Anixter (AXE) Given Coverage Optimism Score of 0.06

News articles about Anixter (NYSE:AXE) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Anixter earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 47.0390882731827 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

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AXE opened at $78.05 on Friday. The company has a market cap of $2,635.15, a price-to-earnings ratio of 15.13, a PEG ratio of 1.25 and a beta of 2.04. Anixter has a 52 week low of $62.40 and a 52 week high of $88.85. The company has a current ratio of 2.10, a quick ratio of 1.18 and a debt-to-equity ratio of 0.86.

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

Several research analysts have commented on the company. Wells Fargo reaffirmed a “market perform” rating and set a $90.00 price target (up previously from $78.00) on shares of Anixter in a research report on Wednesday, January 31st. Zacks Investment Research lowered Anixter from a “buy” rating to a “hold” rating in a research report on Tuesday, April 3rd. ValuEngine lowered Anixter from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Finally, TheStreet lowered Anixter from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Anixter presently has a consensus rating of “Hold” and an average target price of $90.00.

In other news, CEO Robert J. Eck sold 2,812 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $78.37, for a total value of $220,376.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last three months, insiders sold 27,212 shares of company stock worth $2,066,724. 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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