Kinaxis (OTCMKTS:KXSCF) Posts Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Kinaxis (OTCMKTS:KXSCF) announced its earnings results on Wednesday. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Price Performance

KXSCF traded down $2.24 on Wednesday, reaching $121.13. 745 shares of the company’s stock were exchanged, compared to its average volume of 11,772. The stock has a market cap of $3.30 billion and a PE ratio of 70.42. Kinaxis has a twelve month low of $84.70 and a twelve month high of $146.63. The stock’s fifty day moving average price is $112.07 and its 200-day moving average price is $104.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.72 and a quick ratio of 1.72.

Wall Street Analyst Weigh In

KXSCF has been the subject of several recent analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Kinaxis in a report on Monday, July 20th. BMO Capital Markets reiterated an “outperform” rating on shares of Kinaxis in a research report on Tuesday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Kinaxis in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus 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.