Kinaxis (TSE:KXS) Releases Earnings Results, Beats Expectations By $0.04 EPS

Kinaxis (TSE:KXS) issued its quarterly earnings results on Wednesday. The company reported C$0.47 EPS for the quarter, beating analysts’ consensus estimates of C$0.43 by C$0.04, reports. The company had revenue of C$165.79 million during the quarter, compared to the consensus estimate of C$170.56 million. Kinaxis had a return on equity of 4.87% and a net margin of 4.59%.

Kinaxis Price Performance

Shares of TSE KXS opened at C$154.64 on Friday. The stock has a market cap of C$4.37 billion, a PE ratio of 154.64, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. Kinaxis has a fifty-two week low of C$132.93 and a fifty-two week high of C$172.83. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The stock has a fifty day moving average of C$154.90 and a 200-day moving average of C$154.19.

Analyst Upgrades and Downgrades

A number of analysts recently commented on KXS shares. TD Securities decreased their price target on Kinaxis from C$200.00 to C$195.00 in a research report on Friday, August 2nd. ATB Capital decreased their target price on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating for the company in a research report on Friday, August 2nd. Stifel Nicolaus decreased their target price on Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Finally, Scotiabank decreased their target price on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Kinaxis currently has a consensus rating of “Moderate Buy” and a consensus target price of C$192.11.

Insider Activity

In other news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of Kinaxis stock in a transaction on Friday, August 9th. The stock was sold at an average price of C$152.00, for a total value of C$667,584.00. In related news, Senior Officer Andrew William Robert Bell sold 701 shares of Kinaxis stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of C$149.56, for a total transaction of C$104,841.70. Following the completion of the sale, the insider now owns 831 shares of the company’s stock, valued at approximately C$124,284.53. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of Kinaxis stock in a transaction on Friday, August 9th. The shares were sold at an average price of C$152.00, for a total value of C$667,584.00. Over the last three months, insiders sold 8,265 shares of company stock worth $1,268,146. 1.20% of the stock is owned by corporate insiders.

Kinaxis Company Profile

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.