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). The Company's ASG segment service offerings include inventory management and replenishment, creative and differential supply chain solutions, such as third-party logistics programs, special packaging and bar-coding, parts kitting, quality assurance testing and a range of purchasing assistance programs, plus the electronic data interchange capability. The Company's ESG segment products and services include onshore completion services, wireline services, fishing services and tools, down-hole completion and production services, pressure control, accommodations and related surface rental equipment, and remanufacturing shops.
Industry, Sector and Symbol:
- Sector: Aerospace
- Industry: Industrial Machinery & Equipment
- Sub-Industry: N/A
- Symbol: NASDAQ:KLXI
- CUSIP: N/A
- Web: www.klx.com
- Market Cap: $2.72 billion
- Outstanding Shares: 51,423,000
- 50 Day Moving Avg: $49.00
- 200 Day Moving Avg: $48.46
- 52 Week Range: $32.23 - $54.40
Sales & Book Value:
- Trailing P/E Ratio: 35.645
- Foreward P/E Ratio: 13.67
- P/E Growth: 0.640
- Annual Revenue: $1.6 billion
- Price / Sales: 1.70
- Book Value: $44.38 per share
- Price / Book: 1.19
- EBIDTA: $240.7 million
- Net Margins: 4.83%
- Return on Equity: 4.43%
- Return on Assets: 2.66%
- Debt-to-Equity Ratio: 0.52%
- Current Ratio: 7.28%
- Quick Ratio: 2.27%
- Average Volume: 396,503 shs.
- Beta: 1.29
- Short Ratio: 9.21
Frequently Asked Questions for KLX (NASDAQ:KLXI)
What is KLX's stock symbol?
KLX trades on the NASDAQ under the ticker symbol "KLXI."
How will KLX's stock buyback program work?
KLX announced that its Board of Directors has initiated a share buyback program on Sunday, April 9th 2017, which permits the company to buyback $100,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 4.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.
How were KLX's earnings last quarter?
KLX Inc. (NASDAQ:KLXI) posted its quarterly earnings results on Wednesday, August, 23rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.06. The business earned $430.60 million during the quarter, compared to analyst estimates of $423.08 million. KLX had a net margin of 4.83% and a return on equity of 4.43%. KLX's revenue for the quarter was up 13.6% compared to the same quarter last year. View KLX's Earnings History.
When will KLX make its next earnings announcement?
What guidance has KLX issued on next quarter's earnings?
KLX issued an update on its FY18 earnings guidance on Wednesday, August, 23rd. The company provided earnings per share (EPS) guidance of ~$3.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.08. The company issued revenue guidance of +17% YoiY to ~$1.75 billion, compared to the consensus revenue estimate of $1.73 billion.
Where is KLX's stock going? Where will KLX's stock price be in 2017?
5 brokers have issued twelve-month target prices for KLX's stock. Their predictions range from $51.00 to $64.00. On average, they expect KLX's stock price to reach $55.00 in the next year. View Analyst Ratings for KLX.
What are analysts saying about KLX stock?
Here are some recent quotes from research analysts about KLX stock:
- 1. According to Zacks Investment Research, "KLX Inc. is a distributor and service provider of aerospace fasteners and consumables. The Company operates in two segments: Aerospace Solutions Group and Energy Services Group. The Aerospace Solutions Group provides fasteners, consumable products, and logistics services to aerospace customers. The Energy Services Group provides services and logistics for oil and gas drilling sites. It also provides aerospace hardware, and inventory management services. KLX Inc. is based in United States. " (8/29/2017)
- 2. Cowen and Company analysts commented, "Q4 results were underwhelming, given $0.15 of help below-the-line" & inorganic lift." (3/7/2017)
Who are some of KLX's key competitors?
Some companies that are related to KLX include Gardner Denver Holdings (GDI), Crane Company (CR), Woodward (WWD), Spirax-Sarco Engineering plc (SPX), Weir Group PLC (WEIR), Timken Company (The) (TKR), Barnes Group (B), IMI plc (IMI), Manitowoc Food Service (WBT), Rexnord Corporation (RXN), Hillenbrand (HI), Mueller Water Products (MWA), Proto Labs (PRLB), SPX FLOW (FLOW), Actuant Corporation (ATU), Kaman Corporation (KAMN), Comfort Systems USA (FIX) and SPX Corp (SPXC).
Who are KLX's key executives?
KLX's management team includes the folowing people:
- Amin J. Khoury, Chairman of the Board, Chief Executive Officer
- Thomas P. McCaffrey, President, Chief Operating Officer
- Michael F. Senft, Chief Financial Officer, Vice President, Treasurer
- Heather Floyd, Vice President – Finance and Corporate Controller
- Roger Mark Franks, General Counsel, Vice President—Law and Human Resources
- John A. Cuomo, Vice President and General Manager, Aerospace Solutions Group
- Gary J. Roberts, Vice President and General Manager, Energy Services Group
- John T. Collins, Independent Director
- Peter V. Del Presto, Independent Director
- Richard G. Hamermesh, Independent Director
Who owns KLX stock?
