Shares of Systemax Inc. (NYSE:SYX) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 12-month consensus price objective of $34.00 for the company and are expecting that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Systemax an industry rank of 56 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut W. R. Grace & Co from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.
In related news, Director Lawrence P. Reinhold sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $22.22, for a total value of $777,700.00. Following the completion of the sale, the director now owns 215,011 shares of the company’s stock, valued at approximately $4,777,544.42. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 67.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SYX. Bessemer Group Inc. raised its holdings in shares of Systemax by 2.1% during the 2nd quarter. Bessemer Group Inc. now owns 44,600 shares of the company’s stock worth $988,000 after buying an additional 900 shares in the last quarter. Falcon Point Capital LLC boosted its position in shares of Systemax by 9.2% during the 2nd quarter. Falcon Point Capital LLC now owns 28,350 shares of the company’s stock valued at $628,000 after purchasing an additional 2,386 shares in the last quarter. Scout Investments Inc. boosted its position in shares of Systemax by 96.0% during the 2nd quarter. Scout Investments Inc. now owns 267,369 shares of the company’s stock valued at $5,925,000 after purchasing an additional 130,952 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Systemax by 19.0% during the 1st quarter. First Trust Advisors LP now owns 92,212 shares of the company’s stock valued at $2,088,000 after purchasing an additional 14,701 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of Systemax during the 1st quarter valued at about $219,000. 29.08% of the stock is owned by hedge funds and other institutional investors.
NYSE:SYX traded down $0.13 on Monday, hitting $18.96. 107,500 shares of the company’s stock traded hands, compared to its average volume of 67,942. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.05 and a current ratio of 1.72. Systemax has a 1 year low of $18.63 and a 1 year high of $47.75. The firm’s 50-day simple moving average is $20.84. The firm has a market capitalization of $714.52 million, a P/E ratio of 15.29 and a beta of 0.15.
Systemax (NYSE:SYX) last released its earnings results on Tuesday, April 30th. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.05. Systemax had a return on equity of 25.22% and a net margin of 20.96%. The company had revenue of $232.20 million for the quarter, compared to analysts’ expectations of $231.65 million. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. Analysts predict that Systemax will post 1.39 earnings per share for the current fiscal year.
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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