Stifel Canada Analysts Raise Earnings Estimates for Kinaxis

Kinaxis Inc. (TSE:KXS) – Stock analysts at Stifel Canada increased their Q3 2024 earnings per share estimates for Kinaxis in a research report issued on Wednesday, October 23rd. Stifel Canada analyst S. Sukumar now anticipates that the company will post earnings per share of $0.43 for the quarter, up from their previous forecast of $0.41. The consensus estimate for Kinaxis’ current full-year earnings is $4.25 per share. Stifel Canada also issued estimates for Kinaxis’ Q4 2024 earnings at $0.54 EPS and FY2024 earnings at $1.78 EPS.

Kinaxis (TSE:KXS) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.42 EPS for the quarter, topping analysts’ consensus estimates of C$0.27 by C$0.15. Kinaxis had a net margin of 4.59% and a return on equity of 4.87%. The company had revenue of C$161.83 million during the quarter, compared to the consensus estimate of C$160.55 million.

Other equities research analysts have also issued reports about the company. ATB Capital lowered their price objective on Kinaxis from C$215.00 to C$205.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Scotiabank lowered their price target on Kinaxis from C$200.00 to C$190.00 in a research report on Thursday, August 29th. TD Securities cut their price objective on Kinaxis from C$200.00 to C$195.00 in a report on Friday, August 2nd. Finally, Stifel Nicolaus reduced their target price on shares of Kinaxis from C$210.00 to C$195.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Kinaxis presently has a consensus rating of “Moderate Buy” and an average target price of C$192.11.

Kinaxis Stock Performance

TSE:KXS opened at C$157.05 on Friday. The firm has a market capitalization of C$4.44 billion, a PE ratio of 157.05, a price-to-earnings-growth ratio of 3.60 and a beta of 0.78. 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 12-month low of C$129.13 and a 12-month high of C$172.83. The firm has a 50-day moving average price of C$154.74 and a 200 day moving average price of C$154.08.

Insider Activity

In related news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$152.00, for a total transaction of C$667,584.00. In other Kinaxis news, Senior Officer Claire Ruth Rychlewski sold 4,392 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of C$152.00, for a total value of C$667,584.00. Also, Senior Officer Megan Paterson sold 3,172 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of C$156.28, for a total transaction of C$495,720.16. Following the sale, the insider now directly owns 121 shares in the company, valued at C$18,909.88. This trade represents a 0.00 % decrease in their ownership of the stock. Over the last ninety days, insiders sold 8,265 shares of company stock worth $1,268,146. 1.20% of the stock is owned by corporate 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.