Kinaxis (KXS) to Release Earnings on Wednesday

Kinaxis (TSE:KXS) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Kinaxis to post earnings of C$0.71 per share for the quarter.

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

Kinaxis Stock Down 1.5 %

TSE KXS opened at C$146.59 on Wednesday. The stock’s 50 day moving average is C$150.47 and its 200 day moving average is C$150.75. The company has a current ratio of 2.54, a quick ratio of 2.29 and a debt-to-equity ratio of 11.39. Kinaxis has a 12 month low of C$129.13 and a 12 month high of C$191.80. The stock has a market cap of C$4.15 billion, a PE ratio of 305.40, a P/E/G ratio of 3.60 and a beta of 0.76.

Analysts Set New Price Targets

KXS has been the topic of a number of research analyst reports. Eight Capital lowered their price target on Kinaxis from C$230.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, March 1st. CIBC decreased their price objective on Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Stifel Nicolaus decreased their price objective on Kinaxis from C$235.00 to C$215.00 and set a “buy” rating on the stock in a report on Friday, March 1st. Royal Bank of Canada decreased their price objective on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, National Bankshares decreased their price objective on Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Kinaxis has an average rating of “Buy” and a consensus target price of C$199.44.

Insider Activity at Kinaxis

In related news, Senior Officer Paul Carreiro sold 1,773 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$147.33, for a total transaction of C$261,216.09. In other Kinaxis news, Senior Officer Paul Carreiro sold 1,773 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$147.33, for a total value of C$261,216.09. Also, Director John Ernest Sicard sold 7,516 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$1,113,158.68. In the last 90 days, insiders have sold 24,752 shares of company stock worth $3,685,930. Company insiders own 1.15% of the company’s stock.

About Kinaxis

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.