Kinaxis Inc. (TSE:KXS) Forecasted to Earn Q1 2024 Earnings of $0.28 Per Share

Kinaxis Inc. (TSE:KXS - Free Report) - Stock analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of Kinaxis in a research note issued on Wednesday, April 17th. National Bank Financial analyst R. Tse anticipates that the company will earn $0.28 per share for the quarter. The consensus estimate for Kinaxis' current full-year earnings is $2.83 per share.

Other equities analysts have also issued reports about the stock. Eight Capital reduced their target price on shares of Kinaxis from C$230.00 to C$190.00 and set a "buy" rating on the stock in a research report on Friday, March 1st. BMO Capital Markets reduced their target price on shares of Kinaxis from C$190.00 to C$175.00 and set an "outperform" rating on the stock in a research report on Friday, March 1st. TD Securities reduced their target price on shares of Kinaxis from C$210.00 to C$200.00 and set a "buy" rating on the stock in a research report on Friday, March 1st. Scotiabank dropped their price objective on shares of Kinaxis from C$220.00 to C$200.00 and set an "outperform" rating on the stock in a research note on Friday, March 1st. Finally, CIBC dropped their price objective on shares of Kinaxis from C$185.00 to C$180.00 and set an "outperform" rating on the stock in a research note on Friday, March 1st. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of C$199.44.

Kinaxis Trading Down 1.8 %

Shares of TSE:KXS traded down C$2.78 during trading on Friday, reaching C$148.79. 62,258 shares of the company were exchanged, compared to its average volume of 63,212. The firm has a market capitalization of C$4.22 billion, a PE ratio of 309.98, a P/E/G ratio of 3.60 and a beta of 0.76. The business's fifty day simple moving average is C$152.07 and its 200-day simple moving average is C$150.54. Kinaxis has a 12-month low of C$129.13 and a 12-month high of C$191.80. The company has a debt-to-equity ratio of 11.39, a current ratio of 2.54 and a quick ratio of 2.29.

Kinaxis (TSE:KXS - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported C$0.59 EPS for the quarter, missing analysts' consensus estimates of C$0.68 by C($0.09). The company had revenue of C$152.48 million for the quarter, compared to analysts' expectations of C$153.36 million. Kinaxis had a return on equity of 2.35% and a net margin of 2.36%.

Insider Buying and Selling at Kinaxis

In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 683 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$101,155.85. Following the completion of the sale, the insider now directly owns 586 shares in the company, valued at C$86,789.65. In other Kinaxis news, Director John Ernest Sicard sold 7,516 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total value of C$1,113,158.68. Also, Senior Officer Andrew William Robert Bell sold 683 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of C$148.11, for a total transaction of C$101,155.85. Following the completion of the sale, the insider now owns 586 shares of the company's stock, valued at C$86,789.65. Insiders sold a total of 24,752 shares of company stock worth $3,685,930 over the last three months. Corporate insiders own 1.15% of the company's stock.

Kinaxis Company Profile

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. It offers RapidResponse, a cloud-based platform, which provides advanced planning, sales and operation planning, supply and demand planning, inventory management, and command and control center services.