News headlines about KLX (NASDAQ:KLXI) have been trending somewhat positive on Monday, AlphaOne Sentiment Analysis reports. The research firm, a service of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KLX earned a news sentiment score of 0.24 on AlphaOne’s scale. AlphaOne also assigned media coverage about the aerospace company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s scoring:
- KLX Inc to Post FY2019 Earnings of $2.50 Per Share, Gabelli Forecasts (KLXI) (americanbankingnews.com)
- KLX Inc (KLXI) Forecasted to Earn Q4 2018 Earnings of $0.67 Per Share (americanbankingnews.com)
- KLX Inc (KLXI) Expected to Post Quarterly Sales of $421.9 Million (americanbankingnews.com)
- KLX Inc (KLXI) to Post Q4 2018 Earnings of $0.52 Per Share, SunTrust Banks Forecasts (americanbankingnews.com)
- FY2018 EPS Estimates for KLX Inc (KLXI) Lifted by Analyst (americanbankingnews.com)
A number of research analysts recently issued reports on KLXI shares. Zacks Investment Research raised shares of KLX from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Saturday, April 22nd. Cowen and Company reissued a “buy” rating and set a $52.00 price objective on shares of KLX in a report on Tuesday, March 7th. Finally, Deutsche Bank AG lifted their target price on shares of KLX from $51.00 to $52.00 and gave the company a “hold” rating in a report on Wednesday, April 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $52.67.
KLX (NASDAQ:KLXI) last issued its earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.06. The firm had revenue of $411.30 million for the quarter, compared to the consensus estimate of $409.95 million. KLX had a return on equity of 3.92% and a net margin of 1.68%.
In related news, VP Michael F. Senft sold 2,328 shares of the firm’s 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 sale, the vice president now owns 18,653 shares of the company’s stock, valued at approximately $880,235.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.89% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “KLX (KLXI) Receiving Somewhat Positive Press Coverage, Study Shows” was first posted by BBNS and is the sole property of of BBNS. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://baseballnewssource.com/markets/klx-klxi-getting-somewhat-favorable-news-coverage-report-shows-updated/799610.html.
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).
Receive News & Ratings for KLX Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX Inc and related companies with our FREE daily email newsletter.