Anixter International (AXE) Earns Media Sentiment Score of 0.15

News articles about Anixter International (NYSE:AXE) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Anixter International earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.7094586289049 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Anixter International (AXE) traded down $1.60 during trading hours on Thursday, reaching $68.65. 206,905 shares of the company’s stock traded hands, compared to its average volume of 151,263. The company has a quick ratio of 1.17, a current ratio of 2.07 and a debt-to-equity ratio of 0.87. The firm has a market cap of $2,347.36, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.37 and a beta of 2.03. Anixter International has a 12 month low of $62.40 and a 12 month high of $88.60.

Anixter International (NYSE:AXE) last posted its earnings results on Tuesday, October 24th. The technology company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.51 by ($0.21). The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.38 earnings per share. sell-side analysts anticipate that Anixter International will post 5.13 EPS for the current year.

AXE has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Robert W. Baird restated a “hold” rating and set a $86.00 price target on shares of Anixter International in a research report on Friday, September 1st. Finally, TheStreet lowered shares of Anixter International from a “b-” rating to a “c” rating in a research report on Tuesday, November 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $86.00.

In other Anixter International news, CEO Robert J. Eck sold 2,600 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $86.23, for a total value of $224,198.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP William Standish sold 1,000 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $86.20, for a total transaction of $86,200.00. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock worth $2,528,028 over the last quarter. 14.70% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Anixter International (AXE) Earns Media Sentiment Score of 0.15” was posted by Week Herald and is the sole property of of Week Herald. If you are accessing this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be accessed at https://weekherald.com/2017/12/15/anixter-international-axe-earns-media-sentiment-score-of-0-15.html.

About Anixter International

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).

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

Receive News & Ratings for Anixter International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Anixter International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply