Analysts Anticipate KLX Inc (KLXI) Will Post Quarterly Sales of $461.40 Million

Equities analysts expect KLX Inc (NASDAQ:KLXI) to announce sales of $461.40 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for KLX’s earnings, with the highest sales estimate coming in at $463.80 million and the lowest estimate coming in at $459.00 million. KLX reported sales of $411.30 million during the same quarter last year, which suggests a positive year over year growth rate of 12.2%. The company is expected to issue its next earnings results on Wednesday, May 23rd.

According to Zacks, analysts expect that KLX will report full-year sales of $461.40 million for the current financial year, with estimates ranging from $2.00 billion to $2.01 billion. For the next financial year, analysts anticipate that the business will post sales of $2.10 billion per share, with estimates ranging from $2.10 billion to $2.11 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow KLX.

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KLX (NASDAQ:KLXI) last announced its quarterly earnings data on Tuesday, March 6th. The aerospace company reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.19. KLX had a return on equity of 6.03% and a net margin of 3.07%. The firm had revenue of $442.20 million for the quarter, compared to analysts’ expectations of $450.87 million. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year.

KLXI has been the topic of several research analyst reports. SunTrust Banks raised their price objective on KLX to $65.00 in a research note on Thursday, December 7th. BidaskClub upgraded KLX from a “hold” rating to a “buy” rating in a research note on Friday, December 15th. Cowen reiterated a “buy” rating and issued a $67.00 target price on shares of KLX in a research note on Thursday, December 14th. Zacks Investment Research upgraded KLX from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Friday, February 16th. Finally, Jefferies Group upgraded KLX from a “hold” rating to a “buy” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $67.40.

KLX (NASDAQ:KLXI) opened at $73.12 on Friday. KLX has a one year low of $42.45 and a one year high of $73.20. The stock has a market capitalization of $3,535.59, a price-to-earnings ratio of 70.31, a P/E/G ratio of 3.36 and a beta of 1.26. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.21 and a current ratio of 7.06.

A number of hedge funds have recently bought and sold shares of KLXI. Profund Advisors LLC increased its holdings in shares of KLX by 10.9% during the fourth quarter. Profund Advisors LLC now owns 7,815 shares of the aerospace company’s stock valued at $533,000 after purchasing an additional 767 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of KLX by 44.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,428 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 1,060 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of KLX by 2.6% during the fourth quarter. Mutual of America Capital Management LLC now owns 42,285 shares of the aerospace company’s stock valued at $2,886,000 after purchasing an additional 1,084 shares during the period. First Trust Advisors LP increased its holdings in shares of KLX by 4.8% during the fourth quarter. First Trust Advisors LP now owns 24,406 shares of the aerospace company’s stock valued at $1,666,000 after purchasing an additional 1,112 shares during the period. Finally, Teachers Advisors LLC increased its holdings in shares of KLX by 1.2% during the fourth quarter. Teachers Advisors LLC now owns 93,875 shares of the aerospace company’s stock valued at $6,407,000 after purchasing an additional 1,136 shares during the period. Institutional investors own 97.79% of the company’s stock.

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KLX Company Profile

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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Earnings History and Estimates for KLX (NASDAQ:KLXI)

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