Equities analysts expect Anixter International Inc. (NYSE:AXE) to announce sales of $1.98 billion for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Anixter International’s earnings, with the lowest sales estimate coming in at $1.94 billion and the highest estimate coming in at $2.00 billion. Anixter International reported sales of $1.89 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.8%. The business is scheduled to issue its next earnings report on Tuesday, January 30th.

On average, analysts expect that Anixter International will report full year sales of $1.98 billion for the current financial year, with estimates ranging from $7.85 billion to $7.91 billion. For the next year, analysts anticipate that the company will post sales of $8.17 billion per share, with estimates ranging from $8.05 billion to $8.27 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Anixter International.

Anixter International (NYSE:AXE) last issued its earnings results on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.21). Anixter International had a return on equity of 12.52% and a net margin of 1.86%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the company earned $1.38 EPS. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year.

A number of equities analysts have issued reports on the company. BidaskClub downgraded Anixter International from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Zacks Investment Research upgraded Anixter International from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Robert W. Baird reaffirmed a “hold” rating and issued a $86.00 price target on shares of Anixter International in a report on Friday, September 1st. Finally, TheStreet cut Anixter International from a “b-” rating to a “c” rating in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Anixter International presently has a consensus rating of “Hold” and a consensus price target of $86.00.

In other Anixter International news, VP William Standish sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $76.95, for a total transaction of $76,950.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert J. Eck sold 2,600 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $86.23, for a total value of $224,198.00. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 24,000 shares of company stock worth $4,195 and have sold 30,958 shares worth $2,528,028. Insiders own 14.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. FMR LLC acquired a new stake in shares of Anixter International during the 1st quarter worth $1,610,000. Bank of Montreal Can increased its holdings in Anixter International by 594.2% in the 2nd quarter. Bank of Montreal Can now owns 34,143 shares of the technology company’s stock valued at $2,669,000 after purchasing an additional 29,225 shares in the last quarter. Aperio Group LLC increased its holdings in Anixter International by 15.4% in the 2nd quarter. Aperio Group LLC now owns 6,923 shares of the technology company’s stock valued at $541,000 after purchasing an additional 924 shares in the last quarter. US Bancorp DE increased its holdings in Anixter International by 1.6% in the 2nd quarter. US Bancorp DE now owns 4,527 shares of the technology company’s stock valued at $354,000 after purchasing an additional 72 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Anixter International by 84.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 31,525 shares of the technology company’s stock valued at $2,466,000 after purchasing an additional 14,444 shares in the last quarter. 87.11% of the stock is currently owned by institutional investors.

Shares of Anixter International (NYSE AXE) opened at $71.50 on Friday. Anixter International has a one year low of $62.40 and a one year high of $88.60. The company has a quick ratio of 1.17, a current ratio of 2.07 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $2,370.00, a PE ratio of 13.81, a PEG ratio of 1.36 and a beta of 2.02.

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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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