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NYSE:AXEAnixter International Stock Price, Forecast & News

$98.15
+0.34 (+0.35 %)
(As of 06/5/2020 04:00 PM ET)
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Today's Range
$98.02
Now: $98.15
$99.29
50-Day Range
$88.81
MA: $93.16
$97.81
52-Week Range
$55.35
Now: $98.15
$99.39
Volume456,306 shs
Average Volume290,192 shs
Market Capitalization$3.34 billion
P/E Ratio13.00
Dividend YieldN/A
Beta1.4
Anixter International Inc., through its subsidiary, Anixter Inc., distributes enterprise cabling and security solutions, electrical and electronic wire and cable solutions, and utility power solutions worldwide. The company operates through Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES), and Utility Power Solutions (UPS) segments. The NSS segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinet, power, cable management, wireless, professional audio/video, voice and networking switches, and other ancillary products for the technology, finance, transportation, education, government, healthcare, and retail industries, as well as telecommunications service providers. The EES Solutions segment provides electrical and electronic wires and cables, shipboard cables, support and supply products, low-voltage and instrumentation cables, industrial communication and control products, security cables, connectors, industrial Ethernet switches, and voice and data cables to the commercial and industrial, and original equipment manufacturer markets. The UPS segment supplies electrical transmission and distribution products, power plant maintenance, repair and operations supplies, and smart-grid products, as well as arranges materials management and procurement outsourcing for the power generation and transmission, and electricity distribution industries. The company serves contractors, installers, system integrators, value-added resellers, architects, engineers, and wholesale distributors in various industries, including manufacturing, resource extraction, telecommunications, Internet service providers, finance, education, healthcare, retail, transportation, utilities, and defense, as well as government customers. The company was formerly known as Itel Corporation. Anixter International Inc. was founded in 1957 and is headquartered in Glenview, Illinois.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.33 out of 5 stars


Industry, Sector and Symbol

Industry Electrical apparatus & equipment
Sub-IndustryTechnology Distributors
CUSIP03529010
Phone224-521-8000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.85 billion
Cash Flow$9.75 per share
Book Value$55.01 per share

Profitability

Net Income$262.90 million

Miscellaneous

Employees9,400
Market Cap$3.34 billion
Next Earnings Date7/23/2020 (Estimated)
OptionableOptionable

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Anixter International (NYSE:AXE) Frequently Asked Questions

How has Anixter International's stock been impacted by COVID-19 (Coronavirus)?

Anixter International's stock was trading at $92.19 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, AXE shares have increased by 6.5% and is now trading at $98.15. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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.

When is Anixter International's next earnings date?

Anixter International is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. View our earnings forecast for Anixter International.

How were Anixter International's earnings last quarter?

Anixter International Inc. (NYSE:AXE) announced its earnings results on Tuesday, April, 28th. The technology company reported $1.28 earnings per share for the quarter, missing the consensus estimate of $1.48 by $0.20. The technology company earned $2.07 billion during the quarter, compared to analysts' expectations of $2.16 billion. Anixter International had a net margin of 2.95% and a return on equity of 14.30%. The company's quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. View Anixter International's earnings history.

What price target have analysts set for AXE?

2 brokerages have issued 1-year price objectives for Anixter International's stock. 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 twelve months. This suggests that the stock has a possible downside of 12.9%. View analysts' price targets for Anixter International.

Has Anixter International been receiving favorable news coverage?

News articles about AXE stock have been trending somewhat positive this week, according to InfoTrie Sentiment. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Anixter International earned a daily sentiment score of 1.0 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutAnixter International.

Are investors shorting Anixter International?

Anixter International saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,800,000 shares, an increase of 38.6% from the April 15th total of 2,020,000 shares. Based on an average trading volume of 562,500 shares, the short-interest ratio is currently 5.0 days. Currently, 8.4% of the company's stock are sold short. View Anixter International's Current Options Chain.

Who are some of Anixter International's key competitors?

What other stocks do shareholders of Anixter International own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Anixter International investors own include Schlumberger (SLB), AT&T (T), AbbVie (ABBV), CVS Health (CVS), General Electric (GE), salesforce.com (CRM), Cisco Systems (CSCO), Walt Disney (DIS), Intel (INTC) and 3M (MMM).

Who are Anixter International's key executives?

Anixter International's management team includes the following people:
  • Mr. William A. Galvin, Pres & CEO (Age 56)
  • Mr. Theodore A. Dosch CPA, Exec. VP of Fin. & CFO (Age 60)
  • Mr. Robert M. Graham, Exec. VP of Electrical & Electronic Solutions (Age 51)
  • Mr. Orlando McGee, Exec. VP of Operations (Age 57)
  • Mr. Scott Ramsbottom, Exec. VP & Chief Information Officer (Age 45)

What is Anixter International's stock symbol?

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

Who are Anixter International's major shareholders?

Anixter International's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.77%), Alpine Associates Management Inc. (4.08%), Water Island Capital LLC (3.25%), State Street Corp (3.10%), Pentwater Capital Management LP (2.01%) and Citigroup Inc. (1.55%). Company insiders that own Anixter International stock include F Philip Handy, Mccleary Alice, Robert J Eck, Ted A Dosch and William Galvin. View institutional ownership trends for Anixter International.

Which institutional investors are selling Anixter International stock?

AXE stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., UBS Group AG, Morgan Stanley, Morgan Stanley, BlackRock Inc., Wells Fargo & Company MN, and Maven Securities LTD. 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 activity for Anixter International.

Which institutional investors are buying Anixter International stock?

AXE stock was purchased by a variety of institutional investors in the last quarter, including Alpine Associates Management Inc., Water Island Capital LLC, Citigroup Inc., Pentwater Capital Management LP, Beryl Capital Management LLC, Healthcare of Ontario Pension Plan Trust Fund, Public Sector Pension Investment Board, and Alberta Investment Management Corp. View insider buying and selling activity for Anixter International.

How do I buy shares of 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.

What is Anixter International's stock price today?

One share of AXE stock can currently be purchased for approximately $98.15.

How big of a company is Anixter International?

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 9,400 workers across the globe.

What is Anixter International's official website?

The official website for Anixter International is www.anixter.com.

How can I contact Anixter International?

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]

This page was last updated on 6/7/2020 by MarketBeat.com Staff

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