Anixter International (AXE) Receives Coverage Optimism Score of 0.09
News coverage about Anixter International (NYSE:AXE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Anixter International earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.9499461426142 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of analysts have weighed in on AXE shares. Zacks Investment Research cut Anixter International from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. Robert W. Baird reissued a “hold” rating and issued a $86.00 price objective on shares of Anixter International in a research note on Friday, September 1st. BidaskClub lowered Anixter International from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 5th. Finally, TheStreet lowered Anixter International from a “b-” rating to a “c” rating in a research note on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $86.00.
Shares of Anixter International (AXE) traded up $0.45 on Friday, hitting $66.45. The stock had a trading volume of 102,158 shares, compared to its average volume of 176,395. The company has a quick ratio of 1.17, a current ratio of 2.07 and a debt-to-equity ratio of 0.87. Anixter International has a twelve month low of $62.40 and a twelve month high of $88.60. The firm has a market capitalization of $2,210.92, a price-to-earnings ratio of 13.13, a PEG ratio of 1.29 and a beta of 2.02.
Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.21). Anixter International had a net margin of 1.86% and a return on equity of 12.52%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the company earned $1.38 EPS. The company’s revenue was up 3.1% compared to the same quarter last year. equities analysts predict that Anixter International will post 5.13 EPS for the current fiscal year.
In other Anixter International news, VP William Standish sold 1,000 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $86.20, for a total value of $86,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert J. Eck sold 2,600 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $86.23, for a total value of $224,198.00. The disclosure for this sale can be found here. In the last three months, insiders acquired 24,000 shares of company stock worth $4,195 and sold 30,958 shares worth $2,528,028. Corporate insiders own 14.70% of the company’s stock.
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Anixter International Company Profile
Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).
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