Kinaxis (TSE:KXS) Releases Quarterly Earnings Results

Kinaxis (TSE:KXS) released its quarterly earnings data on Wednesday. The company reported C$1.08 earnings per share (EPS) for the quarter, FiscalAI reports. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The firm had revenue of C$230.64 million for the quarter.

Kinaxis Price Performance

TSE:KXS opened at C$171.00 on Friday. The firm has a market capitalization of C$4.67 billion, a price-to-earnings ratio of 58.16, a PEG ratio of 3.60 and a beta of 0.76. The company has a debt-to-equity ratio of 12.15, a current ratio of 1.72 and a quick ratio of 2.29. The business has a 50 day simple moving average of C$157.76 and a 200-day simple moving average of C$144.97. Kinaxis has a 1 year low of C$117.22 and a 1 year high of C$204.85.

Wall Street Analysts Forecast Growth

KXS has been the topic of a number of research reports. Canadian Imperial Bank of Commerce lifted their price target on shares of Kinaxis from C$173.00 to C$205.00 in a report on Friday, June 5th. National Bank Financial set a C$200.00 price objective on shares of Kinaxis and gave the company an “outperform” rating in a report on Monday, July 20th. BMO Capital Markets raised their price objective on Kinaxis from C$180.00 to C$185.00 in a research report on Friday, May 8th. Stifel Nicolaus reduced their target price on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Finally, Royal Bank Of Canada boosted their target price on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of C$200.00.

Insider Activity at Kinaxis

In related news, insider Conrad John Mandala sold 30,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the completion of the sale, the insider directly owned 820 shares in the company, valued at C$121,442. This trade represents a 97.34% decrease in their ownership of the stock. Also, Director Robert G. Courteau sold 5,010 shares of Kinaxis stock in a transaction on Friday, May 29th. The stock was sold at an average price of C$151.39, for a total transaction of C$758,463.90. Following the transaction, the director directly owned 32,945 shares of the company’s stock, valued at C$4,987,543.55. The trade was a 13.20% decrease in their ownership of the stock. In the last three months, insiders have sold 35,934 shares of company stock worth $5,328,181. Corporate insiders own 1.20% of the company’s stock.

Kinaxis Company Profile

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.