Zacks Research Issues Pessimistic Outlook for Avnet Earnings

Avnet, Inc. (NASDAQ:AVT) – Equities research analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for Avnet in a report issued on Tuesday, October 21st. Zacks Research analyst Team now forecasts that the company will post earnings of $1.01 per share for the quarter, down from their prior forecast of $1.05. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Avnet’s current full-year earnings is $3.41 per share. Zacks Research also issued estimates for Avnet’s Q3 2026 earnings at $1.32 EPS, Q4 2026 earnings at $1.40 EPS, FY2026 earnings at $4.53 EPS, Q1 2027 earnings at $1.42 EPS, Q2 2027 earnings at $1.60 EPS, Q3 2027 earnings at $1.61 EPS, FY2027 earnings at $6.50 EPS, Q1 2028 earnings at $1.75 EPS and FY2028 earnings at $7.50 EPS.

AVT has been the subject of several other reports. Bank of America boosted their price target on Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 11th. Truist Financial boosted their price target on Avnet from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Avnet in a research report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $49.00.

Avnet Stock Down 1.7%

Shares of AVT opened at $52.15 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 2.43. Avnet has a one year low of $39.22 and a one year high of $59.24. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.39 and a beta of 1.06. The stock has a 50 day moving average price of $52.98 and a 200 day moving average price of $51.83.

Avnet (NASDAQ:AVT) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The business had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $5.36 billion. Avnet had a return on equity of 6.07% and a net margin of 1.08%.The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share.

Hedge Funds Weigh In On Avnet

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Legacy Advisors LLC acquired a new position in Avnet during the first quarter worth $26,000. MassMutual Private Wealth & Trust FSB boosted its stake in Avnet by 109.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 528 shares of the company’s stock worth $28,000 after buying an additional 276 shares during the last quarter. TD Private Client Wealth LLC lifted its stake in shares of Avnet by 43.0% in the 1st quarter. TD Private Client Wealth LLC now owns 818 shares of the company’s stock valued at $39,000 after purchasing an additional 246 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Avnet in the 1st quarter valued at $49,000. Finally, SJS Investment Consulting Inc. lifted its stake in shares of Avnet by 7,176.9% in the 3rd quarter. SJS Investment Consulting Inc. now owns 946 shares of the company’s stock valued at $49,000 after purchasing an additional 933 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

Avnet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Wednesday, September 17th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.7%. This is an increase from Avnet’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, September 17th. Avnet’s dividend payout ratio is presently 51.28%.

Avnet Company Profile

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.