Zacks: AVX Co. (NYSE:AVX) Given Average Recommendation of “Hold” by Analysts

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.

Large investors have recently bought and sold shares of the business. Investors Research Corp purchased a new position in AVX during the 1st quarter valued at about $29,000. PNC Financial Services Group Inc. increased its holdings in AVX by 1,007.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,717 shares of the electronics maker’s stock valued at $30,000 after acquiring an additional 1,562 shares in the last quarter. Advisor Group Inc. increased its holdings in AVX by 117.8% during the 4th quarter. Advisor Group Inc. now owns 2,428 shares of the electronics maker’s stock valued at $37,000 after acquiring an additional 1,313 shares in the last quarter. Quantamental Technologies LLC purchased a new position in AVX during the 1st quarter valued at about $49,000. Finally, Meeder Asset Management Inc. acquired a new stake in shares of AVX during the 1st quarter worth about $107,000. Hedge funds and other institutional investors own 25.06% of the company’s stock.

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%.

About AVX

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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