Media stories about KLX (NASDAQ:KLXI) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KLX earned a news impact score of 0.20 on Accern’s scale. Accern also assigned media headlines about the aerospace company an impact score of 45.8791326604789 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
KLX (NASDAQ KLXI) traded up $0.79 on Thursday, hitting $54.31. 343,236 shares of the company’s stock were exchanged, compared to its average volume of 408,225. The company has a market capitalization of $2,831.85, a price-to-earnings ratio of 28.67, a P/E/G ratio of 3.28 and a beta of 1.33. KLX has a fifty-two week low of $36.64 and a fifty-two week high of $56.69. The company has a current ratio of 7.28, a quick ratio of 2.27 and a debt-to-equity ratio of 0.52.
KLX (NASDAQ:KLXI) last posted its quarterly earnings results on Wednesday, August 23rd. The aerospace company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.06. The business had revenue of $430.60 million during the quarter, compared to analyst estimates of $423.08 million. KLX had a net margin of 4.83% and a return on equity of 4.43%. KLX’s revenue was up 13.6% on a year-over-year basis. equities research analysts expect that KLX will post 2.78 EPS for the current year.
KLXI has been the topic of a number of research reports. BidaskClub lowered shares of KLX from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of KLX from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. Cowen and Company reissued a “buy” rating and set a $57.00 price objective on shares of KLX in a research note on Thursday, October 19th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $51.00 price objective (down previously from $55.00) on shares of KLX in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $55.40.
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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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