Anixter International (AXE) Scheduled to Post Earnings on Tuesday

Anixter International (NYSE:AXE) will be posting its quarterly earnings results before the market opens on Tuesday, January 30th. Analysts expect Anixter International to post earnings of $1.28 per share for the quarter.

Anixter International (NYSE:AXE) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.21). The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.06 billion. Anixter International had a net margin of 1.86% and a return on equity of 12.52%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. On average, analysts expect Anixter International to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of Anixter International (NYSE AXE) opened at $79.95 on Tuesday. The stock has a market capitalization of $2,660.00, a PE ratio of 18.68, a PEG ratio of 1.40 and a beta of 2.03. The company has a current ratio of 2.07, a quick ratio of 1.17 and a debt-to-equity ratio of 0.87. Anixter International has a 12-month low of $62.40 and a 12-month high of $88.60.

A number of analysts have recently issued reports on the company. ValuEngine upgraded Anixter International from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. TheStreet downgraded Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st. Finally, Zacks Investment Research downgraded Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $86.00.

In related news, VP William Standish sold 1,758 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $65.00, for a total value of $114,270.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert J. Eck sold 7,800 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $80.12, for a total value of $624,936.00. The disclosure for this sale can be found here. Insiders sold a total of 20,732 shares of company stock valued at $1,577,404 in the last 90 days. 14.70% of the stock is currently owned by corporate insiders.

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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).

Earnings History for Anixter International (NYSE:AXE)

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