Brokerages Anticipate AVX Co. (NYSE:AVX) to Announce $0.33 Earnings Per Share

AVX Co. (NYSE:AVX) has received a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12-month consensus price target of $18.00 for the company and are anticipating that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also assigned AVX an industry rank of 98 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research downgraded AVX from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 26th.

In other AVX news, SVP Evan M. Slavitt sold 8,000 shares of AVX stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $16.14, for a total transaction of $129,120.00. Following the sale, the senior vice president now directly owns 28,872 shares in the company, valued at approximately $465,994.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.46% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Investors Research Corp bought a new stake in shares of AVX in the 1st quarter valued at approximately $29,000. PNC Financial Services Group Inc. increased its holdings in shares of AVX by 1,007.7% in 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 during the last quarter. Advisor Group Inc. increased its holdings in shares of AVX by 117.8% in 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 during the last quarter. Quantamental Technologies LLC bought a new stake in shares of AVX in the 1st quarter valued at approximately $49,000. Finally, Meeder Asset Management Inc. bought a new stake in shares of AVX in the 1st quarter valued at approximately $107,000. Institutional investors own 25.13% of the company’s stock.

AVX stock opened at $15.76 on Thursday. AVX has a 52-week low of $14.21 and a 52-week high of $21.48. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 9.79 and a beta of 1.10.

AVX (NYSE:AVX) last posted its quarterly earnings data on Monday, April 22nd. The electronics maker reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. AVX had a return on equity of 11.74% and a net margin of 15.17%. The company had revenue of $439.00 million for the quarter, compared to the consensus estimate of $449.00 million. During the same period in the previous year, the business earned $0.19 EPS. AVX’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, equities analysts anticipate that AVX will post 1.31 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.115 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.46 annualized dividend and a yield of 2.92%. AVX’s dividend payout ratio is presently 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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