News stories about KLX (NASDAQ:KLXI) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KLX earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news stories about the aerospace company an impact score of 46.1404096423808 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.
A number of equities research analysts recently commented on the company. ValuEngine downgraded KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded KLX from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Buckingham Research downgraded KLX from a “buy” rating to a “neutral” rating in a report on Tuesday, December 26th. SunTrust Banks reiterated a “buy” rating and issued a $78.00 price objective (up previously from $65.00) on shares of KLX in a report on Tuesday, January 2nd. Finally, Cowen reiterated a “buy” rating and issued a $57.00 price objective on shares of KLX in a report on Thursday, October 19th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. KLX currently has a consensus rating of “Hold” and a consensus price target of $65.00.
KLX (NASDAQ KLXI) traded up $0.91 during mid-day trading on Friday, hitting $65.05. The stock had a trading volume of 427,221 shares, compared to its average volume of 350,368. The company has a quick ratio of 2.21, a current ratio of 6.91 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $3,276.24, a PE ratio of 39.91, a P/E/G ratio of 3.12 and a beta of 1.26. KLX has a 52 week low of $42.45 and a 52 week high of $72.53.
KLX (NASDAQ:KLXI) last posted its quarterly earnings data on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.10. KLX had a return on equity of 5.14% and a net margin of 4.99%. The company had revenue of $456.70 million during the quarter, compared to analysts’ expectations of $442.26 million. KLX’s quarterly revenue was up 17.4% compared to the same quarter last year. sell-side analysts anticipate that KLX will post 2.86 earnings per share for the current fiscal year.
In related news, 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 transaction of $121,380.00. Following the completion of the transaction, the director now directly owns 7,083 shares of the company’s stock, valued at $429,867.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Heather Floyd sold 2,024 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $61.00, for a total value of $123,464.00. Following the transaction, the vice president now directly owns 13,811 shares of the company’s stock, valued at $842,471. The disclosure for this sale can be found here. Corporate insiders own 1.77% of the company’s stock.
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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