Kinaxis (KXS) Scheduled to Post Quarterly Earnings on Wednesday

Kinaxis (TSE:KXS) will be announcing its earnings results after the market closes on Wednesday, May 8th. Analysts expect the company to announce earnings of C$0.71 per share for the quarter.

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

Kinaxis Stock Up 0.1 %

Shares of TSE:KXS opened at C$151.59 on Tuesday. Kinaxis has a 52-week low of C$129.13 and a 52-week high of C$191.80. The company has a market capitalization of C$4.29 billion, a PE ratio of 315.81, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76. The company has a debt-to-equity ratio of 11.39, a quick ratio of 2.29 and a current ratio of 2.54. The company has a fifty day moving average of C$150.43 and a 200-day moving average of C$151.12.

Analyst Upgrades and Downgrades

Several research firms have commented on KXS. CIBC dropped their target price on Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. National Bankshares cut their target price on shares of 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. Scotiabank decreased their price target on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. TD Securities cut their price target on shares of Kinaxis from C$210.00 to C$200.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Finally, BMO Capital Markets decreased their price target on Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating for the company in a research note on Friday, March 1st. Eight analysts have rated the stock with a buy rating, According to data from MarketBeat, Kinaxis has a consensus rating of “Buy” and a consensus price target of C$199.44.

Insider Activity at Kinaxis

In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 683 shares of Kinaxis stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of C$148.11, for a total value of C$101,155.85. Following the completion of the sale, the insider now directly owns 586 shares in the company, valued at C$86,789.65. In other news, Director John Ernest Sicard sold 7,516 shares of the stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total transaction of C$1,113,158.68. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 586 shares of the company’s stock, valued at C$86,789.65. Insiders have sold a total of 24,752 shares of company stock worth $3,685,930 in the last 90 days. Corporate insiders own 1.15% of the company’s stock.

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.