Anixter International (AXE) Scheduled to Post Earnings on Tuesday
Anixter International (NYSE:AXE) is scheduled to be posting its Q114 quarterly earnings results on Tuesday, April 29th. Analysts expect Anixter International to post earnings of $1.41 per share and revenue of $1.54 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Anixter International (NYSE:AXE) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.47 by $0.13. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. On average, analysts expect Anixter International to post $6.42 EPS for the current fiscal year and $7.09 EPS for the next fiscal year.
Anixter International (NYSE:AXE) opened at 94.81 on Monday. Anixter International has a 52 week low of $69.48 and a 52 week high of $115.84. The stock has a 50-day moving average of $100.0 and a 200-day moving average of $93.04. The company has a market cap of $3.087 billion and a price-to-earnings ratio of 16.06.
A number of research firms have recently commented on AXE. Analysts at Robert W. Baird raised their price target on shares of Anixter International from $103.00 to $115.00 in a research note on Friday, February 21st. On the ratings front, analysts at Cross Research downgraded shares of Anixter International to a “hold” rating in a research note on Wednesday, February 5th. Finally, analysts at Buckingham Research cut their price target on shares of Anixter International from $103.00 to $101.00 in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $96.94.
In other Anixter International news, VP William Galvin unloaded 1,000 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $95.85, for a total value of $95,850.00. Following the sale, the vice president now directly owns 47,778 shares in the company, valued at approximately $4,579,521. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Anixter International Inc is engaged in the distribution of communications and security products, electrical wire and cable products, fasteners and small parts through Anixter Inc and its subsidiaries (NYSE:AXE).
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