KLX's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.16%), Franklin Resources Inc. (8.82%), Vanguard Group Inc. (8.32%), Dimensional Fund Advisors LP (6.27%), Goldman Sachs Group Inc. (4.69%) and State Street Corp (4.36%). Company insiders that own KLX stock include Amin J Khoury, Heather Floyd, John T Collins, Michael F Senft, Richard Hamermesh, Roger Mark Franks, Theodore L Weise and Thomas P Mccaffrey. View Institutional Ownership Trends for KLX.
Who sold KLX stock? Who is selling KLX stock?
KLX's stock was sold by a variety of institutional investors in the last quarter, including Citadel Advisors LLC, Goldman Sachs Group Inc., Samlyn Capital LLC, Castleark Management LLC, OxFORD Asset Management LLP, Franklin Resources Inc., Federated Investors Inc. PA and River Road Asset Management LLC. Company insiders that have sold KLX stock in the last year include Heather Floyd, Michael F Senft and Roger Mark Franks. View Insider Buying and Selling for KLX.
Who bought KLX stock? Who is buying KLX stock?
KLX's stock was acquired by a variety of institutional investors in the last quarter, including Jennison Associates LLC, Dimensional Fund Advisors LP, FMR LLC, First Eagle Investment Management LLC, Macquarie Group Ltd., Emerald Advisers Inc. PA, Westfield Capital Management Co. LP and State Street Corp. Company insiders that have bought KLX stock in the last two years include Amin J Khoury, John T Collins, Richard Hamermesh, Theodore L Weise and Thomas P Mccaffrey. View Insider Buying and Selling for KLX.
How do I buy KLX stock?
Shares of KLX can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is KLX's stock price today?
MarketBeat Community Rating for KLX (NASDAQ KLXI)MarketBeat's community ratings are surveys of what our community members think about KLX and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of KLX stock can currently be purchased for approximately $52.91.
Consensus Ratings for KLX (NASDAQ:KLXI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Hold Ratings, 3 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.60)|
|Consensus Price Target: ||$55.00 (3.95% upside)|
Analysts' Ratings History for KLX (NASDAQ:KLXI)
(Data available from 9/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/24/2017||Cowen and Company||Reiterated Rating||Outperform||$52.00 -> $55.00||Low|
|8/24/2017||Jefferies Group LLC||Reiterated Rating||Hold -> Hold||$55.00 -> $51.00||High|
|4/19/2017||Deutsche Bank AG||Boost Price Target||Hold||$51.00 -> $52.00||High|
|1/19/2017||SunTrust Banks, Inc.||Initiated Coverage||Buy||$53.00||N/A|
|6/17/2016||KeyCorp||Upgrade||Sector Weight -> Overweight||$40.00||N/A|
|12/2/2015||Royal Bank Of Canada||Upgrade||Underperform -> Sector Perform||$36.00 -> $34.00||N/A|
|11/13/2015||Sterne Agee CRT||Lower Price Target||Neutral||$38.00 -> $30.00||N/A|
|10/7/2015||Cantor Fitzgerald||Initiated Coverage||Buy||$50.00||N/A|
Earnings History for KLX (NASDAQ:KLXI)Earnings History by Quarter for KLX (NASDAQ KLXI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/23/2017||Q2 2018||$0.67||$0.73||$423.08 million||$430.60 million||View||N/A|
|5/24/2017||Q1 2018||$0.30||$0.36||$409.95 million||$411.30 million||View||N/A|
|3/7/2017||Q4 2017||$0.27||$0.44||$399.10 million||$382.00 million||View||Listen|
|12/8/2016||Q316||$0.50||$0.57||$384.83 million||$389.00 million||View||Listen|
|8/24/2016||Q216||$0.27||$0.49||$402.30 million||$391.40 million||View||Listen|
|5/23/2016||Q116||$0.52||$0.42||$431.50 million||$368.20 million||View||Listen|
|3/8/2016||Q415||$0.44||$0.49||$368.63 million||$358.20 million||View||Listen|
|12/1/2015||Q315||$0.44||$0.48||$382.00 million||$365.00 million||View||Listen|
