NYSE:AXE - Anixter International Stock Price, Forecast & News

Anixter International trades on the New York Stock Exchange (NYSE) under the ticker symbol "AXE."

Anixter International Inc. (NYSE:AXE) announced its quarterly earnings results on Tuesday, February, 4th. The technology company reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.63 by $0.55. The technology company earned $2.25 billion during the quarter, compared to the consensus estimate of $2.18 billion. Anixter International had a net margin of 2.97% and a return on equity of 14.80%. The business's revenue was up 6.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.53 EPS. View Anixter International's Earnings History.

Anixter International is scheduled to release their next quarterly earnings announcement on Tuesday, April 28th 2020. View Earnings Estimates for Anixter International.

Anixter International issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, February, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.934-9.288 billion, compared to the consensus revenue estimate of $9.07 billion.

2 Wall Street analysts have issued 12-month price targets for Anixter International's shares. Their forecasts range from $81.00 to $90.00. On average, they expect Anixter International's stock price to reach $85.50 in the next twelve months. This suggests that the stock has a possible downside of 13.3%. View Analyst Price Targets for Anixter International.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Anixter International in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Anixter International.

News stories about AXE stock have trended somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Anixter International earned a news impact score of 0.7 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Anixter International.

Anixter International saw a decline in short interest in January. As of January 31st, there was short interest totalling 485,400 shares, a decline of 12.6% from the January 15th total of 555,500 shares. Based on an average daily trading volume, of 672,800 shares, the short-interest ratio is presently 0.7 days. Currently, 1.6% of the shares of the stock are sold short. View Anixter International's Current Options Chain.

Some companies that are related to Anixter International include SYNNEX (SNX), Arrow Electronics (ARW), Tech Data (TECD), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), Agilysys (AGYS), ScanSource (SCSC) and Richardson Electronics (RELL).

Based on aggregate information from My MarketBeat watchlists, some companies that other Anixter International investors own include AbbVie (ABBV), Enterprise Products Partners (EPD), AT&T (T), CVS Health (CVS), General Electric (GE), Schlumberger (SLB), Verizon Communications (VZ), Cisco Systems (CSCO), QUALCOMM (QCOM) and salesforce.com (CRM).

Anixter International's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (2.89%), Farallon Capital Management LLC (2.71%), Victory Capital Management Inc. (2.35%), Water Island Capital LLC (2.34%), Victory Capital Management Inc. (1.85%) and UBS Group AG (1.46%). Company insiders that own Anixter International stock include F Philip Handy, Justin C Choi, Mccleary Alice, Melvyn N Klein, Robert J Eck, Ted A Dosch and William Galvin. View Institutional Ownership Trends for Anixter International.

AXE stock was sold by a variety of institutional investors in the last quarter, including Pzena Investment Management LLC, Victory Capital Management Inc., Victory Capital Management Inc., Ariel Investments LLC, Prudential Financial Inc., Royce & Associates LP, Panagora Asset Management Inc. and New York State Common Retirement Fund. Company insiders that have sold Anixter International company stock in the last year include F Philip Handy, Robert J Eck, Ted A Dosch and William Galvin. View Insider Buying and Selling for Anixter International.

AXE stock was bought by a variety of institutional investors in the last quarter, including Farallon Capital Management LLC, Water Island Capital LLC, UBS Group AG, CNH Partners LLC, Goldman Sachs Group Inc., Citigroup Inc., Renaissance Technologies LLC and Credit Suisse AG. Company insiders that have bought Anixter International stock in the last two years include Justin C Choi, Melvyn N Klein and Ted A Dosch. View Insider Buying and Selling for Anixter International.

Shares of AXE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of AXE stock can currently be purchased for approximately $98.61.

Anixter International has a market capitalization of $3.34 billion and generates $8.85 billion in revenue each year. The technology company earns $262.90 million in net income (profit) each year or $7.48 on an earnings per share basis. Anixter International employs 9,300 workers across the globe.View Additional Information About Anixter International.

The official website for Anixter International is http://www.anixter.com/.

Anixter International's mailing address is 2301 PATRIOT BLVD, GLENVIEW IL, 60026. The technology company can be reached via phone at 224-521-8000 or via email at [email protected]