Zacks Research Comments on Avnet’s Q2 Earnings (NASDAQ:AVT)

Avnet, Inc. (NASDAQ:AVT) – Stock analysts at Zacks Research reduced their Q2 2026 earnings per share (EPS) estimates for Avnet in a research report issued on Wednesday, November 12th. Zacks Research analyst Team now forecasts that the company will earn $0.95 per share for the quarter, down from their previous forecast of $1.01. Zacks Research 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 $1.20 EPS, Q4 2026 earnings at $1.30 EPS, FY2026 earnings at $4.29 EPS, Q3 2027 earnings at $1.55 EPS, Q4 2027 earnings at $1.82 EPS, FY2027 earnings at $6.46 EPS and FY2028 earnings at $7.41 EPS.

Avnet (NASDAQ:AVT) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.03. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.73 billion. Avnet had a net margin of 1.04% and a return on equity of 5.91%. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 earnings per share. Avnet has set its Q2 2026 guidance at 0.900-1.000 EPS.

A number of other equities analysts have also commented on the company. Truist Financial lifted their price objective on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research note on Thursday, October 30th. Bank of America increased their price objective on shares of Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $49.33.

Avnet Trading Up 0.3%

NASDAQ AVT traded up $0.17 on Thursday, reaching $47.35. The company had a trading volume of 138,654 shares, compared to its average volume of 850,630. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 17.68, a P/E/G ratio of 0.36 and a beta of 1.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.36 and a quick ratio of 1.16. Avnet has a fifty-two week low of $39.22 and a fifty-two week high of $57.24. The business has a 50 day moving average of $51.30 and a two-hundred day moving average of $52.12.

Avnet Increases Dividend

The business also recently declared 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 is an increase from Avnet’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, September 17th. This represents a $1.40 dividend on an annualized basis and a yield of 3.0%. Avnet’s dividend payout ratio (DPR) is presently 52.24%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. lifted its stake in Avnet by 132.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock valued at $27,000 after acquiring an additional 300 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Avnet by 109.5% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 528 shares of the company’s stock valued at $28,000 after purchasing an additional 276 shares in the last quarter. MAI Capital Management boosted its holdings in Avnet by 53.7% during the third quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $35,000 after purchasing an additional 235 shares during the last quarter. Quent Capital LLC bought a new stake in Avnet in the 3rd quarter worth about $38,000. Finally, Winnow Wealth LLC bought a new position in shares of Avnet during the 3rd quarter worth approximately $39,000. Hedge funds and other institutional investors own 95.78% of the company’s stock.

About Avnet

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.