Somewhat Positive Press Coverage Somewhat Unlikely to Impact AVX Corporation (AVX) Share Price
News stories about AVX Corporation (NYSE:AVX) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AVX Corporation earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the electronics maker an impact score of 45.4335681370051 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
AVX Corporation (AVX) opened at 16.80 on Friday. The stock has a market cap of $2.83 billion, a price-to-earnings ratio of 22.11 and a beta of 0.81. AVX Corporation has a 52 week low of $13.08 and a 52 week high of $18.44. The company has a 50-day moving average price of $17.26 and a 200-day moving average price of $16.52.
AVX Corporation (NYSE:AVX) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $331.35 million during the quarter, compared to the consensus estimate of $328 million. AVX Corporation had a net margin of 9.46% and a return on equity of 5.69%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Equities research analysts anticipate that AVX Corporation will post $0.76 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 16th will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, August 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.62%. AVX Corporation’s payout ratio is currently 58.67%.
Several brokerages have recently commented on AVX. BidaskClub upgraded AVX Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus reiterated a “hold” rating and set a $17.00 price objective on shares of AVX Corporation in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded AVX Corporation from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Thursday, July 13th.
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About AVX Corporation
AVX Corporation (AVX) is a manufacturer and supplier and reseller of a line of passive electronic components, interconnect devices and related products. AVX operates in three segments: Passive Components, Kyocera Electronic Devices (KED Resale) and Interconnect. The Passive Components segment consists of surface mount and leaded ceramic capacitors, surface mount and leaded tantalum capacitors, surface mount and leaded film capacitors, thick and thin film packages of multiple passive integrated components, thermistors, inductors and resistive products.
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