Equities research analysts expect that KLX Energy Services Holdings Inc (NASDAQ:KLXE) will report earnings per share of $0.33 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for KLX Energy Services’ earnings, with estimates ranging from $0.32 to $0.33. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 28th.
On average, analysts expect that KLX Energy Services will report full-year earnings of $1.19 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $1.85. For the next financial year, analysts anticipate that the firm will post earnings of $2.83 per share, with EPS estimates ranging from $2.24 to $3.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow KLX Energy Services.
KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings results on Wednesday, May 22nd. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.17. KLX Energy Services had a net margin of 0.68% and a return on equity of 14.25%. The business had revenue of $145.80 million for the quarter, compared to the consensus estimate of $157.40 million. The business’s quarterly revenue was up 1457900.0% compared to the same quarter last year.
Several equities analysts have recently commented on KLXE shares. Piper Jaffray Companies downgraded shares of KLX Energy Services from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $29.50 to $25.50 in a report on Thursday, May 30th. ValuEngine downgraded shares of KLX Energy Services from a “sell” rating to a “strong sell” rating in a report on Thursday, May 23rd. Finally, Zacks Investment Research raised shares of KLX Energy Services from a “strong sell” rating to a “hold” rating in a report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $26.75.
In related news, VP Gary J. Roberts bought 15,000 shares of the stock in a transaction dated Monday, June 10th. The shares were purchased at an average price of $19.87 per share, with a total value of $298,050.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Theodore L. Weise bought 2,000 shares of the stock in a transaction dated Friday, May 24th. The stock was bought at an average cost of $22.48 per share, for a total transaction of $44,960.00. The disclosure for this purchase can be found here. Insiders bought 22,000 shares of company stock worth $439,260 in the last three months. Insiders own 10.70% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Spark Investment Management LLC bought a new stake in KLX Energy Services in the first quarter worth $294,000. THB Asset Management bought a new stake in KLX Energy Services in the first quarter worth $7,441,000. Wellington Shields Capital Management LLC bought a new stake in KLX Energy Services in the first quarter worth $302,000. Gabelli Funds LLC bought a new stake in KLX Energy Services in the first quarter worth $4,177,000. Finally, Wellington Shields & Co. LLC bought a new stake in KLX Energy Services in the first quarter worth $2,011,000. Institutional investors own 85.82% of the company’s stock.
Shares of KLXE stock traded down $0.35 during mid-day trading on Monday, hitting $13.27. The company had a trading volume of 210,309 shares, compared to its average volume of 127,733. KLX Energy Services has a 52-week low of $13.15 and a 52-week high of $36.13. The company has a 50 day simple moving average of $18.54. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.07 and a quick ratio of 2.87. The stock has a market capitalization of $363.90 million and a P/E ratio of 4.72.
KLX Energy Services Company Profile
KLX Energy Services Holdings, Inc provides completion, intervention, and production services and products to the onshore oil and gas producing regions of the United States. It offers a range of technical services, and related tools and equipment to companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves.
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