AVX Co. (NYSE:AVX) has been assigned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating. AVX’s rating score has declined by 50% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 1 year consensus target price of $15.00 for the company and are expecting that the company will post $0.24 EPS for the current quarter, according to Zacks. Zacks has also assigned AVX an industry rank of 221 out of 256 based on the ratings given to its competitors.
A number of brokerages have recently issued reports on AVX. Zacks Investment Research downgraded shares of AVX from a “hold” rating to a “sell” rating in a report on Monday, July 15th. ValuEngine downgraded shares of AVX from a “hold” rating to a “sell” rating in a report on Saturday.
Shares of AVX traded down $0.11 during trading hours on Tuesday, reaching $14.51. The company had a trading volume of 209,168 shares, compared to its average volume of 324,634. The firm has a 50 day moving average of $15.89. The stock has a market capitalization of $2.47 billion, a P/E ratio of 9.01 and a beta of 1.16. AVX has a 12-month low of $14.18 and a 12-month high of $21.29.
AVX (NYSE:AVX) last announced its quarterly earnings results on Friday, July 26th. The electronics maker reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.02. The business had revenue of $402.00 million during the quarter, compared to the consensus estimate of $418.90 million. AVX had a net margin of 15.55% and a return on equity of 11.45%. The business’s revenue was down 11.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 EPS. As a group, analysts anticipate that AVX will post 1.01 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be issued a dividend of $0.115 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.46 annualized dividend and a yield of 3.17%. AVX’s dividend payout ratio (DPR) is currently 28.57%.
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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