Systemax Inc. (NYSE:SYX) has earned 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 equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 1-year consensus target price of $34.00 for the company and are predicting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also given Systemax an industry rank of 32 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised shares of Systemax from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st.

A number of hedge funds have recently made changes to their positions in the business. Susquehanna International Group LLP raised its stake in Systemax by 248.0% in the 2nd quarter. Susquehanna International Group LLP now owns 13,908 shares of the company’s stock worth $308,000 after purchasing an additional 23,308 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in Systemax in the 2nd quarter worth about $2,767,000. Jane Street Group LLC acquired a new stake in Systemax in the 2nd quarter worth about $504,000. Morgan Stanley raised its stake in Systemax by 674.1% in the 2nd quarter. Morgan Stanley now owns 39,983 shares of the company’s stock worth $886,000 after purchasing an additional 34,818 shares in the last quarter. Finally, Assetmark Inc. acquired a new stake in Systemax in the 2nd quarter worth about $36,000. 29.12% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SYX traded up $0.48 during mid-day trading on Wednesday, hitting $21.30. 404 shares of the company traded hands, compared to its average volume of 78,581. Systemax has a one year low of $18.49 and a one year high of $40.27. The company has a current ratio of 1.75, a quick ratio of 1.14 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average of $20.62 and a 200 day moving average of $21.75. The stock has a market capitalization of $775.21 million, a price-to-earnings ratio of 17.10 and a beta of 0.12.

Systemax (NYSE:SYX) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Systemax had a net margin of 23.14% and a return on equity of 25.61%. The business had revenue of $248.60 million for the quarter, compared to analysts’ expectations of $247.65 million. During the same period in the prior year, the firm earned $0.60 earnings per share. Systemax’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts anticipate that Systemax will post 1.39 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $0.48 dividend on an annualized basis and a yield of 2.25%. Systemax’s payout ratio is presently 38.71%.

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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