Somewhat Positive Press Coverage Somewhat Unlikely to Impact AVX (NYSE:AVX) Share Price

Media stories about AVX (NYSE:AVX) have been trending somewhat positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AVX earned a news impact score of 0.15 on Accern’s scale. Accern also assigned headlines about the electronics maker an impact score of 46.9551930360856 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have effected Accern’s scoring:

AVX (NYSE:AVX) traded down $0.23 during mid-day trading on Wednesday, hitting $17.63. The company’s stock had a trading volume of 127,343 shares, compared to its average volume of 191,131. AVX has a 1 year low of $15.54 and a 1 year high of $20.22. The stock has a market cap of $3,023.81, a P/E ratio of 352.67 and a beta of 0.83.

AVX (NYSE:AVX) last posted its earnings results on Thursday, January 25th. The electronics maker reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The firm had revenue of $431.80 million for the quarter, compared to the consensus estimate of $421.60 million. AVX had a return on equity of 6.12% and a net margin of 0.48%. The business’s revenue for the quarter was up 26.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.21 EPS. research analysts predict that AVX will post 0.8 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, March 5th. Investors of record on Friday, February 23rd were paid a $0.115 dividend. The ex-dividend date was Thursday, February 22nd. This represents a $0.46 annualized dividend and a dividend yield of 2.61%. AVX’s payout ratio is currently 920.18%.

AVX has been the subject of a number of recent research reports. Zacks Investment Research raised AVX from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Tuesday. ValuEngine upgraded AVX from a “hold” rating to a “buy” rating in a report on Sunday, December 31st.

In related news, insider Zahir Dhanani purchased 300,000 shares of the business’s stock in a transaction that occurred on Thursday, January 18th. The shares were bought at an average price of $0.09 per share, for a total transaction of $27,000.00. Insiders purchased a total of 633,000 shares of company stock worth $70,030 in the last 90 days. 0.50% of the stock is currently owned by company insiders.

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AVX 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.

Insider Buying and Selling by Quarter for AVX (NYSE:AVX)

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