Kinaxis (TSE:KXS) Announces Earnings Results

Kinaxis (TSE:KXS) announced its earnings results on Wednesday. The company reported C$0.93 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$189.95 million during the quarter. Kinaxis had a return on equity of 8.18% and a net margin of 6.59%.

Kinaxis Stock Down 2.6%

Shares of TSE KXS opened at C$130.09 on Thursday. Kinaxis has a 52 week low of C$117.22 and a 52 week high of C$212.45. The business has a 50-day simple moving average of C$145.90 and a two-hundred day simple moving average of C$168.27. The company has a quick ratio of 2.29, a current ratio of 2.24 and a debt-to-equity ratio of 10.96. The company has a market cap of C$3.59 billion, a P/E ratio of 108.41, a P/E/G ratio of 3.60 and a beta of 0.68.

Wall Street Analyst Weigh In

Several analysts have commented on KXS shares. Canadian Imperial Bank of Commerce raised shares of Kinaxis from a “hold” rating to an “outperform” rating and lifted their price objective for the stock from C$201.00 to C$203.00 in a research report on Monday, December 15th. BMO Capital Markets decreased their price target on shares of Kinaxis from C$225.00 to C$180.00 in a research note on Monday. Royal Bank Of Canada lowered their price target on shares of Kinaxis from C$235.00 to C$200.00 and set an “outperform” rating on the stock in a report on Monday, January 26th. Scotiabank reduced their price objective on Kinaxis from C$240.00 to C$200.00 and set an “outperform” rating for the company in a report on Wednesday, February 4th. Finally, TD Securities raised Kinaxis to a “strong-buy” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$213.38.

About Kinaxis

Kinaxis Inc is a Canada-based provider of software solutions for sales and operations planning (S&OP) and supply chain management. The firm’s flagship RapidResponse product is offered on the cloud. Its capabilities include consequence evaluation and alerting, responsibility-based collaboration, high-speed analytics, and scenario simulation. Kinaxis’s S&OP solution capabilities include supply and demand planning, capacity and inventory planning, and inventory management. The firm has operations in North America, Europe, and Asia-Pacific regions.