Anixter International (AXE) Getting Somewhat Positive Press Coverage, Study Finds

Media coverage about Anixter International (NYSE:AXE) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Anixter International earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 46.5536044152992 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

AXE has been the subject of a number of analyst reports. Zacks Investment Research downgraded shares of Anixter International from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine raised shares of Anixter International from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, TheStreet raised shares of Anixter International from a “c+” rating to a “b-” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $86.00.

Anixter International (NYSE AXE) opened at $78.50 on Monday. Anixter International has a 12-month low of $62.40 and a 12-month high of $88.60. The company has a market cap of $2,610.00, a PE ratio of 18.34, a PEG ratio of 1.37 and a beta of 2.03. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.07 and a quick ratio of 1.17.

Anixter International (NYSE:AXE) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.21). Anixter International had a net margin of 1.86% and a return on equity of 12.52%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business earned $1.38 EPS. The business’s revenue was up 3.1% on a year-over-year basis. sell-side analysts expect that Anixter International will post 5.13 earnings per share for the current year.

In other news, CEO Robert J. Eck sold 11,000 shares of Anixter International stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $75.00, for a total value of $825,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP William Standish sold 1,758 shares of Anixter International stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $65.00, for a total transaction of $114,270.00. The disclosure for this sale can be found here. In the last three months, insiders sold 12,932 shares of company stock valued at $952,468. Insiders own 14.70% of the company’s stock.

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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).

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