What is Scotiabank’s Estimate for Kinaxis FY2024 Earnings?

Kinaxis Inc. (TSE:KXS) – Equities researchers at Scotiabank lifted their FY2024 earnings per share estimates for shares of Kinaxis in a report released 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 previous forecast 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.

A number of other analysts have also commented on the stock. ATB Capital lifted their price target on shares of Kinaxis from C$205.00 to C$215.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. TD Securities dropped their target price on shares of Kinaxis from C$195.00 to C$190.00 and set a “buy” rating on the stock in a report on Friday, November 1st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Kinaxis currently has an average rating of “Moderate Buy” and an average price target of C$192.67.

Kinaxis Price Performance

TSE KXS opened at C$170.64 on Friday. Kinaxis has a one year low of C$132.93 and a one year high of C$190.17. The stock has a 50-day moving average of C$174.32 and a 200 day moving average of C$162.62. The company has a debt-to-equity ratio of 12.40, a quick ratio of 2.29 and a current ratio of 1.90. The company has a market capitalization of C$4.82 billion, a price-to-earnings ratio of 170.64, a PEG ratio of 3.60 and a beta of 0.78.

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

Insiders Place Their Bets

In other news, Senior Officer Andrew William Robert Bell sold 600 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of C$177.14, for a total value of C$106,281.00. Following the transaction, the insider now owns 831 shares of the company’s stock, valued at C$147,199.19. This trade represents a 41.93 % decrease in their ownership of the stock. Also, Director John Ernest Sicard sold 24,147 shares of Kinaxis stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$167.91, for a total value of C$4,054,585.55. Over the last ninety days, insiders have sold 55,200 shares of company stock worth $9,478,652. Company insiders own 1.20% of the company’s stock.

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.