Brokerages forecast that KLX Energy Services Holdings Inc (NASDAQ:KLXE) will post sales of $163.80 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for KLX Energy Services’ earnings, with estimates ranging from $161.20 million to $166.40 million. KLX Energy Services posted sales of $123.20 million during the same quarter last year, which suggests a positive year over year growth rate of 33%. The business is scheduled to issue its next earnings report on Wednesday, December 4th.
According to Zacks, analysts expect that KLX Energy Services will report full year sales of $628.33 million for the current year, with estimates ranging from $625.10 million to $630.00 million. For the next year, analysts expect that the company will post sales of $666.67 million, with estimates ranging from $638.00 million to $690.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow KLX Energy Services.
KLX Energy Services (NASDAQ:KLXE) last issued its quarterly earnings data on Wednesday, August 21st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.17). The company had revenue of $164.90 million for the quarter, compared to analyst estimates of $175.05 million. KLX Energy Services had a positive return on equity of 10.08% and a negative net margin of 1.13%. The business’s revenue was up 13.1% compared to the same quarter last year.
Shares of KLXE traded down $0.02 during mid-day trading on Friday, hitting $9.60. 335,495 shares of the company’s stock were exchanged, compared to its average volume of 315,026. KLX Energy Services has a 52 week low of $9.42 and a 52 week high of $36.13. The stock’s 50-day simple moving average is $11.24 and its 200-day simple moving average is $20.12. The firm has a market cap of $233.92 million and a price-to-earnings ratio of 3.42. The company has a quick ratio of 3.08, a current ratio of 3.28 and a debt-to-equity ratio of 0.61.
In other news, CEO Amin J. Khoury acquired 100,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were acquired at an average cost of $11.85 per share, with a total value of $1,185,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Gary J. Roberts acquired 33,821 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was purchased at an average cost of $11.36 per share, for a total transaction of $384,206.56. The disclosure for this purchase can be found here. Insiders have bought 210,821 shares of company stock worth $2,499,517 over the last ninety days. Insiders own 10.70% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in KLX Energy Services by 3.1% in the second quarter. BlackRock Inc. now owns 3,331,327 shares of the company’s stock valued at $68,059,000 after acquiring an additional 101,672 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in KLX Energy Services by 1.0% in the second quarter. Gamco Investors INC. ET AL now owns 433,580 shares of the company’s stock valued at $8,858,000 after acquiring an additional 4,125 shares during the last quarter. Royce & Associates LP bought a new position in KLX Energy Services in the first quarter valued at approximately $9,248,000. THB Asset Management bought a new position in KLX Energy Services in the first quarter valued at approximately $7,441,000. Finally, Northern Trust Corp increased its stake in KLX Energy Services by 10.1% in the second quarter. Northern Trust Corp now owns 290,142 shares of the company’s stock valued at $5,926,000 after acquiring an additional 26,582 shares during the last quarter. 85.91% of the stock is currently owned by institutional investors and hedge funds.
KLX Energy Services Company Profile
KLX Energy Services Holdings, Inc provides completion, intervention, and production services and products to the onshore oil and gas producing regions of the United States. It offers a range of technical services, and related tools and equipment to companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves.
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