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) released its quarterly earnings results on Tuesday, February, 4th. The technology company reported $2.18 earnings per share for the quarter, beating analysts' consensus estimates of $1.63 by $0.55. The technology company had revenue of $2.25 billion for 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%. Anixter International's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $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 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 price objectives for Anixter International's shares. Their forecasts range from $81.00 to $90.00. On average, they expect Anixter International's share price to reach $85.50 in the next year. This suggests that the stock has a possible downside of 13.0%. 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 coverage about AXE stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of 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 1.8 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for Anixter International.

Anixter International saw a decrease in short interest during the month of January. As of January 31st, there was short interest totalling 485,400 shares, a decrease of 12.6% from the January 15th total of 555,500 shares. Based on an average daily volume of 672,800 shares, the short-interest ratio is presently 0.7 days. Approximately 1.6% of the company's shares 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 Enterprise Products Partners (EPD), AT&T (T), AbbVie (ABBV), CVS Health (CVS), Cisco Systems (CSCO), QUALCOMM (QCOM), General Electric (GE), Schlumberger (SLB), Verizon Communications (VZ) and salesforce.com (CRM).

Anixter International's stock is owned by a number of of institutional and retail investors. Top institutional shareholders 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 purchased 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 $98.25.

Anixter International has a market capitalization of $3.32 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]