Kinaxis (TSE:KXS) Posts Quarterly Earnings Results

Kinaxis (TSE:KXS) announced its quarterly earnings results on Wednesday. The company reported C$1.08 earnings per share (EPS) for the quarter, FiscalAI reports. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The company had revenue of C$230.64 million during the quarter.

Kinaxis Stock Down 3.5%

Shares of KXS traded down C$6.20 during midday trading on Wednesday, hitting C$168.51. The stock had a trading volume of 80,539 shares, compared to its average volume of 123,550. The firm has a market cap of C$4.60 billion, a price-to-earnings ratio of 57.32, a price-to-earnings-growth ratio of 3.60 and a beta of 0.73. The company has a 50 day simple moving average of C$156.79 and a two-hundred day simple moving average of C$144.91. Kinaxis has a twelve month low of C$117.22 and a twelve month high of C$204.85. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29.

Insider Activity

In related news, insider Conrad John Mandala sold 30,000 shares of Kinaxis stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the sale, the insider owned 820 shares of the company’s stock, valued at approximately C$121,442. This trade represents a 97.34% decrease in their position. Also, Director Robert G. Courteau sold 5,010 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of C$151.39, for a total value of C$758,463.90. Following the completion of the sale, the director owned 32,945 shares in the company, valued at C$4,987,543.55. The trade was a 13.20% decrease in their position. Insiders have sold 35,934 shares of company stock valued at $5,328,181 over the last ninety days. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

KXS has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce lifted their target price on Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. Stifel Nicolaus lowered their price target on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Royal Bank Of Canada raised their price target on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. BMO Capital Markets increased their target price on Kinaxis from C$180.00 to C$185.00 in a research note on Friday, May 8th. Finally, National Bank Financial set a C$200.00 target price on shares of Kinaxis and gave the stock an “outperform” rating in a report on Monday, July 20th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of C$200.00.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.