Zacks Research Weighs in on Avnet’s Q1 Earnings (NASDAQ:AVT)

Avnet, Inc. (NASDAQ:AVT) – Research analysts at Zacks Research raised their Q1 2027 EPS estimates for Avnet in a report released on Wednesday, November 12th. Zacks Research analyst Team now expects that the company will post earnings per share of $1.43 for the quarter, up from their previous forecast of $1.42. 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 Q2 2027 earnings at $1.66 EPS and Q1 2028 earnings at $1.80 EPS.

A number of other research firms have also recently weighed in on AVT. Bank of America raised their price target on Avnet from $48.00 to $50.00 and gave the company an “underperform” rating in a research note on Monday, August 11th. Truist Financial raised their target price on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $49.33.

Avnet Stock Down 0.7%

Shares of AVT stock traded down $0.31 on Friday, reaching $46.44. 304,119 shares of the stock were exchanged, compared to its average volume of 851,689. The company has a current ratio of 2.36, a quick ratio of 1.16 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average price is $51.16 and its 200 day moving average price is $52.08. The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 0.36 and a beta of 1.05. Avnet has a twelve month low of $39.22 and a twelve month high of $57.24.

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

Institutional Trading of Avnet

Institutional investors and hedge funds have recently bought and sold shares of the business. Xponance Inc. grew its position in Avnet by 19.7% during the 1st quarter. Xponance Inc. now owns 16,303 shares of the company’s stock worth $784,000 after purchasing an additional 2,682 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Avnet by 81.6% during the first quarter. Signaturefd LLC now owns 3,243 shares of the company’s stock worth $156,000 after buying an additional 1,457 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new position in Avnet in the 1st quarter valued at about $1,190,000. Victory Capital Management Inc. raised its stake in Avnet by 19.9% during the 1st quarter. Victory Capital Management Inc. now owns 289,897 shares of the company’s stock valued at $13,941,000 after acquiring an additional 48,047 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in Avnet by 24.9% during the 1st quarter. Verdence Capital Advisors LLC now owns 10,572 shares of the company’s stock valued at $508,000 after acquiring an additional 2,107 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 17th were given a $0.35 dividend. This is a boost from Avnet’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Wednesday, September 17th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.0%. Avnet’s payout ratio is currently 52.24%.

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.