Wall Street brokerages expect that KLX Inc (NASDAQ:KLXI) will announce earnings per share (EPS) of $0.88 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for KLX’s earnings. The lowest EPS estimate is $0.87 and the highest is $0.90. KLX reported earnings of $0.53 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 66%. The firm is scheduled to announce its next earnings results on Tuesday, March 6th.
According to Zacks, analysts expect that KLX will report full-year earnings of $3.17 per share for the current fiscal year, with EPS estimates ranging from $3.15 to $3.18. For the next year, analysts expect that the company will report earnings of $3.94 per share, with EPS estimates ranging from $3.90 to $4.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for KLX.
KLX (NASDAQ:KLXI) last announced its earnings results on Wednesday, December 6th. The aerospace company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.10. KLX had a return on equity of 5.14% and a net margin of 4.99%. The company had revenue of $456.70 million for the quarter, compared to analysts’ expectations of $442.26 million. KLX’s quarterly revenue was up 17.4% on a year-over-year basis.
In other news, VP Heather Floyd sold 2,024 shares of KLX stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $61.00, for a total value of $123,464.00. Following the sale, the vice president now directly owns 13,811 shares of the company’s stock, valued at $842,471. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of KLX stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $60.69, for a total value of $121,380.00. Following the completion of the sale, the director now directly owns 7,083 shares in the company, valued at $429,867.27. The disclosure for this sale can be found here. 1.77% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of KLX by 5.0% in the fourth quarter. BlackRock Inc. now owns 6,876,627 shares of the aerospace company’s stock worth $469,328,000 after purchasing an additional 324,638 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of KLX by 9.6% in the third quarter. Dimensional Fund Advisors LP now owns 3,552,418 shares of the aerospace company’s stock worth $188,030,000 after purchasing an additional 310,002 shares during the last quarter. State Street Corp increased its holdings in shares of KLX by 4.1% in the second quarter. State Street Corp now owns 2,256,773 shares of the aerospace company’s stock worth $112,850,000 after purchasing an additional 88,952 shares during the last quarter. Paradice Investment Management LLC increased its holdings in shares of KLX by 2.6% in the third quarter. Paradice Investment Management LLC now owns 1,528,146 shares of the aerospace company’s stock worth $80,885,000 after purchasing an additional 39,236 shares during the last quarter. Finally, Macquarie Group Ltd. increased its holdings in shares of KLX by 88.4% in the fourth quarter. Macquarie Group Ltd. now owns 1,329,922 shares of the aerospace company’s stock worth $90,767,000 after purchasing an additional 623,959 shares during the last quarter.
Shares of KLX (KLXI) traded down $0.22 during trading on Tuesday, reaching $68.32. The company had a trading volume of 296,689 shares, compared to its average volume of 398,457. KLX has a one year low of $42.45 and a one year high of $72.53. The company has a market cap of $3,440.00, a PE ratio of 45.25, a P/E/G ratio of 3.29 and a beta of 1.26. The company has a current ratio of 6.91, a quick ratio of 2.21 and a debt-to-equity ratio of 0.52.
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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).
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