Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Anixter International (AXE) Stock Price
News coverage about Anixter International (NYSE:AXE) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of 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 0.20 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 46.0664815678559 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of Anixter International (NYSE:AXE) opened at $76.35 on Friday. The stock has a market capitalization of $2,550.00, a PE ratio of 23.79, a P/E/G ratio of 1.20 and a beta of 2.06. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.18 and a current ratio of 2.10. Anixter International has a 1-year low of $62.40 and a 1-year high of $88.85.
Anixter International (NYSE:AXE) last issued its quarterly earnings data 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 business had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Anixter International had a return on equity of 12.39% and a net margin of 1.38%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 EPS. analysts expect that Anixter International will post 6.35 earnings per share for the current fiscal year.
In related news, CEO Robert J. Eck sold 7,800 shares of the stock in a transaction dated 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 SEC, which is available at the SEC website. Also, VP William Standish sold 1,758 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $65.00, for a total value of $114,270.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,732 shares of company stock worth $1,577,404 in the last three months. 14.70% of the stock is currently owned by insiders.
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Anixter International Company Profile
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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