KLX Inc (NASDAQ:KLXI) – Equities research analysts at Jefferies Group lowered their FY2019 earnings per share (EPS) estimates for shares of KLX in a research note issued to investors on Tuesday, according to Zacks Investment Research. Jefferies Group analyst S. Kahyaoglu now expects that the aerospace company will earn $2.60 per share for the year, down from their previous forecast of $2.70. Jefferies Group also issued estimates for KLX’s FY2020 earnings at $3.15 EPS.
KLX (NASDAQ:KLXI) last posted its quarterly earnings data on Tuesday, March 7th. The aerospace company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.27 by $0.17. The company earned $382 million during the quarter, compared to analyst estimates of $399.10 million. KLX had a net margin of 1.68% and a return on equity of 3.92%.
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Several other equities analysts have also issued reports on KLXI. Cowen and Company reissued an “outperform” rating and set a $52.00 target price on shares of KLX in a research note on Wednesday. Deutsche Bank AG increased their target price on KLX from $51.00 to $52.00 and gave the stock a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered KLX from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 22nd. SunTrust Banks, Inc. began coverage on KLX in a research note on Thursday, January 19th. They set a “buy” rating and a $53.00 target price on the stock. Finally, Gabelli began coverage on KLX in a research note on Friday, January 20th. They set a “buy” rating and a $64.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.33.
KLX (NASDAQ:KLXI) traded up 0.81% on Thursday, reaching $47.24. 275,263 shares of the company’s stock traded hands. KLX has a 52 week low of $28.65 and a 52 week high of $52.40. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 51.35 and a beta of 1.27. The firm has a 50-day moving average price of $45.90 and a 200-day moving average price of $43.59.
In other KLX news, VP Michael F. Senft sold 2,328 shares of the stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $47.19, for a total value of $109,858.32. Following the sale, the vice president now owns 18,653 shares of the company’s stock, valued at approximately $880,235.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.89% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of KLXI. Citadel Advisors LLC increased its position in shares of KLX by 24.7% in the third quarter. Citadel Advisors LLC now owns 909,564 shares of the aerospace company’s stock valued at $32,017,000 after buying an additional 180,277 shares during the last quarter. Samlyn Capital LLC increased its position in shares of KLX by 3.2% in the third quarter. Samlyn Capital LLC now owns 1,099,300 shares of the aerospace company’s stock valued at $38,696,000 after buying an additional 33,976 shares during the last quarter. Gabelli Funds LLC increased its position in shares of KLX by 6.8% in the fourth quarter. Gabelli Funds LLC now owns 266,500 shares of the aerospace company’s stock valued at $12,022,000 after buying an additional 17,000 shares during the last quarter. Norges Bank bought a new position in shares of KLX during the fourth quarter valued at approximately $37,067,000. Finally, Emerald Advisers Inc. PA bought a new position in shares of KLX during the third quarter valued at approximately $8,049,000. 99.90% of the stock is currently owned by institutional investors.
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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