KLX (KLXI) Given Media Impact Score of 0.15
News headlines about KLX (NASDAQ:KLXI) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. KLX earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 45.6132369412317 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- KLX, Inc. breached its 50 day moving average in a Bearish Manner : KLXI-US : August 11, 2017 (finance.yahoo.com)
- Paradice Investment Management LLC Adjusts Its Stake in KLX Inc. (KLXI) Last Quarter (highlightpress.com)
- Breakout Watch: Aerospace Stock With 158% Growth Up Ahead Of Earnings (finance.yahoo.com)
- Brokerages Anticipate KLX Inc. (NASDAQ:KLXI) Will Announce Quarterly Sales of $428.40 Million (americanbankingnews.com)
- Brokerages Expect KLX Inc. (NASDAQ:KLXI) to Announce $0.67 Earnings Per Share (americanbankingnews.com)
KLX (NASDAQ KLXI) traded up 1.81% on Friday, reaching $50.52. The company had a trading volume of 331,337 shares. The company has a market capitalization of $2.61 billion, a P/E ratio of 41.07 and a beta of 1.28. KLX has a 52 week low of $32.23 and a 52 week high of $54.40. The stock’s 50-day moving average is $51.14 and its 200-day moving average is $48.84.
KLX (NASDAQ:KLXI) last announced its quarterly earnings results on Wednesday, May 24th. The aerospace company reported $0.36 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts forecast that KLX will post $3.08 EPS for the current fiscal year.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised KLX from a “hold” rating to a “strong-buy” rating and set a $56.00 target price for the company in a research report on Saturday, July 1st. BidaskClub lowered KLX from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 21st. Deutsche Bank AG increased their target price on KLX from $51.00 to $52.00 and gave the stock a “hold” rating in a research report on Wednesday, April 19th. TheStreet raised KLX from a “c+” rating to a “b-” rating in a research report on Wednesday, June 7th. Finally, Cowen and Company reissued an “outperform” rating and issued a $52.00 target price on shares of KLX in a research report on Wednesday, April 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. KLX has a consensus rating of “Buy” and a consensus price target of $55.40.
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In other KLX news, insider Roger Mark Franks sold 2,447 shares of the company’s stock in a transaction 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 completion of the sale, the insider now owns 21,444 shares in the company, valued at $1,022,878.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last 90 days, 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).
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