KLX Inc. (NASDAQ:KLXI) will be issuing its quarterly earnings data before the market opens on Wednesday, August 23rd. Analysts expect the company to announce earnings of $0.76 per share for the quarter.

KLX (NASDAQ:KLXI) last released its quarterly earnings data on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $411.30 million during the quarter, compared to analyst estimates of $409.95 million. KLX had a return on equity of 3.99% and a net margin of 4.24%. On average, analysts expect KLX to post $3.08 EPS for the current fiscal year and $3.93 EPS for the next fiscal year.

KLX Inc. (NASDAQ KLXI) opened at 50.03 on Wednesday. KLX Inc. has a 1-year low of $32.23 and a 1-year high of $54.40. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 40.67 and a beta of 1.28. The stock has a 50 day moving average price of $51.31 and a 200-day moving average price of $48.84.

TRADEMARK VIOLATION WARNING: “KLX Inc. (KLXI) to Release Earnings on Wednesday” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.watchlistnews.com/klx-inc-klxi-to-release-earnings-on-wednesday/1492777.html.

Several equities analysts recently weighed in on the company. Zacks Investment Research lowered KLX from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub lowered KLX from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Cowen and Company reiterated a “buy” rating and set a $52.00 price objective on shares of KLX in a research note on Monday, July 17th. Finally, TheStreet upgraded KLX from a “c+” rating to a “b-” rating in a research note on Wednesday, June 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $55.40.

In other news, insider Roger Mark Franks sold 2,447 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $47.70, for a total transaction of $116,721.90. Following the transaction, the insider now directly owns 21,444 shares in the company, valued at approximately $1,022,878.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last quarter, insiders have sold 3,163 shares of company stock valued at $153,553. 1.77% of the stock is owned by company insiders.

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).

Earnings History for KLX (NASDAQ:KLXI)

Receive News & Ratings for KLX Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.