Systemax (NYSE:SYX) Posts Earnings Results, Meets Expectations

Systemax (NYSE:SYX) released its earnings results on Tuesday, February 27th. The company reported $0.34 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.34, Bloomberg Earnings reports. The firm had revenue of $330.60 million for the quarter. Systemax had a return on equity of 21.87% and a net margin of 3.19%.

Shares of Systemax (SYX) traded up $0.13 on Wednesday, reaching $29.36. The company’s stock had a trading volume of 69,873 shares, compared to its average volume of 103,377. Systemax has a 52-week low of $7.05 and a 52-week high of $34.91. The company has a market cap of $1,080.64, a P/E ratio of 22.42 and a beta of 0.22.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Friday, March 9th will be given a $0.11 dividend. This is an increase from Systemax’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, March 8th. This represents a $0.44 annualized dividend and a yield of 1.50%. Systemax’s payout ratio is presently 41.91%.

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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.

Earnings History for Systemax (NYSE:SYX)

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