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) issued its quarterly earnings results on Wednesday, October, 30th. The technology company reported $1.92 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.65 by $0.27. The technology company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.24 billion. Anixter International had a net margin of 2.34% and a return on equity of 14.08%. Anixter International's quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.61 EPS. View Anixter International's Earnings History.

Anixter International is scheduled to release their next quarterly earnings announcement on Tuesday, February 4th 2020. View Earnings Estimates for Anixter International.

2 brokerages have issued twelve-month price targets 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 twelve months. This suggests that the stock has a possible downside of 13.6%. 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 stories about AXE stock have been trending positive this week, InfoTrie reports. The research group identifies negative and positive press coverage by analyzing 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 media sentiment score of 3.0 on InfoTrie's scale. They also assigned headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Anixter International.

Anixter International saw a drop in short interest in December. As of December 31st, there was short interest totalling 555,500 shares, a drop of 7.2% from the December 15th total of 598,900 shares. Based on an average daily trading volume, of 610,600 shares, the short-interest ratio is currently 0.9 days. Currently, 1.8% of the shares of the company are short sold. 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), 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 Schlumberger (SLB), AT&T (T), AbbVie (ABBV), CVS Health (CVS), General Electric (GE), Exxon Mobil (XOM), Cisco Systems (CSCO), Intel (INTC), 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 California Public Employees Retirement System (0.20%), Havens Advisors LLC (0.10%), Alpine Global Management LLC (0.07%), Nisa Investment Advisors LLC (0.07%), State of Alaska Department of Revenue (0.07%) and Arizona State Retirement System (0.06%). 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 Arizona State Retirement System, California Public Employees Retirement System, Alpha Windward LLC, Strs Ohio, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. 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 Havens Advisors LLC, Alpine Global Management LLC, Clear Street Markets LLC, SG Americas Securities LLC, Actinver Wealth Management Inc., Magnus Financial Group LLC, World Asset Management Inc and Advisors Preferred LLC. 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 $98.98.

Anixter International has a market capitalization of $3.35 billion and generates $8.40 billion in revenue each year. The technology company earns $156.30 million in net income (profit) each year or $5.83 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]