Anixter International Inc. (NYSE:AXE) is scheduled to release its earnings data before the market opens on Tuesday, July 25th. Analysts expect Anixter International to post earnings of $1.36 per share for the quarter.
Anixter International (NYSE:AXE) last posted its earnings results on Tuesday, April 25th. The technology company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. Anixter International had a return on equity of 13.31% and a net margin of 1.67%. The company had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. Anixter International’s revenue was up 4.4% on a year-over-year basis. On average, analysts expect Anixter International to post $5.34 EPS for the current fiscal year and $5.98 EPS for the next fiscal year.
Anixter International Inc. (AXE) opened at 79.45 on Tuesday. The firm has a 50-day moving average price of $76.88 and a 200-day moving average price of $80.05. The company has a market cap of $2.64 billion, a P/E ratio of 20.84 and a beta of 1.98. Anixter International Inc. has a 12-month low of $56.23 and a 12-month high of $88.00.
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Several research firms have weighed in on AXE. Zacks Investment Research downgraded Anixter International from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Company restated a “market perform” rating and issued a $82.00 target price (down previously from $89.00) on shares of Anixter International in a research note on Wednesday, July 12th. BidaskClub upgraded Anixter International from a “sell” rating to a “hold” rating in a research note on Friday, June 16th. Finally, Wolfe Research assumed coverage on Anixter International in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Anixter International presently has a consensus rating of “Hold” and an average price target of $86.00.
In related news, VP William Standish sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $76.20, for a total value of $76,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director F Philip Handy sold 20,000 shares of the company’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $83.97, for a total value of $1,679,400.00. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 30,000 shares of company stock valued at $5,510 and sold 31,930 shares valued at $2,629,499. Corporate insiders own 14.70% of the company’s stock.
About Anixter International
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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