Kinaxis (TSE:KXS) Posts Quarterly Earnings Results

Kinaxis (TSE:KXS) announced its earnings results on Wednesday. The company reported C$1.72 EPS for the quarter, FiscalAI reports. Kinaxis had a return on equity of 20.88% and a net margin of 14.40%. The company had revenue of C$228.16 million during the quarter.

Kinaxis Stock Up 2.2%

Shares of TSE:KXS traded up C$4.32 during trading on Wednesday, hitting C$197.71. The stock had a trading volume of 146,881 shares, compared to its average volume of 125,705. Kinaxis has a 12 month low of C$117.22 and a 12 month high of C$201.57. The company has a market capitalization of C$5.38 billion, a PE ratio of 64.61, a PEG ratio of 3.60 and a beta of 0.58. The firm’s fifty day moving average is C$181.53 and its 200 day moving average is C$156.10. The company has a quick ratio of 2.29, a current ratio of 1.88 and a debt-to-equity ratio of 11.14.

Wall Street Analysts Forecast Growth

KXS has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of Kinaxis from C$200.00 to C$225.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. RBC Dominion Securities set a C$210.00 price objective on shares of Kinaxis and gave the stock an “outperform” rating in a report on Friday, October 23rd. Royal Bank Of Canada set a C$210.00 target price on shares of Kinaxis and gave the stock an “outperform” rating in a research report on Wednesday, August 26th. BMO Capital Markets lifted their target price on shares of Kinaxis from C$195.00 to C$200.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, National Bank Financial lifted their target price on shares of Kinaxis from C$200.00 to C$210.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Eight equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$206.67.

Insider Activity at Kinaxis

In other Kinaxis news, insider James Alexander Hollingworth sold 2,150 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of C$178.94, for a total value of C$384,721.00. Following the completion of the transaction, the insider owned 4,772 shares in the company, valued at approximately C$853,901.68. This represents a 31.06% decrease in their ownership of the stock. Also, insider David Peter Kelly sold 1,603 shares of the firm’s stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$177.68, for a total value of C$284,821.04. Following the transaction, the insider directly owned 358 shares of the company’s stock, valued at C$63,609.44. This represents a 81.74% decrease in their position. Insiders sold a total of 33,730 shares of company stock valued at $5,877,368 over the last ninety days. 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.