Kinaxis (OTCMKTS:KXSCF) Issues Quarterly Earnings Results

Kinaxis (OTCMKTS:KXSCF) issued its earnings results on Wednesday. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.21), Zacks reports. Kinaxis had a net margin of 14.50% and a return on equity of 19.79%.

Kinaxis Trading Down 1.8%

KXSCF stock traded down $2.24 during midday trading on Wednesday, hitting $121.13. 745 shares of the company’s stock were exchanged, compared to its average volume of 11,772. The business has a 50-day simple moving average of $112.07 and a two-hundred day simple moving average of $104.67. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $3.30 billion and a PE ratio of 70.42. Kinaxis has a 1-year low of $84.70 and a 1-year high of $146.63.

Wall Street Analyst Weigh In

Several research firms have recently commented on KXSCF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Kinaxis in a report on Monday, July 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Kinaxis in a report on Friday, May 8th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Kinaxis in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

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. The company also provides strategic services, such as digital business transformation, advanced analytics, and digital innovation and acceleration services; implementation, including agile implementation methodology, RapidStart, sustainment, and rollout services; and continuous learning services consisting of Kinaxis learning center, custom learning programs, and certification, as well as support services.