Scotiabank Analysts Increase Earnings Estimates for Kinaxis

Kinaxis Inc. (TSE:KXS) – Investment analysts at Scotiabank upped their FY2024 earnings per share estimates for shares of Kinaxis in a research report issued on Wednesday, January 8th. Scotiabank analyst K. Krishnaratne now forecasts that the company will post earnings of $1.87 per share for the year, up from their prior estimate of $1.45. The consensus estimate for Kinaxis’ current full-year earnings is $4.25 per share. Scotiabank also issued estimates for Kinaxis’ FY2025 earnings at $2.86 EPS.

Other equities research analysts also recently issued research reports about the stock. TD Securities decreased their price target on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. ATB Capital increased their price target on shares of Kinaxis from C$205.00 to C$215.00 and gave the company an “outperform” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$192.67.

Kinaxis Stock Down 0.2 %

KXS opened at C$170.64 on Friday. The company has a market capitalization of C$4.82 billion, a PE ratio of 170.64, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. The firm has a 50-day simple moving average of C$174.32 and a two-hundred day simple moving average of C$162.62. The company has a quick ratio of 2.29, a current ratio of 1.90 and a debt-to-equity ratio of 12.40. Kinaxis has a 52 week low of C$132.93 and a 52 week high of C$190.17.

Kinaxis (TSE:KXS) last released its earnings results on Wednesday, October 30th. The company reported C$0.47 EPS for the quarter, topping the consensus estimate of C$0.43 by C$0.04. The firm had revenue of C$165.79 million for the quarter, compared to the consensus estimate of C$170.56 million. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%.

Insider Activity

In other Kinaxis news, Senior Officer David Peter Kelly sold 1,500 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of C$162.21, for a total value of C$243,319.95. Also, Senior Officer Vasile Gelu Ticala sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of C$174.50, for a total value of C$523,500.00. Following the sale, the insider now owns 596 shares in the company, valued at C$104,002. The trade was a 83.43 % decrease in their position. In the last three months, insiders have sold 55,200 shares of company stock worth $9,478,652. 1.20% of the stock is currently owned by company insiders.

About Kinaxis

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.