Aviat Networks (AVNW) Set to Announce Earnings on Wednesday

Aviat Networks (NASDAQ:AVNW) will post its quarterly earnings results after the market closes on Wednesday, May 1st. Analysts expect Aviat Networks to post earnings of $0.59 per share for the quarter. Aviat Networks has set its FY 2024 guidance at EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Aviat Networks (NASDAQ:AVNW) last posted its quarterly earnings results on Tuesday, February 6th. The communications equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.02. The business had revenue of $95.04 million for the quarter, compared to analyst estimates of $91.85 million. Aviat Networks had a return on equity of 15.11% and a net margin of 4.23%. On average, analysts expect Aviat Networks to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Aviat Networks Stock Performance

AVNW stock opened at $33.96 on Monday. The company has a current ratio of 2.00, a quick ratio of 1.63 and a debt-to-equity ratio of 0.19. The firm has a market cap of $426.20 million, a P/E ratio of 26.74 and a beta of 1.73. Aviat Networks has a 12-month low of $21.15 and a 12-month high of $38.85. The stock’s 50 day simple moving average is $35.18 and its 200 day simple moving average is $32.22.

Analysts Set New Price Targets

AVNW has been the subject of a number of recent research reports. B. Riley lowered their price objective on Aviat Networks from $60.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. JMP Securities restated a “market outperform” rating and set a $50.00 price objective on shares of Aviat Networks in a research note on Monday, February 5th. Finally, StockNews.com upgraded Aviat Networks from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.75.

Aviat Networks Company Profile

Aviat Networks, Inc provides microwave networking and wireless access networking solutions in North America, Africa, the Middle East, Europe, Latin America, and the Asia Pacific. The company offers outdoor, indoor, and split-mount radios; microwave routers, switches, and trunking; and private LTE, virtual fiber, and element management products; and hosted software products, such as aviat design, frequency assurance software, and health assurance software.