National Bank Financial Weighs in on Kinaxis’ Q2 2018 Earnings (KXS)

Kinaxis (TSE:KXS) – Equities researchers at National Bank Financial issued their Q2 2018 earnings per share (EPS) estimates for shares of Kinaxis in a research note issued to investors on Thursday, May 3rd. National Bank Financial analyst R. Tse forecasts that the company will post earnings of $0.28 per share for the quarter. National Bank Financial currently has a “Outperform” rating and a $100.00 target price on the stock. National Bank Financial also issued estimates for Kinaxis’ FY2018 earnings at $1.26 EPS and FY2019 earnings at $1.79 EPS.

Kinaxis (TSE:KXS) last issued its earnings results on Wednesday, February 28th. The company reported C$0.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.28 by C($0.01). Kinaxis had a return on equity of 21.57% and a net margin of 18.01%. The company had revenue of C$43.72 million for the quarter, compared to the consensus estimate of C$43.54 million.

A number of other equities research analysts also recently issued reports on KXS. TD Securities upped their price target on shares of Kinaxis from C$93.00 to C$98.00 in a research note on Friday, March 2nd. Scotiabank upped their price target on shares of Kinaxis from C$78.00 to C$90.00 and gave the company an “outperform” rating in a research note on Friday, March 2nd. Canaccord Genuity raised shares of Kinaxis from a “hold” rating to a “buy” rating and upped their price target for the company from C$75.00 to C$96.00 in a research note on Friday, March 2nd. Eight Capital upped their price target on shares of Kinaxis from C$90.00 to C$100.00 in a research note on Friday, March 2nd. Finally, Royal Bank of Canada upped their price target on shares of Kinaxis from C$90.00 to C$95.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$92.20.

Kinaxis stock opened at C$81.24 on Monday. Kinaxis has a 52-week low of C$63.15 and a 52-week high of C$91.98.

In other news, insider Sarah Mayme Sedgman sold 1,046 shares of the stock in a transaction on Friday, March 23rd. The shares were sold at an average price of C$83.08, for a total value of C$86,901.68. Also, insider Vasile Gelu Ticala sold 2,200 shares of the stock in a transaction on Monday, March 12th. The shares were sold at an average price of C$85.50, for a total transaction of C$188,100.00. In the last ninety days, insiders have sold 17,721 shares of company stock worth $1,508,344.

Kinaxis Company Profile

Kinaxis Inc is a provider of cloud-based subscription software for supply chain operations. The Company offers RapidResponse as a collection of cloud-based configurable applications. The Company’s RapidResponse product provides supply chain planning and analytics capabilities that create the foundation for managing multiple, interconnected supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment and capacity planning.

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