Shares of Systemax Inc. (NYSE:SYX) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation. Systemax’s rating score has improved by 50% from three months ago as a result of a number of analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $34.00 for the company and are predicting that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also given Systemax an industry rank of 102 out of 256 based on the ratings given to its competitors.
A number of research analysts recently issued reports on the company. Zacks Investment Research raised Systemax from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a report on Saturday, November 3rd. William Blair raised Systemax from a “market perform” rating to an “outperform” rating in a report on Wednesday, October 31st. Finally, Sidoti dropped their price objective on Systemax from $42.00 to $34.00 and set a “buy” rating for the company in a report on Thursday, January 3rd.
Systemax stock opened at $24.19 on Friday. Systemax has a 12-month low of $22.36 and a 12-month high of $47.75. The stock has a market capitalization of $884.93 million, a P/E ratio of 18.61 and a beta of 0.08.
Systemax (NYSE:SYX) last released its quarterly earnings results on Tuesday, October 30th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. Systemax had a return on equity of 23.98% and a net margin of 19.10%. The business had revenue of $235.80 million during the quarter, compared to analysts’ expectations of $231.01 million. The firm’s quarterly revenue was up 15.4% compared to the same quarter last year. On average, research analysts predict that Systemax will post 1.22 EPS for the current fiscal year.
The company also recently disclosed a None dividend, which was paid on Thursday, January 3rd. Shareholders of record on Monday, December 24th were issued a dividend of $6.50 per share. The ex-dividend date of this dividend was Friday, December 21st. This represents a yield of 1.48%. Systemax’s dividend payout ratio is currently 33.85%.
In other Systemax news, insider Robert Dooley sold 29,652 shares of the business’s stock in a transaction dated Friday, December 14th. The stock was sold at an average price of $30.89, for a total transaction of $915,950.28. Following the completion of the sale, the insider now directly owns 111,380 shares of the company’s stock, valued at approximately $3,440,528.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Eugene Clark sold 15,000 shares of the business’s stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $31.02, for a total value of $465,300.00. Following the sale, the vice president now directly owns 33,534 shares of the company’s stock, valued at $1,040,224.68. The disclosure for this sale can be found here. Insiders own 68.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Macquarie Group Ltd. bought a new stake in shares of Systemax in the 2nd quarter valued at about $120,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Systemax in the 3rd quarter valued at about $265,000. Victory Capital Management Inc. bought a new stake in shares of Systemax in the 3rd quarter valued at about $293,000. Man Group plc bought a new stake in shares of Systemax in the 3rd quarter valued at about $293,000. Finally, MetLife Investment Advisors LLC increased its stake in shares of Systemax by 54.7% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,211 shares of the company’s stock valued at $303,000 after acquiring an additional 3,257 shares during the last quarter. 28.43% of the stock is owned by institutional investors.
Systemax Inc operates as a direct marketer of brand name and private label products. Its Industrial Products Group segment sells a range of maintenance, repair, and operation products, including storage and shelving, material handling, janitorial and maintenance, furniture and office, HVAC/R and fans, workbench and shop desks, safety and security, outdoor and grounds maintenance, tools and instruments, office and school supplies, plumbing and pumps, packaging and supplies, electrical and lighting, food service and appliances, raw materials and building supplies, motors and power transmission, pneumatics and hydraulics, medical and laboratory equipment, metalworking and cutting tools, vehicle maintenance, and fasteners and hardware in North America.
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