Anixter (NYSE:AXE) Earns Coverage Optimism Rating of 0.09

News stories about Anixter (NYSE:AXE) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Anixter earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.1760597743873 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of NYSE AXE traded up $1.45 during trading hours on Thursday, hitting $75.80. 102,962 shares of the company’s stock were exchanged, compared to its average volume of 172,807. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.18 and a current ratio of 2.10. The stock has a market capitalization of $2,460.36, a PE ratio of 23.60, a P/E/G ratio of 1.16 and a beta of 2.07. Anixter has a 1-year low of $62.40 and a 1-year high of $88.85.

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Anixter (NYSE:AXE) last posted its quarterly earnings results on Tuesday, January 30th. The technology company reported $1.41 EPS for the quarter, beating the consensus estimate of $1.31 by $0.10. Anixter 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 quarter in the prior year, the firm posted $1.31 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. equities research analysts forecast that Anixter will post 6.35 EPS for the current fiscal year.

A number of brokerages recently issued reports on AXE. ValuEngine upgraded Anixter from a “hold” rating to a “buy” rating in a report on Friday, December 29th. Zacks Investment Research upgraded Anixter from a “hold” rating to a “strong-buy” rating and set a $96.00 price target on the stock in a report on Thursday, February 1st. TheStreet upgraded Anixter from a “c+” rating to a “b-” rating in a research note on Wednesday, January 10th. Finally, Wells Fargo restated a “market perform” rating and issued a $90.00 target price (up previously from $78.00) on shares of Anixter in a research note on Wednesday, January 31st. One analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $90.00.

In related news, CEO Robert J. Eck sold 12,200 shares of the stock in a transaction that occurred on Wednesday, March 7th. The stock was sold at an average price of $76.04, for a total transaction of $927,688.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 22,986 shares of company stock worth $1,786,198. Corporate insiders own 14.70% of the company’s stock.

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Anixter Company Profile

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.

Insider Buying and Selling by Quarter for Anixter (NYSE:AXE)

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