Kinaxis Inc. (TSE:KXS) Forecasted to Earn Q1 2024 Earnings of $0.28 Per Share

Kinaxis Inc. (TSE:KXS) – Research analysts at National Bank Financial issued their Q1 2024 EPS estimates for Kinaxis in a research report issued on Wednesday, April 17th. National Bank Financial analyst R. Tse expects that the company will earn $0.28 per share for the quarter. The consensus estimate for Kinaxis’ current full-year earnings is $2.83 per share.

Several other research firms have also recently commented on KXS. Scotiabank decreased their price target on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. BMO Capital Markets decreased their price target on shares of Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Royal Bank of Canada decreased their price target on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a research note on Friday, March 1st. Stifel Nicolaus reduced their price objective on shares of Kinaxis from C$235.00 to C$215.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Finally, Eight Capital reduced their price objective on shares of Kinaxis from C$230.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, March 1st. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Kinaxis has an average rating of “Buy” and a consensus target price of C$199.44.

Kinaxis Price Performance

KXS opened at C$151.57 on Friday. Kinaxis has a one year low of C$129.13 and a one year high of C$191.80. The company has a debt-to-equity ratio of 11.39, a current ratio of 2.54 and a quick ratio of 2.29. The company’s 50 day simple moving average is C$152.17 and its 200-day simple moving average is C$150.53. The stock has a market capitalization of C$4.29 billion, a P/E ratio of 315.77, a price-to-earnings-growth ratio of 3.60 and a beta of 0.76.

Kinaxis (TSE:KXS) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$0.59 earnings per share for the quarter, missing the consensus estimate of C$0.68 by C($0.09). Kinaxis had a return on equity of 2.35% and a net margin of 2.36%. The firm had revenue of C$152.48 million for the quarter, compared to the consensus estimate of C$153.36 million.

Insider Buying and Selling at Kinaxis

In other news, Senior Officer Andrew William Robert Bell sold 683 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$101,155.85. Following the sale, the insider now directly owns 586 shares of the company’s stock, valued at approximately C$86,789.65. In related news, Director John Ernest Sicard sold 7,516 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$1,113,158.68. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total transaction of C$101,155.85. Following the completion of the transaction, the insider now owns 586 shares in the company, valued at approximately C$86,789.65. In the last three months, insiders have sold 24,752 shares of company stock worth $3,685,930. Insiders own 1.15% of the company’s stock.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.