Kinaxis (TSE:KXS) Posts Quarterly Earnings Results

Kinaxis (TSE:KXS) released its earnings results on Wednesday. The company reported C$1.08 earnings per share for the quarter, FiscalAI reports. Kinaxis had a net margin of 14.48% and a return on equity of 19.72%. The business had revenue of C$230.64 million during the quarter.

Kinaxis Stock Performance

TSE:KXS traded down C$0.95 during mid-day trading on Thursday, hitting C$167.56. The stock had a trading volume of 9,052 shares, compared to its average volume of 122,753. The company has a debt-to-equity ratio of 12.15, a quick ratio of 2.29 and a current ratio of 1.72. Kinaxis has a twelve month low of C$117.22 and a twelve month high of C$204.85. The company’s 50 day simple moving average is C$157.34 and its 200 day simple moving average is C$144.92. The stock has a market cap of C$4.58 billion, a price-to-earnings ratio of 56.99, a PEG ratio of 3.60 and a beta of 0.76.

Analysts Set New Price Targets

Several analysts recently commented on KXS shares. BMO Capital Markets boosted their price target on Kinaxis from C$180.00 to C$185.00 in a research note on Friday, May 8th. National Bank Financial set a C$200.00 price target on Kinaxis and gave the stock an “outperform” rating in a research report on Monday, July 20th. Stifel Nicolaus dropped their price target on Kinaxis from C$245.00 to C$200.00 and set a “buy” rating for the company in a report on Wednesday, May 6th. Canadian Imperial Bank of Commerce lifted their price objective on Kinaxis from C$173.00 to C$205.00 in a research report on Friday, June 5th. Finally, Royal Bank Of Canada boosted their price objective on Kinaxis from C$200.00 to C$210.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$200.00.

Insider Buying and Selling

In other Kinaxis news, Director Robert G. Courteau sold 5,010 shares of Kinaxis stock in a transaction dated Friday, May 29th. The shares were sold at an average price of C$151.39, for a total value of C$758,463.90. Following the completion of the sale, the director owned 32,945 shares in the company, valued at C$4,987,543.55. The trade was a 13.20% decrease in their position. Also, insider Conrad John Mandala sold 30,000 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of C$148.10, for a total value of C$4,443,000.00. Following the sale, the insider owned 820 shares of the company’s stock, valued at approximately C$121,442. The trade was a 97.34% decrease in their ownership of the stock. In the last quarter, insiders have sold 35,934 shares of company stock worth $5,328,181. 1.20% of the stock is owned by corporate insiders.

About Kinaxis

Kinaxis is a leader in modern supply chain orchestration, powering complex global supply chains, and supporting the people who manage them. Our powerful, AI-infused supply chain orchestration platform, Maestro, combines proprietary technologies and techniques that provide full transparency and agility across the entire supply chain – from multi-year strategic planning to last-mile delivery. We are trusted by renowned global brands to provide the agility and predictability needed to navigate today’s volatility and disruption.