Systemax Inc. (NYSE:SYX) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.
Analysts have set a one year consensus price target of $34.00 for the company and are anticipating that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also given Systemax an industry rank of 242 out of 255 based on the ratings given to its competitors.
A number of research analysts have weighed in on the stock. Sidoti dropped their target price on shares of Systemax from $42.00 to $34.00 and set a “buy” rating on the stock in a research note on Thursday, January 3rd. Zacks Investment Research cut shares of Systemax from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Finally, TheStreet cut shares of Systemax from a “b-” rating to a “c+” rating in a research note on Friday, March 22nd.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in Systemax by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 208,082 shares of the company’s stock worth $4,971,000 after purchasing an additional 11,220 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Systemax by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,318,412 shares of the company’s stock worth $31,497,000 after purchasing an additional 16,623 shares in the last quarter. Legal & General Group Plc lifted its stake in Systemax by 26.5% in the 4th quarter. Legal & General Group Plc now owns 2,366 shares of the company’s stock worth $57,000 after purchasing an additional 495 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its stake in Systemax by 374.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,127 shares of the company’s stock worth $99,000 after purchasing an additional 3,257 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Systemax in the 4th quarter worth approximately $255,000. Institutional investors and hedge funds own 28.45% of the company’s stock.
Shares of SYX stock opened at $22.62 on Friday. Systemax has a 52-week low of $19.82 and a 52-week high of $47.75. The stock has a market capitalization of $885.51 million, a price-to-earnings ratio of 18.24 and a beta of -0.05.
Systemax (NYSE:SYX) last released its earnings results on Tuesday, February 26th. The company reported $0.26 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.26. The firm had revenue of $217.70 million for the quarter, compared to analysts’ expectations of $216.00 million. Systemax had a net margin of 19.18% and a return on equity of 24.55%. On average, equities analysts predict that Systemax will post 1.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 11th were paid a dividend of $0.12 per share. This is a boost from Systemax’s previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date of this dividend was Friday, March 8th. Systemax’s dividend payout ratio is presently 38.71%.
Systemax Inc operates as a direct marketer of brand name and private label products. Its Industrial Products Group segment sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance, furniture and office, HVAC/R and fans, workbench and shop desks, safety and security, outdoor and grounds maintenance, tools and instruments, office and school supplies, plumbing and pumps, packaging and supplies, electrical and lighting, food service and appliances, raw materials and building supplies, motors and power transmission, pneumatics and hydraulics, medical and laboratory equipment, metalworking and cutting tools, vehicle maintenance, and fasteners and hardware in North America.
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