Press coverage about Anixter International (NYSE:AXE) has trended somewhat positive on Monday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Anixter International earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.9814565805379 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Anixter International (AXE) traded up $0.30 during trading on Monday, hitting $76.65. 154,599 shares of the stock traded hands, compared to its average volume of 208,206. Anixter International has a 52 week low of $62.40 and a 52 week high of $88.85. The firm has a market capitalization of $2,550.00, a price-to-earnings ratio of 23.88, a P/E/G ratio of 1.20 and a beta of 2.06. The company has a quick ratio of 1.18, a current ratio of 2.10 and a debt-to-equity ratio of 0.86.
Anixter International (NYSE:AXE) last released its quarterly earnings data on Tuesday, January 30th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.10. Anixter International had a net margin of 1.38% and a return on equity of 12.39%. The company had revenue of $2.01 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter in the prior year, the business earned $1.31 earnings per share. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. sell-side analysts forecast that Anixter International will post 6.35 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on AXE shares. Zacks Investment Research downgraded shares of Anixter International from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. TheStreet raised shares of Anixter International from a “c+” rating to a “b-” rating in a research note on Wednesday, January 10th. ValuEngine raised shares of Anixter International from a “hold” rating to a “buy” rating in a research note on Friday, December 29th. Finally, Wells Fargo & Co reaffirmed a “market perform” rating and set a $90.00 price target (up previously from $78.00) on shares of Anixter International in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $90.00.
In related news, VP William Standish sold 1,758 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $65.00, for a total transaction of $114,270.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert J. Eck sold 11,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $75.00, for a total transaction of $825,000.00. The disclosure for this sale can be found here. Insiders sold 20,732 shares of company stock valued at $1,577,404 in the last three months. Company 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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