The KLX (KLXI) Getting Somewhat Positive Media Coverage, AlphaOne Reports

The KLX (KLXI) Getting Somewhat Positive Media Coverage, AlphaOne Reports

These are some of the media headlines that may have impacted Alpha One’s rankings:

Media stories about KLX (NASDAQ:KLXI) have trended somewhat positive on Sunday, according to AlphaOne Sentiment. The research firm, a unit of Accern, identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. KLX earned a media sentiment score of 0.20 on AlphaOne’s scale. AlphaOne also gave media headlines about the aerospace company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the near term.

Several research firms have issued reports on KLXI. Zacks Investment Research cut KLX from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 18th. Deutsche Bank AG boosted their target price on shares of KLX from $51.00 to $52.00 and gave the company a “hold” rating in a research note on Wednesday, April 19th. Finally, Cowen and Company reissued an “outperform” rating and set a $52.00 target price on shares of KLX in a research note on Wednesday, April 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. KLX has an average rating of “Buy” and a consensus price target of $52.67. Shares of KLX (KLXI) traded up 1.72% during mid-day trading on Friday, reaching $50.21. 608,414 shares of the company’s stock traded hands. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 40.82 and a beta of 1.27. The company’s 50 day moving average is $47.85 and its 200-day moving average is $46.55. KLX has a 52 week low of $29.28 and a 52 week high of $52.40.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. KLX had a net margin of 1.68% and a return on equity of 3.92%. The firm had revenue of $411.30 million for the quarter, compared to analyst estimates of $409.95 million. Equities analysts expect that KLX will post $1.82 earnings per share for the current fiscal year. In other KLX news, insider Roger Mark Franks sold 2,447 shares of KLX stock in a transaction on Friday, May 26th. The shares were sold at an average price of $47.70, for a total value of $116,721.90. Following the sale, the insider now directly owns 21,444 shares in the company, valued at approximately $1,022,878.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Michael F. Senft sold 2,328 shares of KLX stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $47.19, for a total transaction of $109,858.32. Following the completion of the sale, the vice president now owns 18,653 shares in the company, valued at $880,235.07. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by insiders.

KLX (NASDAQ:KLXI) last issued its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. KLX had a net margin of 1.68% and a return on equity of 3.92%. The firm had revenue of $411.30 million for the quarter, compared to analyst estimates of $409.95 million. Equities analysts expect that KLX will post $1.82 earnings per share for the current fiscal year. 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:KLXI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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