Kinaxis (TSE:KXS) Announces Earnings Results

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Kinaxis (TSE:KXS) announced its quarterly earnings data on Thursday, October 31st. The company reported C$0.22 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.20 by C$0.02, reports. The company had revenue of C$62.22 million for the quarter, compared to analyst estimates of C$58.01 million.

TSE:KXS traded up C$0.93 during trading hours on Friday, hitting C$98.56. The company’s stock had a trading volume of 62,600 shares, compared to its average volume of 91,893. The business’s 50-day moving average is C$84.98 and its two-hundred day moving average is C$80.80. The company has a market capitalization of $2.56 billion and a PE ratio of 142.84. The company has a debt-to-equity ratio of 4.83, a quick ratio of 3.24 and a current ratio of 3.34. Kinaxis has a 52-week low of C$60.01 and a 52-week high of C$98.85.

A number of equities analysts recently issued reports on the company. BMO Capital Markets upped their price target on Kinaxis from C$91.00 to C$95.00 in a report on Tuesday, August 6th. National Bank Financial upped their price target on Kinaxis from C$100.00 to C$115.00 and gave the company an “outperform” rating in a report on Monday, November 4th. TD Securities upped their price target on Kinaxis from C$96.00 to C$110.00 and gave the company a “buy” rating in a report on Monday, November 4th. Royal Bank of Canada upped their price target on Kinaxis from C$95.00 to C$110.00 and gave the company an “outperform” rating in a report on Monday, November 4th. Finally, CIBC upped their price target on Kinaxis from C$89.00 to C$95.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Six research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average target price of C$104.13.

About Kinaxis

Kinaxis Inc provides cloud-based subscription software for supply chain operations in the United States, Europe, Asia, and Canada. The company offers RapidResponse, which provide supply chain planning and analytics capabilities for managing various supply chain management processes, including demand planning, supply planning, inventory management, order fulfillment, capacity planning, and master scheduling, as well as sales and operations planning process.

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Earnings History for Kinaxis (TSE:KXS)

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