxis

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.