|8/25/2015||Q215||$0.55||$0.57||$424.88 million||$412.70 million||View||Listen|
|5/20/2015||Q1||$0.69||$0.70||$454.50 million||$431.50 million||View||Listen|
|2/23/2015||Q414||$0.76||$1.23||$451.60 million||$440.70 million||View||Listen|
Earnings Estimates for KLX (NASDAQ:KLXI)
2017 EPS Consensus Estimate: $1.95
2018 EPS Consensus Estimate: $1.95
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for KLX (NASDAQ:KLXI)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for KLX (NASDAQ:KLXI)
Insider Ownership Percentage: 1.77%Insider Trades by Quarter for KLX (NASDAQ:KLXI)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|7/12/2017||Heather Floyd||VP||Sell||250||$52.00||$13,000.00|| |
|6/9/2017||Heather Floyd||VP||Sell||466||$51.14||$23,831.24|| |
|5/26/2017||Roger Mark Franks||Insider||Sell||2,447||$47.70||$116,721.90|| |
|3/8/2017||Michael F Senft||VP||Sell||2,328||$47.19||$109,858.32|| |
|1/4/2017||Heather Floyd||VP||Sell||5,019||$47.21||$236,946.99|| |
|12/12/2016||Heather Floyd||VP||Sell||1,789||$46.05||$82,383.45|| |
|9/30/2016||Heather Floyd||VP||Sell||403||$35.05||$14,125.15|| |
|5/26/2016||Roger Mark Franks||VP||Sell||5,270||$33.22||$175,069.40|| |
|5/23/2016||Theodore L Weise||Director||Buy||2,000||$30.43||$60,860.00|| |
|3/18/2016||Heather Floyd||VP||Sell||405||$32.50||$13,162.50|| |
|1/8/2016||John T Collins||Director||Buy||5,000||$28.02||$140,100.00|| |
|12/4/2015||Richard Hamermesh||Director||Buy||3,000||$39.93||$119,790.00|| |
|12/2/2015||Amin J Khoury||Chairman||Buy||6,000||$33.74||$202,440.00|| |
|12/2/2015||Thomas P Mccaffrey||Insider||Buy||3,000||$33.75||$101,250.00|| |
Headline Trends for KLX (NASDAQ:KLXI)
Latest Headlines for KLX (NASDAQ:KLXI)
|KLX, Inc. breached its 50 day moving average in a Bullish Manner : KLXI-US : September 20, 2017|
finance.yahoo.com - September 21 at 12:29 PM
|KLX Inc. Businesses Modestly Impacted by Hurricanes Harvey and Irma|
finance.yahoo.com - September 18 at 7:46 PM
|KLX Inc. (KLXI) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - September 17 at 4:40 AM
|Head to Head Contrast: KLX (KLXI) & Its Competitors|
www.americanbankingnews.com - September 17 at 12:30 AM
|Ingersoll-Rand PLC (Ireland) (IR) versus KLX (KLXI) Critical Analysis|
www.americanbankingnews.com - September 16 at 4:36 PM
|Contrasting KLX (KLXI) & Its Competitors|
www.americanbankingnews.com - September 14 at 10:22 PM
|Head-To-Head Comparison: American Outdoor Brands Corporation (AOBC) versus KLX (KLXI)|
www.americanbankingnews.com - September 12 at 2:32 PM
|Reviewing SPX Corporation (SPXC) and KLX (KLXI)|
www.americanbankingnews.com - September 6 at 4:06 PM
|ETFs with exposure to KLX, Inc. : August 31, 2017|
finance.yahoo.com - September 1 at 1:56 AM
|KLX Inc. to Participate at the Gabelli Aerospace & Defense Conference in New York on September 7, 2017|
feeds.benzinga.com - August 31 at 4:45 PM
|Head to Head Survey: KLX (KLXI) and Rexnord Corporation (RXN)|
www.americanbankingnews.com - August 31 at 12:23 AM
|Analysts Issue Forecasts for KLX Inc.'s FY2021 Earnings (KLXI)|
www.americanbankingnews.com - August 28 at 11:22 AM
|SunTrust Banks Research Analysts Lift Earnings Estimates for KLX Inc. (KLXI)|
www.americanbankingnews.com - August 28 at 9:52 AM
|KLX, Inc. :KLXI-US: Earnings Analysis: Q2, 2018 By the Numbers : August 25, 2017|
finance.yahoo.com - August 26 at 6:36 AM
|KLX Inc. 2017 Q2 - Results - Earnings Call Slides|
seekingalpha.com - August 25 at 7:37 AM
|KLX Inc. (KLXI) Rating Reiterated by Cowen and Company|
www.americanbankingnews.com - August 24 at 7:36 PM
|Jefferies Group LLC Trims KLX Inc. (KLXI) Target Price to $51.00|
www.americanbankingnews.com - August 24 at 10:56 AM
|KLX, Inc. – Value Analysis (NASDAQ:KLXI) : August 23, 2017|
