Media coverage about Anixter (NYSE:AXE) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Anixter earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.7393120570945 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Anixter opened at $63.30 on Friday, Marketbeat.com reports. The stock has a market cap of $2.13 billion, a PE ratio of 12.27, a price-to-earnings-growth ratio of 1.13 and a beta of 2.06. The company has a quick ratio of 1.23, a current ratio of 2.21 and a debt-to-equity ratio of 0.86. Anixter has a 52 week low of $56.25 and a 52 week high of $88.85.
Anixter (NYSE:AXE) last announced its earnings results on Thursday, April 26th. The technology company reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.29 by ($0.13). The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.98 billion. Anixter had a return on equity of 12.26% and a net margin of 1.38%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.09 EPS. equities research analysts expect that Anixter will post 5.66 EPS for the current year.
AXE has been the subject of several research analyst reports. ValuEngine downgraded shares of Anixter from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Anixter from a “buy” rating to a “hold” rating in a research note on Tuesday, April 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Anixter currently has a consensus rating of “Hold” and a consensus target price of $90.00.
In other news, EVP Justin C. Choi acquired 1,500 shares of Anixter stock in a transaction that occurred on Tuesday, May 1st. The shares were acquired at an average price of $59.89 per share, with a total value of $89,835.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert J. Eck sold 12,200 shares of Anixter stock in a transaction that occurred on Wednesday, April 11th. The shares were sold at an average price of $75.30, for a total transaction of $918,660.00. The disclosure for this sale can be found here. In the last quarter, insiders have bought 7,700 shares of company stock valued at $461,945. 13.60% of the stock is owned by corporate insiders.
Anixter Company Profile
Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. Its Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switche, and other ancillary products for technology, finance, telecommunications service provider, transportation, education, government, healthcare, and retail industries.
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