Stock Market Watch

AVX Corporation – Earnings better than the estimates

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AVX Corporation (NYSE:AVX). Last Market Price: 14.02, Change: +1.19, % Change: (9.28%). Shares trade in the range of 13.10 – 14.27 dollars. It has a market capitalization of 2.38B dollars, making it a Mid Cap Stock and has 170.08M outstanding shares. The company has a beta of 0.91, indicating, the stock to be less volatile than the market. As per the most recent quarterly report, the net income per share (EPS) is 1.52; P/E of 9.22 indicating that the stock may be undervalued. It operates in Technology sector and belongs to Electronic Instr. and Controls industry. Percentage shares held by institutional investors is 25%. The company has a 52 week Price range (low – high) of $ 10.90 – 16.60. Average volumes of shares traded daily are 277,736. Volume traded in the last session was at 265,767, 0.96 times the average volume.

  • Company reported Q2 (Sep) EPS of $0.40 better than the estimates
  • Revenues rose 6.4% year/year to $430.6 million
  • The margins during the quarter continued to hold up well across a broad market and product cross section even with weakness in the Distribution channel. Revenues in the quarter were constrained by the inventory bubble created by the disruption in Japan and the seasonal slowdown during the summer months.

For Q2 (Jun ’11), It had a Net profit margin of 15.49%, an Operating margin of 21.44%. Other Key stats and ratios are : Return on average assets of 11.50%, Return on average equity of 13.09%. The organization has an employee strength of 11,200

Consensus Recommendation is a Hold.


Estimate for sales for the Quarter Ending Dec-11 show a mean of 384.75 million dollars, an estimate high of 386.00 million dollars and an estimate low of 383.50 million dollars. A year ago the figures stood at 412.30 million dollars.

Estimate for sales for the Quarter Ending Mar-12 show a mean of 376.90 million dollars, an estimate high of 379.80 million dollars and an estimate low of 374.00 million dollars. A year ago the figures stood at 400.80 million dollars.

Estimate for EPS for the Quarter Ending Dec-11 show a mean of 0.30 dollars, an estimate high of 0.32 dollars and an estimate low of 0.29 dollars. A year ago the figures stood at 0.31 dollars.

Estimate for EPS for the Quarter Ending Mar-12 show a mean of 0.28 dollars, an estimate high of 0.30 dollars and an estimate low of 0.27 dollars. A year ago the figures stood at 0.29 dollars.

Sales for Quarter Ending Jun-11 was estimated at 440.10 million dollars, however the actual sales figure stood at 436.42 million dollars, 3.68 million dollars less than estimates.

Sales for Quarter Ending Mar-11 was estimated at 403.95 million dollars, however the actual sales figure stood at 420.14 million dollars, 16.19 million dollars more than estimates.

edliston
Post Written By: Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.


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Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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