Shares of Systemax Inc. (NYSE:SYX) have received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price target of $34.00 for the company and are forecasting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also assigned Systemax an industry rank of 222 out of 256 based on the ratings given to related companies.
A number of research analysts have issued reports on the stock. Zacks Investment Research raised shares of Systemax from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. TheStreet cut shares of Systemax from a “b-” rating to a “c+” rating in a report on Friday, March 22nd.
Systemax (NYSE:SYX) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.05. The business had revenue of $232.20 million during the quarter, compared to analysts’ expectations of $231.65 million. Systemax had a net margin of 20.96% and a return on equity of 25.22%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, sell-side analysts forecast that Systemax will post 1.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.48 annualized dividend and a dividend yield of 2.23%. Systemax’s dividend payout ratio (DPR) is presently 38.71%.
In related news, Director Lawrence P. Reinhold sold 35,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $22.22, for a total transaction of $777,700.00. Following the completion of the transaction, the director now owns 215,011 shares of the company’s stock, valued at $4,777,544.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 68.00% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Ingalls & Snyder LLC grew its position in Systemax by 0.4% during the fourth quarter. Ingalls & Snyder LLC now owns 104,554 shares of the company’s stock valued at $2,498,000 after buying an additional 450 shares during the period. Legal & General Group Plc grew its position in Systemax by 26.5% during the fourth 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 during the period. Royce & Associates LP grew its position in Systemax by 0.3% during the first 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 during the period. Martingale Asset Management L P grew its position in Systemax by 1.9% during the fourth 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 during the period. Finally, Portolan Capital Management LLC grew its position in Systemax by 1.1% during the fourth 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 during the period. 28.39% of the stock is owned by hedge funds and other institutional investors.
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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