AVX Co. (NYSE:AVX) has been assigned an average broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Analysts have set a 1-year consensus price objective of $18.00 for the company and are forecasting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also assigned AVX an industry rank of 102 out of 256 based on the ratings given to its competitors.
Separately, Zacks Investment Research lowered shares of AVX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 26th.
AVX (NYSE:AVX) last announced its quarterly earnings results on Monday, April 22nd. The electronics maker reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $439.00 million during the quarter, compared to the consensus estimate of $449.00 million. AVX had a return on equity of 11.74% and a net margin of 15.17%. The firm’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. As a group, equities research analysts predict that AVX will post 1.31 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of 2.81%. The ex-dividend date was Thursday, June 13th. AVX’s dividend payout ratio is currently 28.57%.
In other AVX news, SVP Evan M. Slavitt sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $16.14, for a total value of $129,120.00. Following the transaction, the senior vice president now directly owns 28,872 shares of the company’s stock, valued at approximately $465,994.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.40% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its stake in AVX by 24.0% during the 1st quarter. First Trust Advisors LP now owns 250,119 shares of the electronics maker’s stock valued at $4,337,000 after purchasing an additional 48,462 shares in the last quarter. Marshall Wace North America L.P. lifted its holdings in AVX by 142.3% during the first quarter. Marshall Wace North America L.P. now owns 45,219 shares of the electronics maker’s stock valued at $785,000 after purchasing an additional 26,559 shares during the last quarter. Jennison Associates LLC lifted its holdings in AVX by 14.7% during the first quarter. Jennison Associates LLC now owns 85,277 shares of the electronics maker’s stock valued at $1,479,000 after purchasing an additional 10,929 shares during the last quarter. Value Holdings Management CO. LLC purchased a new stake in AVX during the first quarter valued at about $173,000. Finally, Campbell & CO Investment Adviser LLC lifted its holdings in AVX by 86.9% during the first quarter. Campbell & CO Investment Adviser LLC now owns 35,672 shares of the electronics maker’s stock valued at $619,000 after purchasing an additional 16,584 shares during the last quarter. 25.13% of the stock is currently owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for AVX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AVX and related companies with MarketBeat.com's FREE daily email newsletter.