Somewhat Positive Press Coverage Somewhat Unlikely to Impact AVX Corporation (AVX) Stock Price
News articles about AVX Corporation (NYSE:AVX) have trended somewhat positive recently, according to Accern Sentiment. 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 -1 to 1, with scores nearest to one being the most favorable. AVX Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media headlines about the electronics maker an impact score of 45.6206314437759 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Del. Jury Finds AVX Infringed Greatbatch Device Patent (law360.com)
- See what the IHS Markit Score report has to say about AVX Corp. (finance.yahoo.com)
- Microchip Technology Incorporated (MCHP) Shares Sold by Gagnon Securities LLC (topactu.net)
- Global Ceramic Feedthrough Capacitor Market 2017 – AVX Corporation, Morgan Advanced Materials, Murata Manufacturing (mynewsdesk.com)
- Report explores the automotive connectors market to reach $7.23 billion by 2022 growing at a CAGR of 8.3% (whatech.com)
AVX Corporation (NYSE:AVX) traded down 0.46% during midday trading on Friday, hitting $17.15. 176,352 shares of the stock traded hands. AVX Corporation has a 12-month low of $13.08 and a 12-month high of $18.44. The firm has a market cap of $2.89 billion, a P/E ratio of 22.57 and a beta of 0.81. The company’s 50-day moving average is $17.17 and its 200 day moving average is $16.50.
AVX Corporation (NYSE:AVX) last issued its earnings results on Wednesday, July 26th. The electronics maker reported $0.19 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $331.35 million for the quarter, compared to analysts’ expectations of $328 million. AVX Corporation had a net margin of 9.46% and a return on equity of 5.69%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 earnings per share. On average, analysts anticipate that AVX Corporation will post $0.76 EPS for the current fiscal 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 issued a $0.11 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.44 annualized dividend and a yield of 2.57%. AVX Corporation’s dividend payout ratio (DPR) is 58.67%.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of AVX Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Stifel Nicolaus restated a “hold” rating and issued a $17.00 price target on shares of AVX Corporation in a report on Friday, July 28th. Finally, Zacks Investment Research upgraded shares of AVX Corporation from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Thursday, July 13th.
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AVX Corporation Company Profile
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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