Systemax Inc. (NYSE:SYX) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus target price of $34.00 for the company and are expecting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Systemax an industry rank of 12 out of 256 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded shares of Systemax from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st.
SYX traded up $0.61 during trading on Tuesday, hitting $20.97. The stock had a trading volume of 32,800 shares, compared to its average volume of 69,095. Systemax has a twelve month low of $18.49 and a twelve month high of $40.27. The business’s 50 day simple moving average is $20.83. The company has a quick ratio of 1.05, a current ratio of 1.72 and a debt-to-equity ratio of 0.36. The stock has a market cap of $751.20 million, a P/E ratio of 16.91 and a beta of 0.12.
Systemax (NYSE:SYX) last issued its earnings results on Tuesday, July 30th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Systemax had a net margin of 23.14% and a return on equity of 23.80%. The firm had revenue of $248.60 million during the quarter, compared to analysts’ expectations of $247.65 million. During the same quarter last year, the company posted $0.60 earnings per share. The firm’s revenue was up 7.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Systemax will post 1.39 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 12th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Friday, August 9th. Systemax’s dividend payout ratio is presently 38.71%.
Several institutional investors have recently modified their holdings of SYX. Carillon Tower Advisers Inc. boosted its stake in shares of Systemax by 20.9% during the 2nd quarter. Carillon Tower Advisers Inc. now owns 160,375 shares of the company’s stock worth $3,554,000 after acquiring an additional 27,775 shares during the period. JPMorgan Chase & Co. increased its position in shares of Systemax by 203.5% during the second quarter. JPMorgan Chase & Co. now owns 13,009 shares of the company’s stock worth $283,000 after acquiring an additional 8,722 shares during the period. Wells Fargo & Company MN increased its position in shares of Systemax by 3.0% during the second quarter. Wells Fargo & Company MN now owns 23,964 shares of the company’s stock worth $531,000 after acquiring an additional 694 shares during the period. Swiss National Bank increased its position in shares of Systemax by 3.8% during the second quarter. Swiss National Bank now owns 24,300 shares of the company’s stock worth $538,000 after acquiring an additional 900 shares during the period. Finally, Aperio Group LLC purchased a new position in shares of Systemax during the second quarter worth approximately $42,000. Institutional investors and hedge funds own 29.08% of the company’s stock.
Systemax Company Profile
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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