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 earnings results on Tuesday, February, 4th. The technology company reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.55. The technology company had revenue of $2.25 billion for the quarter, compared to analysts' expectations 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 period in the prior year, the company 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 updated 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 1 year target prices for Anixter International's stock. Their forecasts range from $81.00 to $90.00. On average, they anticipate Anixter International's share price to reach $85.50 in the next twelve months. This suggests that the stock has a possible downside of 13.4%. 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.

Media headlines about AXE stock have trended somewhat positive recently, InfoTrie Sentiment reports. The research group rates the sentiment of news 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 media sentiment score of 1.0 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future. View News Stories for Anixter International.

Anixter International saw a decline in short interest during the month of 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 trading volume of 672,800 shares, the days-to-cover ratio is currently 0.7 days. Currently, 1.6% of the shares of the company 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), AT&T (T), CVS Health (CVS), Enterprise Products Partners (EPD), 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 acquired 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 $98.74.

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]