Systemax Inc. (NYSE:SYX) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a 12-month consensus target price of $34.00 for the company and are anticipating that the company will post $0.41 earnings per share for the current quarter, according to Zacks. Zacks has also given Systemax an industry rank of 28 out of 256 based on the ratings given to its competitors.
Several analysts have commented on the stock. Zacks Investment Research upgraded shares of Systemax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. TheStreet cut shares of Systemax from a “b-” rating to a “c+” rating in a research note on Friday, March 22nd.
Systemax (NYSE:SYX) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.05. The firm had revenue of $232.20 million during the quarter, compared to the consensus estimate of $231.65 million. Systemax had a net margin of 20.96% and a return on equity of 25.22%. The business’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts forecast that Systemax will post 1.39 EPS for the current year.
In other Systemax news, Director Lawrence P. Reinhold sold 35,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $22.22, for a total value of $777,700.00. Following the sale, the director now owns 215,011 shares in the company, valued at approximately $4,777,544.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 67.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legal & General Group Plc raised its position in shares of Systemax by 26.5% during the 4th quarter. Legal & General Group Plc now owns 2,366 shares of the company’s stock valued at $57,000 after buying an additional 495 shares in the last quarter. Royce & Associates LP raised its position in shares of Systemax by 0.3% during the 1st quarter. Royce & Associates LP now owns 189,824 shares of the company’s stock valued at $4,298,000 after buying an additional 509 shares in the last quarter. Martingale Asset Management L P raised its position in shares of Systemax by 1.9% during the 4th quarter. Martingale Asset Management L P now owns 49,404 shares of the company’s stock valued at $1,181,000 after buying an additional 900 shares in the last quarter. Portolan Capital Management LLC raised its position in shares of Systemax by 1.1% during the 4th quarter. Portolan Capital Management LLC now owns 88,182 shares of the company’s stock valued at $2,107,000 after buying an additional 941 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its position in shares of Systemax by 651.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,706 shares of the company’s stock valued at $61,000 after buying an additional 2,346 shares in the last quarter. Hedge funds and other institutional investors own 28.72% of the company’s stock.
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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