Aviat Networks (AVNW) to Release Quarterly Earnings on Wednesday

Aviat Networks (NASDAQ:AVNW) 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.Parties interested in registering for the company’s 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, topping the consensus estimate of $0.81 by $0.02. The firm had revenue of $95.04 million for the quarter, compared to analyst estimates of $91.85 million. Aviat Networks had a net margin of 4.23% and a return on equity of 15.11%. 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 AVNW traded down $0.72 during trading hours on Tuesday, hitting $33.65. The company had a trading volume of 12,149 shares, compared to its average volume of 104,175. The firm has a market cap of $422.31 million, a price-to-earnings ratio of 27.06 and a beta of 1.73. The business has a fifty day moving average of $35.16 and a 200-day moving average of $32.27. Aviat Networks has a 12 month low of $21.15 and a 12 month high of $38.85. The company has a quick ratio of 1.63, a current ratio of 2.00 and a debt-to-equity ratio of 0.19.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on AVNW shares. JMP Securities reissued a “market outperform” rating and issued a $50.00 price objective on shares of Aviat Networks in a research report on Monday, February 5th. B. Riley dropped their price objective on shares of Aviat Networks from $60.00 to $59.00 and set a “buy” rating on the stock in a research report 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.