KLX (NASDAQ:KLXI) issued its quarterly earnings data on Tuesday. The aerospace company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.06 by $0.06, Bloomberg Earnings reports. KLX had a return on equity of 6.03% and a net margin of 3.07%. The firm had revenue of $499.10 million during the quarter, compared to analyst estimates of $479.50 million. The company’s quarterly revenue was up 21.3% on a year-over-year basis.
Shares of KLX opened at $74.19 on Tuesday, Marketbeat.com reports. The firm has a market capitalization of $3.71 billion, a P/E ratio of 26.98, a PEG ratio of 3.12 and a beta of 1.17. The company has a quick ratio of 2.17, a current ratio of 7.06 and a debt-to-equity ratio of 0.52. KLX has a 1 year low of $45.73 and a 1 year high of $82.50.
KLXI has been the subject of a number of research analyst reports. BidaskClub lowered KLX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded KLX from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Friday, February 16th. Jefferies Group upgraded KLX from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, TheStreet lowered KLX from a “b” rating to a “c+” rating in a research note on Tuesday, March 6th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. KLX presently has an average rating of “Hold” and an average price target of $65.75.
KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.
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