Shares of AVX Co. (NYSE:AVX) have earned an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating. AVX’s rating score has declined by 50% from three months ago as a result of various analysts’ ratings changes.
Analysts have set a 1 year consensus price objective of $18.00 for the company and are expecting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given AVX an industry rank of 68 out of 256 based on the ratings given to its competitors.
A number of equities research analysts recently weighed in on AVX shares. Zacks Investment Research upgraded Focus Financial Partners from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Monday, June 24th. ValuEngine cut Zebra Technologies from a “buy” rating to a “hold” rating in a report on Friday.
Hedge funds have recently bought and sold shares of the stock. Denali Advisors LLC lifted its stake in AVX by 6,533.3% in the 1st quarter. Denali Advisors LLC now owns 14,925 shares of the electronics maker’s stock valued at $259,000 after buying an additional 14,700 shares in the last quarter. Gotham Asset Management LLC lifted its stake in AVX by 77.6% in the 4th quarter. Gotham Asset Management LLC now owns 139,014 shares of the electronics maker’s stock valued at $2,120,000 after buying an additional 60,724 shares in the last quarter. Geode Capital Management LLC lifted its stake in AVX by 5.5% in the 4th quarter. Geode Capital Management LLC now owns 528,377 shares of the electronics maker’s stock valued at $8,057,000 after buying an additional 27,328 shares in the last quarter. Advisor Group Inc. lifted its stake in 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 buying an additional 1,313 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in AVX by 26.5% in the 4th quarter. Los Angeles Capital Management & Equity Research Inc. now owns 42,404 shares of the electronics maker’s stock valued at $647,000 after buying an additional 8,870 shares in the last quarter. 25.13% of the stock is currently owned by hedge funds and other institutional investors.
Shares of AVX traded up $0.16 on Friday, reaching $15.90. The stock had a trading volume of 300 shares, compared to its average volume of 207,618. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 9.86 and a beta of 1.15. The company’s 50-day moving average is $15.90. AVX has a twelve month low of $14.21 and a twelve month high of $21.48.
AVX (NYSE:AVX) last released its quarterly earnings results on Monday, April 22nd. The electronics maker reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $449.00 million. AVX had a return on equity of 11.74% and a net margin of 15.17%. The company’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS. As a group, equities research analysts anticipate that AVX will post 1.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date was Thursday, June 13th. AVX’s payout ratio 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.
Read More: Return on Investment (ROI)
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.