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

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

Kinaxis Trading Up 7.3 %

Shares of KXS opened at C$166.00 on Friday. The stock’s 50-day moving average price is C$154.96 and its 200 day moving average price is C$154.21. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. The firm has a market capitalization of C$4.69 billion, a price-to-earnings ratio of 166.00, a P/E/G ratio of 3.60 and a beta of 0.78. Kinaxis has a 12-month low of C$132.93 and a 12-month high of C$172.83.

Insiders Place Their Bets

In other news, Senior Officer Andrew William Robert Bell sold 701 shares of the business’s stock in a transaction that occurred 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 sale, the insider now directly owns 831 shares in the company, valued at approximately C$124,284.53. The trade was a 0.00 % decrease in their ownership of the stock. In other Kinaxis news, Senior Officer Megan Paterson sold 3,172 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the completion of the transaction, the insider now owns 121 shares in the company, valued at C$18,909.88. This trade represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Andrew William Robert Bell sold 701 shares of Kinaxis stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of C$149.56, for a total value of C$104,841.70. Following the sale, the insider now directly owns 831 shares in the company, valued at C$124,284.53. The trade was a 0.00 % decrease in their ownership of the stock. In the last quarter, insiders sold 8,265 shares of company stock worth $1,268,146. 1.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

KXS has been the subject of a number of analyst reports. TD Securities reduced their target price on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating for the company in a research note on Friday. Stifel Nicolaus decreased their price objective on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating for the company in a report on Friday, August 2nd. ATB Capital increased their target price on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Scotiabank reduced their price target on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Kinaxis has an average rating of “Moderate Buy” and a consensus target price of C$192.67.

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.