Kinaxis (KXS) Scheduled to Post Earnings on Wednesday

Kinaxis (TSE:KXS) will release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Kinaxis to post earnings of C$0.68 per share for the quarter.

Kinaxis (TSE:KXS) last announced its quarterly earnings data on Wednesday, May 8th. The company reported C$0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.30 by C$0.06. Kinaxis had a net margin of 3.38% and a return on equity of 3.42%. The company had revenue of C$160.93 million during the quarter, compared to analysts’ expectations of C$158.33 million.

Kinaxis Price Performance

Shares of Kinaxis stock opened at C$169.78 on Tuesday. The stock has a market capitalization of C$4.81 billion, a price-to-earnings ratio of 234.82, a price-to-earnings-growth ratio of 3.60 and a beta of 0.77. The company has a debt-to-equity ratio of 11.91, a quick ratio of 2.29 and a current ratio of 2.53. The company has a fifty day moving average of C$155.34 and a 200-day moving average of C$154.20. Kinaxis has a 52-week low of C$129.13 and a 52-week high of C$180.06.

Insider Transactions at Kinaxis

In other news, Director J. Ian Giffen sold 2,500 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of C$145.75, for a total value of C$364,381.00. In other news, Senior Officer Stefanie Ann Gordish sold 214 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of C$150.24, for a total transaction of C$32,152.34. Following the sale, the insider now owns 287 shares in the company, valued at C$43,120.20. Also, Director J. Ian Giffen sold 2,500 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of C$145.75, for a total transaction of C$364,381.00. In the last ninety days, insiders sold 34,650 shares of company stock valued at $5,253,452. Company insiders own 1.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, CIBC cut shares of Kinaxis from an “outperform” rating to a “neutral” rating and dropped their price target for the company from C$180.00 to C$154.00 in a research report on Friday, June 21st. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$196.56.

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.