Brokerages expect Anixter International Inc. (NYSE:AXE) to report earnings per share (EPS) of $1.36 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Anixter International’s earnings, with estimates ranging from $1.30 to $1.41. Anixter International posted earnings per share of $1.32 during the same quarter last year, which suggests a positive year over year growth rate of 3%. The business is scheduled to announce its next quarterly earnings report before the market opens on Tuesday, July 25th.

On average, analysts expect that Anixter International will report full year earnings of $5.34 per share for the current year, with EPS estimates ranging from $5.28 to $5.45. For the next year, analysts forecast that the company will report earnings of $5.98 per share, with EPS estimates ranging from $5.74 to $6.20. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Anixter International.

Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, April 25th. The technology company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.09. Anixter International had a net margin of 1.67% and a return on equity of 13.31%. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. During the same quarter in the previous year, the firm earned $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis.

Several equities research analysts have commented on AXE shares. Zacks Investment Research lowered Anixter International from a “buy” rating to a “hold” rating in a research report on Monday, May 29th. BidaskClub upgraded Anixter International from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Wells Fargo & Company started coverage on Anixter International in a research report on Tuesday, March 21st. They issued a “market perform” rating on the stock. Finally, Wolfe Research started coverage on Anixter International in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $88.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $86.00.

Shares of Anixter International (NYSE:AXE) traded up 1.28% during trading on Wednesday, reaching $79.15. 39,657 shares of the company’s stock traded hands. The company has a 50 day moving average price of $77.24 and a 200-day moving average price of $79.73. Anixter International has a one year low of $56.23 and a one year high of $88.00. The stock has a market cap of $2.63 billion, a P/E ratio of 20.76 and a beta of 1.98.

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In other Anixter International news, CEO Robert J. Eck sold 4,935 shares of the firm’s stock in a transaction on Friday, April 21st. The stock was sold at an average price of $80.00, for a total value of $394,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP William Standish sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $76.20, for a total value of $76,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have bought 30,000 shares of company stock worth $5,510 and have sold 32,930 shares worth $2,707,049. Company insiders own 14.70% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in AXE. State of Alaska Department of Revenue raised its position in shares of Anixter International by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 3,160 shares of the technology company’s stock worth $250,000 after buying an additional 80 shares during the last quarter. Airain ltd increased its stake in shares of Anixter International by 4.2% in the first quarter. Airain ltd now owns 3,634 shares of the technology company’s stock worth $288,000 after buying an additional 146 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of Anixter International by 1.3% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 14,208 shares of the technology company’s stock worth $1,152,000 after buying an additional 186 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Anixter International by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 11,600 shares of the technology company’s stock worth $920,000 after buying an additional 200 shares during the period. Finally, Arizona State Retirement System increased its stake in shares of Anixter International by 1.4% in the first quarter. Arizona State Retirement System now owns 14,864 shares of the technology company’s stock worth $1,179,000 after buying an additional 200 shares during the period. Institutional investors own 86.91% of the company’s stock.

Anixter International Company Profile

Anixter International Inc is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Company operates through three segments: Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS).

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Earnings History and Estimates for Anixter International (NYSE:AXE)

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