Systemax Inc. (SYX) to Release Earnings on Monday
Systemax Inc. (NYSE:SYX) will release its earnings data after the market closes on Monday, October 30th. Analysts expect Systemax to post earnings of $0.28 per share for the quarter.
Systemax (NYSE:SYX) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.16. Systemax had a negative net margin of 0.87% and a positive return on equity of 12.27%. The business had revenue of $313.00 million during the quarter. On average, analysts expect Systemax to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Systemax Inc. (SYX) opened at 28.37 on Monday. Systemax Inc. has a one year low of $7.05 and a one year high of $29.50. The stock’s market capitalization is $1.05 billion. The firm has a 50-day moving average of $26.47 and a 200 day moving average of $20.19.
In other news, VP Thomas Axmacher sold 10,314 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $24.45, for a total transaction of $252,177.30. Following the transaction, the vice president now directly owns 5,125 shares in the company, valued at $125,306.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Manoj Shetty sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $23.30, for a total transaction of $116,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 146,283 shares of company stock worth $3,788,403. Insiders own 69.60% of the company’s stock.
SYX has been the topic of a number of recent research reports. Sidoti upgraded shares of Systemax from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, August 2nd. BidaskClub downgraded shares of Systemax from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th.
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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.
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