finance.yahoo.com - August 24 at 8:27 AM
|Edited Transcript of KLXI earnings conference call or presentation 23-Aug-17 1:00pm GMT|
finance.yahoo.com - August 24 at 8:27 AM
|KLX Inc. (KLXI) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS|
www.americanbankingnews.com - August 23 at 9:10 AM
|KLX Inc. (KLXI) Issues FY18 Earnings Guidance|
www.americanbankingnews.com - August 23 at 9:10 AM
|KLX EPS in-line, beats on revenue|
seekingalpha.com - August 23 at 8:03 AM
|9 Stocks First Eagle Continues to Buy|
finance.yahoo.com - August 23 at 8:02 AM
|KLX Inc. Reports Strong Second Quarter 2017 Financial Results|
finance.yahoo.com - August 23 at 8:02 AM
|KLX misses 2Q profit forecasts|
finance.yahoo.com - August 23 at 8:02 AM
|KLX Inc. (KLXI) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - August 23 at 4:44 AM
|KLX (KLXI) vs. Ingersoll-Rand PLC (Ireland) (IR) Head to Head Comparison|
www.americanbankingnews.com - August 23 at 12:10 AM
|KLX Inc. (KLXI) Stock Rating Lowered by BidaskClub|
www.americanbankingnews.com - August 19 at 5:20 PM
|KLX Inc. (KLXI) to Release Earnings on Wednesday|
www.americanbankingnews.com - August 16 at 2:08 AM
|KLX Inc. Schedules 2017 Second Quarter Earnings Release and Conference Call ...|
globenewswire.com - August 15 at 12:37 AM
|KLX Inc. Schedules 2017 Second Quarter Earnings Release and Conference Call for August 23, 2017|
feeds.benzinga.com - August 14 at 10:43 AM
|Head-To-Head Review: Snap-On (SNA) & KLX (KLXI)|
www.americanbankingnews.com - August 13 at 4:16 AM
|KLX, Inc. breached its 50 day moving average in a Bearish Manner : KLXI-US : August 11, 2017|
finance.yahoo.com - August 12 at 1:54 AM
|Breakout Watch: Aerospace Stock With 158% Growth Up Ahead Of Earnings|
finance.yahoo.com - August 8 at 7:59 PM
| Brokerages Anticipate KLX Inc. (NASDAQ:KLXI) Will Announce Quarterly Sales of $428.40 Million|
www.americanbankingnews.com - August 8 at 7:44 AM
| Brokerages Expect KLX Inc. (NASDAQ:KLXI) to Announce $0.67 Earnings Per Share|
www.americanbankingnews.com - August 6 at 12:28 PM
|KLX Inc. to Participate at the Jefferies Industrials Conference in New York on ...|
globenewswire.com - August 1 at 12:45 AM
|KLX Inc. to Participate at the Jefferies Industrials Conference in New York on August 8, 2017|
finance.yahoo.com - July 31 at 7:42 PM
|KLX Inc. (NASDAQ:KLXI) Receives Average Rating of "Buy" from Analysts|
www.americanbankingnews.com - July 29 at 7:45 AM
|KLX Inc. (NASDAQ:KLXI) Receives Buy Rating from Cowen and Company|
www.americanbankingnews.com - July 17 at 11:54 AM
|KLX Inc. (NASDAQ:KLXI) Expected to Post Earnings of $0.67 Per Share|
www.americanbankingnews.com - July 17 at 11:29 AM
|KLX Inc. (KLXI) VP Heather Floyd Sells 250 Shares|
www.americanbankingnews.com - July 12 at 8:42 PM
|Rockwell (COL) Approves Stock Repurchase Plan Worth $200M|
finance.yahoo.com - July 12 at 1:53 AM
|KLX Inc. (KLXI) Upgraded at BidaskClub|
www.americanbankingnews.com - July 8 at 6:00 PM
|Why KLX Inc. (KLI) Stock Might be a Great Pick|
finance.yahoo.com - July 7 at 6:48 AM
|Why KLX (KLXI) Could Shock the Market Soon|
finance.yahoo.com - July 6 at 7:05 AM
|KLX Inc. (NASDAQ:KLXI) Receives Average Recommendation of "Buy" from Brokerages|
www.americanbankingnews.com - July 4 at 10:26 AM
|KLX Inc. (NASDAQ:KLXI) Upgraded by Zacks Investment Research to "Strong-Buy"|
www.americanbankingnews.com - July 1 at 8:04 AM
| Analysts Expect KLX Inc. (KLXI) Will Post Quarterly Sales of $428.40 Million|
www.americanbankingnews.com - June 23 at 5:52 PM
|KLX, Inc. breached its 50 day moving average in a Bearish Manner : KLXI-US : June 22, 2017|
finance.yahoo.com - June 22 at 12:44 PM
KLX (KLXI) Chart for Saturday, September, 23, 2017