Shares of Systemax Inc. (NYSE:SYX) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Analysts have set a one year consensus price objective of $34.00 for the company and are predicting that the company will post $0.24 earnings per share for the current quarter, according to Zacks. Zacks has also given Systemax an industry rank of 243 out of 255 based on the ratings given to its competitors.
Several equities analysts have weighed in on the stock. TheStreet upgraded shares of Systemax from a “c+” rating to a “b-” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Systemax from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.
In other news, Director Lawrence P. Reinhold sold 1,304 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $25.00, for a total value of $32,600.00. Following the transaction, the director now directly owns 183,154 shares in the company, valued at approximately $4,578,850. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence P. Reinhold sold 3,583 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $25.00, for a total transaction of $89,575.00. Following the completion of the transaction, the director now owns 183,154 shares in the company, valued at $4,578,850. The disclosure for this sale can be found here. Corporate insiders own 67.20% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Systemax by 9.3% in the 2nd quarter. BlackRock Inc. now owns 904,143 shares of the company’s stock worth $20,037,000 after acquiring an additional 76,573 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Systemax by 4.5% in the 2nd quarter. King Luther Capital Management Corp now owns 779,549 shares of the company’s stock worth $17,275,000 after acquiring an additional 33,735 shares during the last quarter. Grandeur Peak Global Advisors LLC increased its stake in Systemax by 32.9% during the 2nd quarter. Grandeur Peak Global Advisors LLC now owns 286,298 shares of the company’s stock worth $6,344,000 after buying an additional 70,822 shares during the period. Scout Investments Inc. increased its stake in Systemax by 96.0% during the 2nd quarter. Scout Investments Inc. now owns 267,369 shares of the company’s stock worth $5,925,000 after buying an additional 130,952 shares during the period. Finally, Northern Trust Corp increased its stake in Systemax by 1.8% during the 2nd quarter. Northern Trust Corp now owns 220,802 shares of the company’s stock worth $4,892,000 after buying an additional 3,932 shares during the period. Hedge funds and other institutional investors own 29.26% of the company’s stock.
NYSE:SYX traded down $0.39 on Tuesday, hitting $22.27. The stock had a trading volume of 25,977 shares, compared to its average volume of 63,879. The company has a quick ratio of 1.14, a current ratio of 1.77 and a debt-to-equity ratio of 0.36. The stock has a market cap of $859.46 million, a price-to-earnings ratio of 17.96 and a beta of 0.04. The company has a fifty day moving average price of $22.58 and a two-hundred day moving average price of $21.46. Systemax has a 1-year low of $18.49 and a 1-year high of $32.95.
Systemax (NYSE:SYX) last posted its earnings results on Tuesday, October 29th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $243.90 million during the quarter, compared to analyst estimates of $252.00 million. Systemax had a net margin of 5.32% and a return on equity of 33.72%. As a group, analysts anticipate that Systemax will post 1.23 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Monday, November 11th will be issued a $0.12 dividend. The ex-dividend date is Thursday, November 7th. This represents a $0.48 annualized dividend and a dividend yield of 2.16%. Systemax’s dividend payout ratio is currently 38.71%.
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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