Brokerages predict that Anixter International Inc. (NYSE:AXE) will announce sales of $2.03 billion for the current quarter, Zacks reports. Two analysts have issued estimates for Anixter International’s earnings, with the highest sales estimate coming in at $2.05 billion and the lowest estimate coming in at $2.00 billion. Anixter International posted sales of $1.96 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.6%. The business is expected to report its next quarterly earnings results on Thursday, April 25th.

On average, analysts expect that Anixter International will report full year sales of $8.68 billion for the current fiscal year, with estimates ranging from $8.63 billion to $8.73 billion. For the next fiscal year, analysts forecast that the firm will report sales of $9.00 billion, with estimates ranging from $8.92 billion to $9.09 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Anixter International.

Anixter International (NYSE:AXE) last posted its quarterly earnings data on Tuesday, January 29th. The technology company reported $1.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.08. The firm had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $2.11 billion. Anixter International had a return on equity of 12.96% and a net margin of 1.86%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.41 EPS.

Several research firms have issued reports on AXE. Zacks Investment Research downgraded Anixter International from a “hold” rating to a “sell” rating in a report on Wednesday, November 21st. TheStreet upgraded Anixter International from a “c+” rating to a “b-” rating in a report on Wednesday, February 6th. ValuEngine downgraded Anixter International from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 30th. Finally, Wells Fargo & Co cut their price objective on Anixter International from $70.00 to $60.00 and set a “market perform” rating on the stock in a report on Friday, December 21st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $70.50.

In other Anixter International news, Director Robert J. Eck sold 32,264 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $61.55, for a total transaction of $1,985,849.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 13.60% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in AXE. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Anixter International during the 4th quarter valued at about $27,000. Quantamental Technologies LLC purchased a new position in Anixter International during the 4th quarter valued at about $43,000. Acadian Asset Management LLC grew its stake in Anixter International by 71.7% during the 4th quarter. Acadian Asset Management LLC now owns 2,421 shares of the technology company’s stock valued at $131,000 after acquiring an additional 1,011 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Anixter International by 5.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,582 shares of the technology company’s stock valued at $195,000 after acquiring an additional 192 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new position in Anixter International during the 3rd quarter valued at about $215,000. 85.59% of the stock is currently owned by institutional investors.

NYSE AXE opened at $56.39 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.06 and a current ratio of 1.95. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 1.17 and a beta of 1.87. Anixter International has a 1 year low of $50.05 and a 1 year high of $80.50.

About Anixter International

Anixter International, Inc engages in the distribution of solutions for network and security, electrical and electronic, and utility power. It operates through following segments: Network and Security Solutions (NSS), Electrical and Electronic Solutions (EES), and Utility Power Solutions (UPS). The NSS segment focuses on the supply of products and customized supply chain solutions to customers in a range of industries including technology, finance, telecommunications service providers, transportation, education, government, healthcare, and retail.

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