Somewhat Favorable Press Coverage Somewhat Unlikely to Impact KLX (KLXI) Share Price
Headlines about KLX (NASDAQ:KLXI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. KLX earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 47.9123521978663 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media headlines that may have impacted Accern’s scoring:
- KLX Inc. (KLXI) Issues FY18 Earnings Guidance (americanbankingnews.com)
- KLX Inc. (KLXI) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS (americanbankingnews.com)
- Analysts Ratings for Itau Unibanco Holding SA (ITUB) (topactu.net)
- KLX EPS in-line, beats on revenue (seekingalpha.com)
- 9 Stocks First Eagle Continues to Buy (finance.yahoo.com)
Several research firms have recently commented on KLXI. Zacks Investment Research raised shares of KLX from a “hold” rating to a “strong-buy” rating and set a $56.00 target price on the stock in a report on Saturday, July 1st. BidaskClub downgraded shares of KLX from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 21st. TheStreet raised shares of KLX from a “c+” rating to a “b-” rating in a report on Wednesday, June 7th. Finally, Cowen and Company reissued a “buy” rating and issued a $52.00 target price on shares of KLX in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $55.40.
KLX (NASDAQ:KLXI) opened at 46.51 on Thursday. The firm’s 50-day moving average is $51.21 and its 200-day moving average is $48.83. KLX has a 52-week low of $32.23 and a 52-week high of $54.40. The company has a market cap of $2.41 billion, a PE ratio of 37.81 and a beta of 1.28.
KLX (NASDAQ:KLXI) last released its earnings results on Wednesday, August 23rd. The aerospace company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.06. KLX had a return on equity of 3.99% and a net margin of 4.24%. The firm had revenue of $430.60 million for the quarter, compared to the consensus estimate of $423.08 million. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that KLX will post $3.08 EPS for the current year.
In related news, insider Roger Mark Franks sold 2,447 shares of the stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $47.70, for a total transaction of $116,721.90. Following the transaction, the insider now directly owns 21,444 shares in the company, valued at $1,022,878.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 3,163 shares of company stock worth $153,553 over the last quarter. 1.77% of the stock is currently owned by company insiders.
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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