Systemax Inc. (NYSE:SYX) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $34.00 for the company and are expecting 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 233 out of 255 based on the ratings given to its competitors.
A number of analysts have recently issued reports on SYX shares. Zacks Investment Research upgraded Systemax from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. TheStreet upgraded Systemax from a “c+” rating to a “b-” rating in a research report on Wednesday, October 2nd.
In other Systemax news, Director Lawrence P. Reinhold sold 3,583 shares of the business’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $25.00, for a total value of $89,575.00. Following the transaction, the director now owns 183,154 shares of the company’s stock, valued at $4,578,850. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lawrence P. Reinhold sold 1,304 shares of the business’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of $25.00, for a total value of $32,600.00. Following the completion of the transaction, the director now directly owns 183,154 shares in the company, valued at approximately $4,578,850. The disclosure for this sale can be found here. 67.20% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its position in shares of Systemax by 124.8% in the 3rd quarter. Squarepoint Ops LLC now owns 31,478 shares of the company’s stock worth $693,000 after acquiring an additional 17,478 shares in the last quarter. State Street Corp increased its position in Systemax by 2.4% in the 3rd quarter. State Street Corp now owns 331,294 shares of the company’s stock valued at $7,292,000 after buying an additional 7,893 shares in the last quarter. Bartlett & Co. LLC bought a new stake in Systemax in the 3rd quarter valued at about $26,000. California Public Employees Retirement System increased its position in Systemax by 12.9% in the 3rd quarter. California Public Employees Retirement System now owns 20,623 shares of the company’s stock valued at $454,000 after buying an additional 2,349 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Systemax by 81.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 139,269 shares of the company’s stock valued at $3,065,000 after buying an additional 62,661 shares in the last quarter. Institutional investors own 29.08% of the company’s stock.
Shares of SYX stock traded up $0.07 during trading on Wednesday, reaching $22.99. The company had a trading volume of 81,800 shares, compared to its average volume of 62,018. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.77 and a quick ratio of 1.17. The firm’s 50 day simple moving average is $22.79 and its two-hundred day simple moving average is $21.46. The company has a market capitalization of $869.22 million, a PE ratio of 18.54 and a beta of 0.11. Systemax has a one year low of $18.49 and a one year high of $32.95.
Systemax (NYSE:SYX) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.01). The business had revenue of $243.90 million during the quarter, compared to the consensus estimate of $252.00 million. Systemax had a return on equity of 33.72% and a net margin of 5.32%. Analysts forecast that Systemax will post 1.23 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, November 7th. 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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