Analysts Expect Anixter International Inc. (AXE) Will Announce Earnings of $1.46 Per Share

Equities analysts predict that Anixter International Inc. (NYSE:AXE) will post earnings per share of $1.46 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Anixter International’s earnings, with the highest EPS estimate coming in at $1.51 and the lowest estimate coming in at $1.41. Anixter International reported earnings of $1.41 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The firm is scheduled to issue its next earnings results on Tuesday, January 29th.

On average, analysts expect that Anixter International will report full year earnings of $5.75 per share for the current financial year, with EPS estimates ranging from $5.70 to $5.80. For the next fiscal year, analysts forecast that the company will post earnings of $6.47 per share, with EPS estimates ranging from $6.33 to $6.60. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Anixter International.

Anixter International (NYSE:AXE) last announced its quarterly earnings results on Tuesday, October 23rd. The technology company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.04. The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $2.11 billion. Anixter International had a net margin of 1.39% and a return on equity of 12.90%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.30 earnings per share.

AXE has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Anixter International from a “sell” rating to a “hold” rating in a research note on Monday, December 3rd. ValuEngine raised Anixter International from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Finally, TheStreet raised Anixter International from a “c+” rating to a “b” rating in a report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $85.50.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Anixter International by 3.7% in the third quarter. BlackRock Inc. now owns 4,180,969 shares of the technology company’s stock valued at $293,923,000 after acquiring an additional 149,651 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Anixter International by 7.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,987,232 shares of the technology company’s stock valued at $139,702,000 after acquiring an additional 135,848 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Anixter International by 18.4% in the third quarter. Victory Capital Management Inc. now owns 1,467,899 shares of the technology company’s stock valued at $103,193,000 after acquiring an additional 228,350 shares during the period. Earnest Partners LLC lifted its holdings in shares of Anixter International by 0.4% during the second quarter. Earnest Partners LLC now owns 866,034 shares of the technology company’s stock worth $54,820,000 after purchasing an additional 3,714 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Anixter International by 19.1% during the third quarter. Fisher Asset Management LLC now owns 743,341 shares of the technology company’s stock worth $52,257,000 after purchasing an additional 119,152 shares during the period. 88.93% of the stock is owned by institutional investors and hedge funds.

Shares of Anixter International stock opened at $58.30 on Friday. The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 1.31 and a beta of 2.07. Anixter International has a 52 week low of $56.25 and a 52 week high of $88.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.90 and a current ratio of 1.60.

About Anixter International

Anixter International Inc, through its subsidiary, Anixter Inc, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. Its Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switche, and other ancillary products for technology, finance, telecommunications service provider, transportation, education, government, healthcare, and retail industries.

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