Brokers Offer Predictions for Kinaxis Inc.’s Q1 2024 Earnings (TSE:KXS)

Kinaxis Inc. (TSE:KXS) – Analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of Kinaxis in a report issued on Wednesday, April 17th. National Bank Financial analyst R. Tse expects that the company will post earnings per share of $0.28 for the quarter. The consensus estimate for Kinaxis’ current full-year earnings is $2.83 per share.

Kinaxis (TSE:KXS) last posted its quarterly earnings data 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). Kinaxis had a net margin of 2.36% and a return on equity of 2.35%. The firm had revenue of C$152.48 million for the quarter, compared to analysts’ expectations of C$153.36 million.

KXS has been the subject of a number of other reports. Royal Bank of Canada reduced their price target on shares of Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating for the company in a research report on Friday, March 1st. National Bankshares cut their price objective on shares of Kinaxis from C$250.00 to C$225.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Stifel Nicolaus cut their price objective on shares of Kinaxis from C$235.00 to C$215.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. BMO Capital Markets lowered their price target on Kinaxis from C$190.00 to C$175.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Finally, CIBC lowered their price target on Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$199.44.

Kinaxis Price Performance

KXS stock opened at C$148.79 on Friday. The firm has a 50-day moving average of C$152.07 and a two-hundred day moving average of C$150.54. The company has a current ratio of 2.54, a quick ratio of 2.29 and a debt-to-equity ratio of 11.39. 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. Kinaxis has a one year low of C$129.13 and a one year high of C$191.80.

Insiders Place Their Bets

In other Kinaxis news, Senior Officer Paul Carreiro sold 1,773 shares of Kinaxis stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$147.33, for a total transaction of C$261,216.09. In related news, Senior Officer Andrew William Robert Bell sold 683 shares of Kinaxis stock in a transaction dated Wednesday, March 6th. The stock was 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. Also, Senior Officer Paul Carreiro sold 1,773 shares of Kinaxis stock in a transaction dated Monday, March 11th. The stock was sold at an average price of C$147.33, for a total value of C$261,216.09. Insiders have sold 24,752 shares of company stock worth $3,685,930 over the last 90 days. 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.