Kinaxis (TSE:KXS) Issues Earnings Results

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

Kinaxis Price Performance

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

Insiders Place Their Bets

In other news, Senior Officer Megan Paterson sold 3,172 shares of Kinaxis stock in a transaction on Friday, September 13th. The stock was sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the transaction, the insider now directly owns 121 shares in the company, valued at approximately C$18,909.88. This trade represents a 0.00 % decrease in their position. In other news, Senior Officer Andrew William Robert Bell sold 701 shares of the company’s 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 directly owns 831 shares of the company’s stock, valued at C$124,284.53. This represents a 0.00 % decrease in their ownership of the stock. Also, Senior Officer Megan Paterson sold 3,172 shares of Kinaxis stock in a transaction dated Friday, September 13th. The stock was sold at an average price of C$156.28, for a total value of C$495,720.16. Following the completion of the transaction, the insider now directly owns 121 shares in the company, valued at C$18,909.88. This represents a 0.00 % decrease in their position. Insiders sold 8,265 shares of company stock worth $1,268,146 over the last ninety days. Company insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

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