NYSE:AXEAnixter International Stock Price, Forecast & News

Anixter International's stock was trading at $92.19 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AXE shares have decreased by 4.8% and is now trading at $87.72. View which stocks have been most impacted by Coronavirus.

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.

Anixter International is scheduled to release its next quarterly earnings announcement on Tuesday, April 28th 2020. View our earnings forecast for Anixter International.

Anixter International Inc. (NYSE:AXE) released its earnings results on Tuesday, February, 4th. The technology company reported $2.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.63 by $0.55. The technology company earned $2.25 billion during the quarter, compared to analysts' expectations of $2.18 billion. Anixter International had a return on equity of 14.80% and a net margin of 2.97%. The company's revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $1.53 earnings per share. View Anixter International's earnings history.

Anixter International issued an update on its FY 2020 Pre-Market earnings guidance on Tuesday, February, 4th. The company provided 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 equities research analysts have issued twelve-month target prices for Anixter International's stock. 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 2.5%. View analysts' price targets for Anixter International.

Press coverage about AXE stock has been trending very negative on Wednesday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Anixter International earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View the latest news aboutAnixter International.

Anixter International saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 1,340,000 shares, an increase of 21.8% from the February 13th total of 1,100,000 shares. Based on an average trading volume of 572,800 shares, the days-to-cover ratio is currently 2.3 days. Currently, 4.4% of the company's shares are short sold. View Anixter International's Current Options Chain.

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

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

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

Anixter International's stock is owned by a number of institutional and retail investors. Top institutional investors include State of Alaska Department of Revenue (0.08%). 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 purchased by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 activity 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 $87.72.

Anixter International has a market capitalization of $2.97 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 9,400 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]