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

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

Kinaxis (TSE:KXSGet Free Report) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.68 by C($0.09). The firm had revenue of C$152.48 million for the quarter, compared to the consensus estimate of C$153.36 million. Kinaxis had a net margin of 2.36% and a return on equity of 2.35%.

KXS has been the topic of a number of other reports. National Bankshares lowered their price objective on 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. CIBC lowered their price objective on Kinaxis from C$185.00 to C$180.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Royal Bank of Canada lowered their price objective on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Scotiabank lowered their price objective on Kinaxis from C$220.00 to C$200.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. Finally, BMO Capital Markets lowered their price objective on 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. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$199.44.

Read Our Latest Stock Report on Kinaxis

Kinaxis Stock Performance

KXS opened at C$148.79 on Friday. The stock has a market cap 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 company has a current ratio of 2.54, a quick ratio of 2.29 and a debt-to-equity ratio of 11.39. Kinaxis has a 1 year low of C$129.13 and a 1 year high of C$191.80. The stock’s 50 day simple moving average is C$151.84 and its 200-day simple moving average is C$150.53.

Insider Activity at Kinaxis

In related news, Senior Officer Andrew William Robert Bell sold 683 shares of the business’s stock in a transaction on 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 sale, the insider now owns 586 shares of the company’s stock, valued at approximately C$86,789.65. In other Kinaxis news, Senior Officer Andrew William Robert Bell sold 683 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 586 shares of the company’s stock, valued at C$86,789.65. Also, Director John Ernest Sicard sold 7,530 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$147.15, for a total value of C$1,108,068.11. Insiders have sold a total of 24,752 shares of company stock valued at $3,685,930 in the last 90 days. 1.15% of the stock is owned by corporate insiders.

About Kinaxis

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Kinaxis Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kinaxis and related companies with MarketBeat.com's FREE daily email newsletter.