News stories about KLX (NASDAQ:KLXI) have been trending positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. KLX earned a news impact score of 0.32 on Accern’s scale. Accern also gave news headlines about the aerospace company an impact score of 44.8490227297653 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of brokerages have issued reports on KLXI. Zacks Investment Research upgraded shares of KLX from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Wednesday, May 23rd. ValuEngine downgraded shares of KLX from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub upgraded shares of KLX from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. KLX currently has a consensus rating of “Hold” and a consensus target price of $66.50.
KLXI stock opened at $74.01 on Thursday. The stock has a market capitalization of $3.75 billion, a PE ratio of 26.91, a P/E/G ratio of 3.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 6.67 and a quick ratio of 2.12. KLX has a 12 month low of $46.41 and a 12 month high of $82.50.
KLX (NASDAQ:KLXI) last posted its earnings results on Tuesday, August 28th. The aerospace company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.23. The firm had revenue of $527.20 million during the quarter, compared to analysts’ expectations of $501.00 million. KLX had a net margin of 4.20% and a return on equity of 7.84%. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.73 earnings per share. analysts anticipate that KLX will post 4.09 EPS for the current year.
KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.
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