Systemax Inc. (NYSE:SYX) – Stock analysts at William Blair decreased their Q3 2019 earnings per share (EPS) estimates for shares of Systemax in a note issued to investors on Wednesday, May 1st, Zacks Investment Research reports. William Blair analyst R. Merkel now anticipates that the company will post earnings of $0.42 per share for the quarter, down from their prior forecast of $0.43.
Systemax (NYSE:SYX) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. Systemax had a return on equity of 25.22% and a net margin of 20.96%. The firm had revenue of $232.20 million during the quarter, compared to analyst estimates of $231.65 million. The business’s revenue for the quarter was up 9.4% on a year-over-year basis.
SYX stock traded up $0.21 on Monday, reaching $20.46. The company’s stock had a trading volume of 69,167 shares, compared to its average volume of 63,085. Systemax has a 12-month low of $19.82 and a 12-month high of $47.75. The firm has a market capitalization of $774.03 million, a price-to-earnings ratio of 16.50 and a beta of -0.05. The company has a quick ratio of 1.05, a current ratio of 1.72 and a debt-to-equity ratio of 0.36.
Several large investors have recently modified their holdings of SYX. Scout Investments Inc. bought a new position in shares of Systemax during the fourth quarter valued at $2,975,000. Prescott Investors Profit Sharing Trust bought a new stake in Systemax in the 4th quarter worth about $1,797,000. Alambic Investment Management L.P. bought a new stake in Systemax in the 4th quarter worth about $1,185,000. AQR Capital Management LLC increased its holdings in Systemax by 11.5% in the 1st quarter. AQR Capital Management LLC now owns 333,953 shares of the company’s stock worth $7,561,000 after buying an additional 34,459 shares in the last quarter. Finally, Martingale Asset Management L P increased its holdings in Systemax by 63.8% in the 1st quarter. Martingale Asset Management L P now owns 80,906 shares of the company’s stock worth $1,832,000 after buying an additional 31,502 shares in the last quarter. Hedge funds and other institutional investors own 28.78% of the company’s stock.
In other Systemax news, Director Lawrence P. Reinhold sold 35,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $22.22, for a total value of $777,700.00. Following the completion of the transaction, the director now owns 215,011 shares in the company, valued at $4,777,544.42. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 68.00% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were issued a $0.12 dividend. The ex-dividend date was Friday, May 10th. This represents a $0.48 dividend on an annualized basis and a yield of 2.35%. Systemax’s dividend payout ratio (DPR) is 38.71%.
Systemax Company Profile
Systemax Inc operates as a direct marketer of brand name and private label industrial and business equipment and supplies in North America. It sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance products, furniture and office products, workbenches and shop desks, HVAC/R and fans, safety and security products, outdoor and grounds maintenance products, tools and instruments, and office and school supplies.
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