KLX (KLXI) Earns Media Sentiment Rating of 0.24

News coverage about KLX (NASDAQ:KLXI) has been trending somewhat positive on Friday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. KLX earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media stories about the aerospace company an impact score of 45.0978440690317 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

KLXI has been the topic of a number of research reports. SunTrust Banks raised their price target on KLX to $65.00 in a research report on Thursday, December 7th. Cowen restated a “buy” rating and set a $57.00 price target on shares of KLX in a research report on Wednesday, December 6th. BidaskClub upgraded KLX from a “hold” rating to a “buy” rating in a research report on Friday, December 15th. Jefferies Group reaffirmed a “hold” rating and set a $63.00 price objective on shares of KLX in a research note on Tuesday, December 26th. Finally, ValuEngine cut KLX from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $64.80.

Shares of KLX (NASDAQ:KLXI) traded up $1.09 during trading hours on Friday, hitting $70.80. The stock had a trading volume of 413,200 shares, compared to its average volume of 493,813. KLX has a 52-week low of $42.45 and a 52-week high of $70.85. The company has a market capitalization of $3,570.00, a PE ratio of 46.89, a P/E/G ratio of 4.02 and a beta of 1.32. The company has a quick ratio of 2.21, a current ratio of 6.91 and a debt-to-equity ratio of 0.52.

KLX (NASDAQ:KLXI) last posted its earnings results on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.10. The company had revenue of $456.70 million for 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 revenue was up 17.4% compared to the same quarter last year. research analysts expect that KLX will post 2.85 EPS for the current fiscal year.

In related news, VP Heather Floyd sold 2,024 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $61.00, for a total value of $123,464.00. Following the sale, the vice president now directly owns 13,811 shares of the company’s stock, valued at $842,471. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of the firm’s stock in a transaction dated 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 directly owns 7,083 shares in the company, valued at $429,867.27. The disclosure for this sale can be found here. 1.77% of the stock is owned by company insiders.

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KLX Company Profile

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).

Insider Buying and Selling by Quarter for KLX (NASDAQ:KLXI)

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