Headlines about KLX (NASDAQ:KLXI) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. KLX earned a daily sentiment score of 0.23 on Accern’s scale. Accern also gave media headlines about the aerospace company an impact score of 44.9334799812515 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Does KLX Inc’s (NASDAQ:KLXI) PE Ratio Signal A Selling Opportunity? (finance.yahoo.com)
- ETFs with exposure to KLX, Inc. : December 18, 2017 (finance.yahoo.com)
- KLX (KLXI) Upgraded at BidaskClub (americanbankingnews.com)
- KLX Inc (KLXI) Expected to Announce Earnings of $0.87 Per Share (americanbankingnews.com)
- KLX (KLXI) Stock Rating Reaffirmed by Cowen (americanbankingnews.com)
Several equities analysts recently commented on the company. BidaskClub raised KLX from a “hold” rating to a “buy” rating in a report on Friday, December 15th. Cowen reissued a “buy” rating and issued a $67.00 target price on shares of KLX in a report on Thursday, December 14th. SunTrust Banks increased their target price on KLX to $65.00 in a report on Thursday, December 7th. ValuEngine lowered KLX from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised KLX from a “sell” rating to a “hold” rating in a report on Tuesday, October 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. KLX has a consensus rating of “Buy” and a consensus target price of $59.80.
KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Wednesday, December 6th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.10. The company had revenue of $456.70 million for the quarter, compared to analyst estimates of $442.26 million. KLX had a return on equity of 5.14% and a net margin of 4.99%. The business’s revenue was up 17.4% on a year-over-year basis. research analysts forecast that KLX will post 2.85 EPS for the current fiscal year.
In other KLX news, VP Heather Floyd sold 2,024 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $61.00, for a total transaction of $123,464.00. Following the transaction, the vice president now owns 13,811 shares of the company’s stock, valued at $842,471. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Theodore L. Weise sold 2,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $60.69, for a total value of $121,380.00. Following the transaction, the director now directly owns 7,083 shares in the company, valued at approximately $429,867.27. The disclosure for this sale can be found here. Company insiders own 1.77% of the company’s stock.
TRADEMARK VIOLATION WARNING: This report was originally reported by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another website, it was copied illegally and republished in violation of United States & international trademark & copyright legislation. The original version of this report can be viewed at https://sportsperspectives.com/2017/12/21/somewhat-favorable-news-coverage-somewhat-unlikely-to-impact-klx-klxi-share-price.html.
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).
Receive News & Ratings for KLX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for KLX and related companies with MarketBeat.com's FREE daily email newsletter.