Zacks: AVX Co. (NYSE:AVX) Given Consensus Rating of “Hold” by Analysts
AVX Co. (NYSE:AVX) has been assigned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Analysts have set a twelve-month consensus price target of $19.50 for the company and are expecting that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given AVX an industry rank of 218 out of 255 based on the ratings given to related companies.
A number of brokerages have weighed in on AVX. Zacks Investment Research cut shares of AVX from a “hold” rating to a “sell” rating in a research report on Wednesday, October 30th. ValuEngine upgraded shares of AVX from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Stifel Nicolaus upped their price objective on shares of AVX from $15.00 to $19.50 and gave the stock a “hold” rating in a report on Wednesday, November 27th.
Shares of AVX stock opened at $20.41 on Friday. The firm has a market cap of $3.44 billion, a PE ratio of 12.68 and a beta of 1.31. AVX has a 52 week low of $13.03 and a 52 week high of $20.78. The business’s fifty day simple moving average is $16.42 and its 200-day simple moving average is $15.57.
AVX (NYSE:AVX) last issued its quarterly earnings data on Monday, October 28th. The electronics maker reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.04). AVX had a net margin of 13.97% and a return on equity of 9.69%. The company had revenue of $377.29 million during the quarter, compared to analysts’ expectations of $384.90 million. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s quarterly revenue was down 17.3% on a year-over-year basis. On average, research analysts expect that AVX will post 0.91 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Thursday, November 7th. AVX’s dividend payout ratio (DPR) is 28.57%.
AVX Company Profile
AVX Corporation, together with its subsidiaries, manufactures, supplies, and resells various electronic components, interconnect devices, sensing and control devices, and related products worldwide. The company operates through three segments: Electronic Components; Interconnect, Sensing and Control Devices; and Kyocera Electronic Devices Resale.
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