News headlines about KLX (NASDAQ:KLXI) have been trending somewhat positive on Wednesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KLX earned a news sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the aerospace company an impact score of 45.9622747567675 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several equities research analysts recently weighed in on the company. BidaskClub cut KLX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 7th. SunTrust Banks restated a “buy” rating and set a $78.00 target price (up from $65.00) on shares of KLX in a report on Tuesday, January 2nd. Buckingham Research cut KLX from a “buy” rating to a “neutral” rating in a report on Tuesday, December 26th. Jefferies Group restated a “hold” rating and set a $63.00 target price on shares of KLX in a report on Tuesday, December 26th. Finally, Cowen restated a “buy” rating and set a $67.00 target price on shares of KLX in a report on Thursday, December 14th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $65.00.
Shares of KLX (NASDAQ:KLXI) opened at $65.85 on Wednesday. The firm has a market capitalization of $3,320.00, a PE ratio of 43.61, a P/E/G ratio of 3.12 and a beta of 1.26. KLX has a fifty-two week low of $42.45 and a fifty-two week high of $72.53. The company has a current ratio of 6.91, a quick ratio of 2.21 and a debt-to-equity ratio of 0.52.
KLX (NASDAQ:KLXI) last issued its earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.10. The company had revenue of $456.70 million during the quarter, compared to analysts’ expectations of $442.26 million. KLX had a return on equity of 5.14% and a net margin of 4.99%. The firm’s quarterly revenue was up 17.4% compared to the same quarter last year. equities analysts predict that KLX will post 2.86 earnings per share for the current fiscal year.
In other KLX news, VP Heather Floyd sold 2,024 shares of the stock in a transaction that occurred 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 completion of the sale, the vice president now owns 13,811 shares in the company, valued at approximately $842,471. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Theodore L. Weise sold 2,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 7,083 shares of the company’s stock, valued at approximately $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 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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