KLX (NASDAQ:KLXI) issued its earnings results on Monday. The aerospace company reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.06, Bloomberg Earnings reports. The business had revenue of $499.10 million during the quarter, compared to the consensus estimate of $479.50 million. KLX had a return on equity of 6.03% and a net margin of 3.07%. KLX’s revenue was up 21.3% on a year-over-year basis.
Shares of KLX opened at $74.25 on Wednesday, Marketbeat.com reports. The company has a quick ratio of 2.17, a current ratio of 7.06 and a debt-to-equity ratio of 0.52. KLX has a 52 week low of $45.73 and a 52 week high of $82.50. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 27.05, a PEG ratio of 3.17 and a beta of 1.17.
KLXI has been the subject of a number of research analyst reports. TheStreet upgraded KLX from a “c+” rating to a “b” rating in a report on Monday, April 9th. Zacks Investment Research upgraded KLX from a “sell” rating to a “buy” rating and set a $80.00 target price for the company in a report on Thursday, March 15th. BidaskClub cut KLX from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 7th. Jefferies Group raised KLX from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Finally, SunTrust Banks reissued a “buy” rating and issued a $82.00 price objective on shares of KLX in a research note on Monday, April 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. KLX currently has an average rating of “Buy” and an average price target of $66.50.
KLX Inc, together with its subsidiaries, provides aerospace fasteners, consumables, and logistics services worldwide. The Aerospace Solutions Group segment distributes bolts, clips, hinges, rings, screws, carbon-faced seals, gaskets, O-rings, and others; chemicals, sealants and adhesives, lubricants, paints, cleaners, and degreasers; Honeywell proprietary parts; bearings, tooling, electrical components, and clamps; and hydraulics, pneumatics, fluid connectors, filtration, electrical control systems seals, and compressors and engineered systems.
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