Somewhat Positive Media Coverage Somewhat Unlikely to Affect Systemax (SYX) Share Price
Press coverage about Systemax (NYSE:SYX) has trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Systemax earned a media sentiment score of 0.21 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.6485305179242 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
SYX has been the subject of a number of recent analyst reports. Sidoti reaffirmed a “buy” rating and set a $31.00 price target (up from $25.00) on shares of Systemax in a report on Thursday, August 10th. BidaskClub downgraded shares of Systemax from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, TheStreet upgraded shares of Systemax from a “c” rating to a “b-” rating in a research note on Monday, June 5th.
Shares of Systemax (NYSE:SYX) opened at 24.56 on Thursday. The company has a 50-day moving average of $21.36 and a 200 day moving average of $15.24. Systemax has a 12 month low of $7.05 and a 12 month high of $26.27. The company’s market capitalization is $909.16 million.
Systemax (NYSE:SYX) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.16. The company had revenue of $313 million for the quarter. Systemax had a positive return on equity of 12.27% and a negative net margin of 0.87%. Analysts forecast that Systemax will post $1.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were issued a $0.10 dividend. The ex-dividend date was Thursday, August 10th. This represents a $0.40 dividend on an annualized basis and a yield of 1.63%. Systemax’s payout ratio is currently -114.29%.
In related news, VP Manoj Shetty sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $23.30, for a total transaction of $116,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Thomas Axmacher sold 10,314 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $24.45, for a total value of $252,177.30. Following the sale, the vice president now owns 5,125 shares of the company’s stock, valued at approximately $125,306.25. The disclosure for this sale can be found here. Insiders own 69.60% of the company’s stock.
Systemax Company Profile
Systemax Inc is a direct marketer of brand name and private label products. The Company’s segments are Industrial Products Group (IPG), EMEA Technology Products Group (EMEA), and Corporate and Other (Corporate). The IPG segment sells an array of maintenance, repair and operational (MRO) products, which are marketed in North America.
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