Zacks: Systemax Inc. (NYSE:SYX) Receives Average Recommendation of “Strong Buy” from Analysts

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 research analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price objective of $34.00 for the company and are expecting that the company will post $0.41 EPS for the current quarter, according to Zacks. Zacks has also given Systemax an industry rank of 58 out of 256 based on the ratings given to its competitors.

SYX has been the subject of a number of analyst reports. TheStreet cut shares of Systemax from a “b-” rating to a “c+” rating in a research note on Friday, March 22nd. Zacks Investment Research raised shares of Systemax from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Friday, March 1st.

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 directly owns 215,011 shares of the company’s stock, valued at $4,777,544.42. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 67.20% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Legal & General Group Plc grew its stake 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 acquiring an additional 495 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Systemax by 651.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,706 shares of the company’s stock worth $61,000 after buying an additional 2,346 shares in the last quarter. Metropolitan Life Insurance Co. NY grew its stake in shares of Systemax by 374.4% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,127 shares of the company’s stock worth $99,000 after buying an additional 3,257 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in shares of Systemax in the 4th quarter worth $127,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Systemax in the 1st quarter worth $219,000. 28.78% of the stock is owned by institutional investors.

Shares of NYSE SYX traded down $0.18 during midday trading on Thursday, reaching $20.30. The stock had a trading volume of 127 shares, compared to its average volume of 58,976. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.72 and a quick ratio of 1.05. The stock has a market cap of $757.93 million, a PE ratio of 16.37 and a beta of 0.09. Systemax has a 12-month low of $19.60 and a 12-month high of $47.75.

Systemax (NYSE:SYX) last announced its quarterly earnings data 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 firm 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%. Systemax’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts expect that Systemax will post 1.39 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were paid a dividend of $0.12 per share. The ex-dividend date was Friday, May 10th. This represents a $0.48 annualized dividend and a yield of 2.36%. Systemax’s payout ratio is 38.71%.

About Systemax

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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