The analysts from National Bank Financial have increased the EPS estimates on the stocks of KL in a 9th June report. M. Parkin, the lead analyst for the brokerage, has already predicted that the company will be posting an EPS of $3.01, which is quite an increase from its previous estimate of $2.86. The company has a rating of sector perform on the stock.
The Quarterly Reports Of KL
KL did post its quarterly earnings on the 6th of May. The EPS reported by the company during this period was $0.63, which was slightly less than the consensus estimate of $0.67. The net margin for the company was 30.36%, with the return on equity set at 18.12%. The revenue generated by the company during this period was $551.80 million, which was quite less than the consensus estimate of $662.39 million.
There have been quite a few research equities that have commented on the stocks of KL. TD Securities has already provided the company with a rating of buy in a 16th April research report.
Zacks Investment Research has reduced the price rating of the company from hold to strong sell with a price target of $30 in a 6th April research report. Scotiabank has also reduced the price target of the company from $68 to $61 with a rating of outperform in a 6th April research report.
Two of the investment analysts have already provided the company with a rating of sell, while one other has given the company a rating of hold. Close to seven other investment analysts have issued the company a rating of buy. Currently, KL has a buy rating with a $65.56 price target.
The stocks of KL traded on Monday at $43.15. The market cap for the firm is $11.52 billion, with a 15.92 PE ratio, along with a 4.84 PEG ratio, and a 0.71 beta. The moving average price of the company over a period of 50 days is $40.26. The year low of the company is $31.72 with the year high of $57.69.