Equities analysts predict that Anixter International Inc. (NYSE:AXE) will announce $1.99 billion in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Anixter International’s earnings, with the lowest sales estimate coming in at $1.98 billion and the highest estimate coming in at $2.00 billion. Anixter International reported sales of $1.90 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.7%. The firm is expected to issue its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that Anixter International will report full year sales of $1.99 billion for the current financial year, with estimates ranging from $8.26 billion to $8.27 billion. For the next year, analysts forecast that the firm will report sales of $8.51 billion per share, with estimates ranging from $8.44 billion to $8.57 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Anixter International.
Anixter International (NYSE:AXE) last released its earnings results on Tuesday, January 30th. The technology company reported $1.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.10. Anixter International had a return on equity of 12.39% and a net margin of 1.38%. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. During the same period in the previous year, the firm posted $1.31 EPS. Anixter International’s revenue for the quarter was up 6.3% on a year-over-year basis.
In other Anixter International news, CEO Robert J. Eck sold 7,800 shares of Anixter International stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $80.12, for a total transaction of $624,936.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 31,174 shares of company stock valued at $2,390,822 over the last ninety days. 14.70% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in Anixter International by 0.8% during the 4th quarter. BlackRock Inc. now owns 3,725,407 shares of the technology company’s stock worth $283,131,000 after buying an additional 30,910 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Anixter International by 4.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,379,703 shares of the technology company’s stock valued at $117,275,000 after purchasing an additional 63,922 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Anixter International by 5.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 896,632 shares of the technology company’s stock valued at $68,144,000 after purchasing an additional 46,165 shares during the last quarter. Pzena Investment Management LLC lifted its holdings in shares of Anixter International by 77.7% in the 4th quarter. Pzena Investment Management LLC now owns 860,348 shares of the technology company’s stock valued at $65,386,000 after purchasing an additional 376,316 shares during the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Anixter International by 14.2% in the 4th quarter. Jennison Associates LLC now owns 770,566 shares of the technology company’s stock valued at $58,563,000 after purchasing an additional 95,781 shares during the last quarter. 92.50% of the stock is owned by institutional investors.
Anixter International (NYSE AXE) opened at $78.55 on Tuesday. Anixter International has a one year low of $62.40 and a one year high of $88.85. The company has a market capitalization of $2,590.00, a price-to-earnings ratio of 18.44, a P/E/G ratio of 1.23 and a beta of 2.07. The company has a current ratio of 2.10, a quick ratio of 1.18 and a debt-to-equity ratio of 0.86.
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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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