Systemax (SYX) Earning Somewhat Positive Press Coverage, Analysis Shows

Media stories about Systemax (NYSE:SYX) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Systemax earned a news impact score of 0.09 on Accern’s scale. Accern also gave media coverage about the company an impact score of 46.1883134927107 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern Sentiment’s analysis:

SYX has been the topic of several research reports. TheStreet upgraded Systemax from a “c” rating to a “b-” rating in a research note on Monday, June 5th. Sidoti restated a “buy” rating and set a $31.00 price target (up from $25.00) on shares of Systemax in a research note on Thursday, August 10th. Finally, BidaskClub lowered Systemax from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.

Systemax (NYSE SYX) opened at 25.75 on Friday. Systemax has a 52 week low of $7.05 and a 52 week high of $26.65. The company’s market capitalization is $953.21 million. The company’s 50-day moving average price is $24.00 and its 200 day moving average price is $17.24.

Systemax (NYSE:SYX) last released its quarterly earnings results on Tuesday, August 1st. The company reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.16. The firm had revenue of $313.00 million for the quarter. Systemax had a negative net margin of 0.87% and a positive return on equity of 12.27%. On average, analysts predict that Systemax will post $1.23 EPS for the current year.

In other Systemax news, VP Thomas Axmacher sold 10,314 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $24.45, for a total value of $252,177.30. Following the transaction, the vice president now directly owns 5,125 shares of the company’s stock, valued at approximately $125,306.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Lawrence P. Reinhold sold 47,880 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $25.07, for a total transaction of $1,200,351.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 66,080 shares of company stock worth $1,639,765. Insiders own 69.60% of the company’s stock.

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Systemax Company Profile

Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.

Insider Buying and Selling by Quarter for Systemax (NYSE:SYX)

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