KLX Inc (NASDAQ:KLXI) – Equities researchers at Jefferies Group raised their FY2018 earnings per share estimates for KLX in a note issued to investors on Monday. Jefferies Group analyst S. Kahyaoglu now anticipates that the aerospace company will earn $1.82 per share for the year, up from their previous forecast of $1.50. Jefferies Group also issued estimates for KLX’s Q4 2018 earnings at $0.74 EPS, FY2019 earnings at $3.02 EPS and FY2020 earnings at $3.62 EPS.
KLX (NASDAQ:KLXI) last posted its earnings results on Tuesday, March 7th. The aerospace company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.17. The company had revenue of $382 million for the quarter, compared to the consensus estimate of $399.10 million. KLX had a return on equity of 3.92% and a net margin of 1.68%.
Several other analysts have also recently commented on the company. Gabelli started coverage on KLX in a research report on Friday, January 20th. They issued a “buy” rating and a $64.00 target price for the company. Cowen and Company reaffirmed a “buy” rating and issued a $52.00 target price on shares of KLX in a research report on Tuesday, March 7th. SunTrust Banks, Inc. started coverage on KLX in a research report on Thursday, January 19th. They issued a “buy” rating and a $53.00 target price for the company. Zacks Investment Research raised KLX from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 21st. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a $52.00 target price (up previously from $51.00) on shares of KLX in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. KLX has a consensus rating of “Buy” and an average target price of $50.33.
KLX (NASDAQ:KLXI) traded up 1.26% during mid-day trading on Wednesday, reaching $46.60. The company’s stock had a trading volume of 453,025 shares. The firm’s 50 day moving average price is $46.05 and its 200 day moving average price is $43.57. KLX has a 52 week low of $28.65 and a 52 week high of $52.40. The firm has a market capitalization of $2.41 billion, a P/E ratio of 50.65 and a beta of 1.27.
In related news, VP Michael F. Senft sold 2,328 shares of KLX stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $47.19, for a total transaction of $109,858.32. Following the completion of the sale, the vice president now owns 18,653 shares of the company’s stock, valued at $880,235.07. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.89% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Tyers Asset Management LLC purchased a new stake in KLX during the fourth quarter worth about $111,000. Flinton Capital Management LLC purchased a new stake in KLX during the fourth quarter worth about $135,000. LS Investment Advisors LLC boosted its stake in KLX by 5.6% in the third quarter. LS Investment Advisors LLC now owns 3,399 shares of the aerospace company’s stock worth $120,000 after buying an additional 181 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in KLX during the fourth quarter worth about $217,000. Finally, Bayesian Capital Management LP purchased a new stake in KLX during the fourth quarter worth about $262,000. 99.90% of the stock is owned by hedge funds and other institutional investors.
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).
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