Anixter (AXE) Earning Somewhat Positive News Coverage, Analysis Finds

Media headlines about Anixter (NYSE:AXE) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Anixter earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 46.5032051838385 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:

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Shares of Anixter stock opened at $77.00 on Monday. The company has a market cap of $2,543.59, a price-to-earnings ratio of 14.92, a P/E/G ratio of 1.20 and a beta of 2.04. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.10 and a quick ratio of 1.18. Anixter has a 12-month low of $62.40 and a 12-month high of $88.85.

Anixter (NYSE:AXE) last announced its earnings results on Tuesday, January 30th. The technology company reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.10. The firm had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Anixter had a return on equity of 12.39% and a net margin of 1.38%. The company’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.31 earnings per share. equities analysts predict that Anixter will post 6.35 EPS for the current fiscal year.

AXE has been the topic of a number of research reports. Zacks Investment Research upgraded Anixter from a “sell” rating to a “hold” rating in a report on Tuesday, December 26th. Wells Fargo reaffirmed a “market perform” rating and set a $90.00 target price (up previously from $78.00) on shares of Anixter in a research report on Wednesday, January 31st. TheStreet cut Anixter from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Finally, ValuEngine cut Anixter from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $90.00.

In other Anixter news, CEO Robert J. Eck sold 7,800 shares of the company’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 transaction of $624,936.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 35,012 shares of company stock valued at $2,691,660 in the last ninety days. Company insiders own 14.70% of the company’s stock.

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About Anixter

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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