Aviat Networks (AVNW) to Release Earnings on Wednesday

Aviat Networks (NASDAQ:AVNW - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.59 per share for the quarter. Aviat Networks has set its FY 2024 guidance at EPS.

Aviat Networks (NASDAQ:AVNW - Get Free Report) last announced its earnings results on Tuesday, February 6th. The communications equipment provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.81 by $0.02. Aviat Networks had a return on equity of 15.11% and a net margin of 4.23%. The firm had revenue of $95.04 million during the quarter, compared to analysts' expectations of $91.85 million. 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

Shares of NASDAQ AVNW traded up $0.46 during midday trading on Thursday, reaching $33.24. 90,125 shares of the company were exchanged, compared to its average volume of 106,575. 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 stock has a fifty day simple moving average of $35.27 and a 200 day simple moving average of $32.13. Aviat Networks has a 1 year low of $21.15 and a 1 year high of $38.85. The stock has a market cap of $417.16 million, a P/E ratio of 26.02 and a beta of 1.73.

Analyst Ratings Changes

A number of research firms recently weighed in on AVNW. JMP Securities restated a "market outperform" rating and issued a $50.00 price target on shares of Aviat Networks in a report on Monday, February 5th. B. Riley decreased their price objective on shares of Aviat Networks from $60.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, February 7th. Finally, StockNews.com raised shares of Aviat Networks from a "sell" rating to a "hold" rating in a research report on Thursday, April 4th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.75.

About Aviat Networks

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.