Systemax Inc. (NYSE:SYX) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, SYX is expected to report 3Q20 income of $ 0.40 per share from revenue of $ 259.75 million.
For the full year, analysts anticipate top line of $ 966.52 million, while looking forward to income of $ 1.35 per share bottom line.
Previous Quarter Performance
Systemax Inc. announced income for the second quarter of $ 0.40 per share, from the revenue of $ 242.10 million. The quarterly earnings 6.98 percent while revenues decreased 2.61 percent compared with the same quarter last year.
Wall street analysts are predicting, SYX to report 2Q20 income of $ 0.20 per share from revenue of $ 208.20 million. The bottom line results beat street analysts by $ 0.2 or 100.00 percent, at the same time, top line results outshined analysts by $ 33.90 million or 16.28 percent.
Stock Performance
Shares of Systemax Inc. traded up $ 0.42 or 1.76 percent on Friday, reaching $ 24.22 with volume of 24.90 thousand shares. Systemax Inc. has traded high as $ 24.34 and has cracked $ 23.82 on the downward trend
According to the previous trading day, closing price of $ 24.22, representing a 70.00 % increase from the 52 week low of $ 14.00 and a 10.43 % decrease over the 52 week high of $ 26.57.
The company has a market capital of $ 907.89 million and is part of the Consumer Cyclical sector and Specialty Retail industry.
Recent Stock Dividend Announcement
On July 28, 2020, the board of directors authorized quarterly dividend of $ 0.14 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 17, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Systemax Inc. will be hosting a conference call at 5:00 PM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.systemax.com
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.
