KLX (KLXI) Releases Quarterly Earnings Results, Beats Expectations By $0.08 EPS

(NASDAQ:KLXI) to report earnings on December, 14.

Several analysts have released their opinion on KLX Inc.

KLX (NASDAQ:KLXI) last issued its quarterly earnings data on Wednesday, December 6th. ValuEngine lowered KLX from a "buy" rating to a "hold" rating in a report on Friday, December 1st. (NASDAQ:KLXI) news were published by: Globenewswire.com which released: "KLX Inc". KLXI is covered by 5 analysts who, by consensus, are bullish with earnings estimated to increase from current levels of $1.496 to $3.013 over the next couple of years. KLX had a return on equity of 3.92% and a net margin of 1.68%. The business had revenue of $382 million for the quarter, compared to analysts' expectations of $399.10 million. Zacks Investment Research cut shares of KLX from a "buy" rating to a "hold" rating in a research report on Wednesday, August 9th. The company was maintained on Monday, June 26 by Jefferies. Jefferies maintained KLX Inc. Cantor Fitzgerald has "Buy" rating and $50 target. Jefferies Group restated a "hold" rating and set a $51.00 target price (down previously from $55.00) on shares of KLX in a research report on Thursday, August 24th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The third largest holder is Franklin Resources Inc, which now holds $214.95 million worth of this stock and that ownership represents almost 7.17% of its market capitalization.

KLX shares have risen 20 percent since the beginning of the year. The stock grabbed 22 new institutional investments totaling 622,374 shares while 38 institutional investors sold out their entire positions totaling 1,281,874 shares. KLX has $64 highest and $28 lowest target.

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KLX Inc (KLX) is the distributor and service provider of aerospace fasteners and consumables.

In the transaction dated March 08, 2017, the great number of shares disposed came courtesy the Vice President, CFO, Treasurer; Senft Michael F disposed a total of 2,328 shares at an average price of $47.19, amounting to approximately $109,858. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Hedge funds have recently modified their holdings of the stock. State Street Corp grew its position in KLX by 4.1% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 9,105 shares of the aerospace company's stock valued at $282,000 after purchasing an additional 56 shares during the period. FMR LLC now owns 1,566,933 shares of the aerospace company's stock worth $78,347,000 after buying an additional 214,625 shares in the last quarter. Dimensional Fund Advisors LP grew its position in KLX by 9.6% during the third quarter. Staley Capital Advisers Inc. now owns 287,500 shares of the aerospace company's stock valued at $12,851,000 after buying an additional 55,000 shares during the period. Sciencast Management LP now owns 4,714 shares of the aerospace company's stock valued at $236,000 after purchasing an additional 196 shares during the period. Vanguard Group Inc. increased its stake in shares of KLX by 0.3% in the second quarter. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 4,361,471 shares of the stock are valued at $235.13 million.

Another recent and important Ribbon Communications Inc.

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