Systemax (NYSE:SYX) Releases Quarterly Earnings Results, Beats Estimates By $0.20 EPS
Systemax (NYSE:SYX) issued its quarterly earnings data on Tuesday. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.20, MarketWatch Earnings reports. Systemax had a return on equity of 30.50% and a net margin of 5.22%. The business had revenue of $242.10 million during the quarter, compared to analyst estimates of $208.05 million. During the same period in the previous year, the firm earned $0.38 EPS. Systemax’s quarterly revenue was down 2.6% compared to the same quarter last year.
Shares of SYX traded down $0.11 on Friday, hitting $22.24. The company’s stock had a trading volume of 1,500 shares, compared to its average volume of 71,171. Systemax has a fifty-two week low of $14.00 and a fifty-two week high of $26.57. The company has a quick ratio of 1.00, a current ratio of 1.66 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average price is $19.90 and its 200-day moving average price is $20.24. The firm has a market capitalization of $840.45 million, a price-to-earnings ratio of 17.60 and a beta of 0.51.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Monday, August 10th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.56 annualized dividend and a dividend yield of 2.52%. Systemax’s dividend payout ratio is presently 42.42%.
In other Systemax news, insider Donna Fielding sold 1,980 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $20.27, for a total transaction of $40,134.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 67.00% of the company’s stock.
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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