Brokerages Expect KLX Energy Services Holdings Inc (NASDAQ:KLXE) Will Post Earnings of $0.12 Per Share

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Brokerages expect KLX Energy Services Holdings Inc (NASDAQ:KLXE) to post earnings per share of $0.12 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for KLX Energy Services’ earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.06. KLX Energy Services posted earnings per share of $0.83 during the same quarter last year, which would suggest a negative year-over-year growth rate of 85.5%. The business is scheduled to report its next earnings results on Wednesday, December 4th.

According to Zacks, analysts expect that KLX Energy Services will report full-year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from ($0.12) to $0.80. For the next year, analysts anticipate that the company will report earnings of $0.69 per share, with EPS estimates ranging from $0.03 to $1.10. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover KLX Energy Services.

KLX Energy Services (NASDAQ:KLXE) last announced its quarterly earnings results on Wednesday, August 21st. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.17). KLX Energy Services had a positive return on equity of 10.08% and a negative net margin of 1.13%. The business had revenue of $164.90 million during the quarter, compared to the consensus estimate of $175.05 million. The business’s quarterly revenue was up 13.1% compared to the same quarter last year.

KLXE has been the topic of a number of recent research reports. ValuEngine lowered KLX Energy Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 23rd. Zacks Investment Research upgraded KLX Energy Services from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Piper Jaffray Companies lowered KLX Energy Services from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $29.50 to $25.50 in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.75.

NASDAQ KLXE traded down $0.29 during trading hours on Thursday, hitting $9.62. 363,800 shares of the company traded hands, compared to its average volume of 170,088. The business’s 50-day moving average is $11.50 and its 200-day moving average is $20.29. KLX Energy Services has a twelve month low of $9.42 and a twelve month high of $36.13. The company has a debt-to-equity ratio of 0.61, a quick ratio of 3.08 and a current ratio of 3.28. The stock has a market capitalization of $270.98 million and a price-to-earnings ratio of 3.42.

In other news, CEO Amin J. Khoury acquired 100,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of $11.85 per share, with a total value of $1,185,000.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Thomas P. Mccaffrey acquired 75,000 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were purchased at an average cost of $12.11 per share, for a total transaction of $908,250.00. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 210,821 shares of company stock worth $2,499,517. Company insiders own 10.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KLXE. Hellman Jordan Management Co. Inc. MA lifted its holdings in KLX Energy Services by 71.4% during the 2nd quarter. Hellman Jordan Management Co. Inc. MA now owns 60,000 shares of the company’s stock worth $1,226,000 after buying an additional 25,000 shares during the period. Nuveen Asset Management LLC acquired a new position in KLX Energy Services during the 2nd quarter worth about $2,044,000. Cubist Systematic Strategies LLC acquired a new position in KLX Energy Services during the 2nd quarter worth about $240,000. Morgan Stanley lifted its holdings in KLX Energy Services by 416.5% during the 2nd quarter. Morgan Stanley now owns 105,055 shares of the company’s stock worth $2,146,000 after buying an additional 84,715 shares during the period. Finally, Bank of America Corp DE lifted its holdings in KLX Energy Services by 15.6% during the 2nd quarter. Bank of America Corp DE now owns 187,581 shares of the company’s stock worth $3,833,000 after buying an additional 25,316 shares during the period. 85.91% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for KLX Energy Services (NASDAQ:KLXE)

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