Zacks Research Issues Optimistic Forecast for Avnet Earnings

Avnet, Inc. (NASDAQ:AVT) – Stock analysts at Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for Avnet in a research report issued to clients and investors on Wednesday, August 19th. Zacks Research analyst Team now expects that the company will post earnings per share of $2.85 for the quarter, up from their previous forecast of $1.53. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Avnet’s current full-year earnings is $9.66 per share. Zacks Research also issued estimates for Avnet’s Q2 2027 earnings at $2.16 EPS, Q3 2027 earnings at $1.96 EPS, FY2027 earnings at $9.00 EPS, Q1 2028 earnings at $3.14 EPS, Q2 2028 earnings at $2.35 EPS, Q3 2028 earnings at $2.06 EPS, Q4 2028 earnings at $2.23 EPS and FY2028 earnings at $9.79 EPS.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, August 5th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.48. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.56 billion. Avnet had a return on equity of 9.57% and a net margin of 1.21%.Avnet’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS.

AVT has been the topic of several other reports. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $95.00 price objective on shares of Avnet in a report on Thursday, April 30th. Bank of America raised shares of Avnet from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $66.00 to $96.00 in a report on Wednesday, May 13th. Truist Financial boosted their target price on shares of Avnet from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Finally, Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $93.25.

Avnet Stock Performance

AVT opened at $86.89 on Friday. Avnet has a 12-month low of $44.25 and a 12-month high of $100.00. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $7.13 billion, a PE ratio of 21.78, a P/E/G ratio of 0.29 and a beta of 1.09. The firm has a 50 day moving average of $89.39 and a two-hundred day moving average of $78.19.

Avnet Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be given a dividend of $0.37 per share. This is a boost from Avnet’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 1.7%. The ex-dividend date is Wednesday, September 9th. Avnet’s dividend payout ratio (DPR) is 35.09%.

Insider Buying and Selling

In other Avnet news, CEO Philip R. Gallagher sold 51,900 shares of Avnet stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total value of $5,110,074.00. Following the completion of the transaction, the chief executive officer owned 168,923 shares of the company’s stock, valued at approximately $16,632,158.58. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Avnet

A number of institutional investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in Avnet by 3.0% during the first quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock worth $3,447,000 after purchasing an additional 2,101 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Avnet by 16.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock valued at $11,148,000 after acquiring an additional 31,919 shares during the period. United Services Automobile Association purchased a new stake in Avnet in the 1st quarter worth $267,000. Empowered Funds LLC raised its position in Avnet by 9.3% during the first quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock worth $392,000 after acquiring an additional 696 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Avnet by 4.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company’s stock valued at $17,012,000 after purchasing an additional 16,443 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Key Avnet News

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Zacks Research raised earnings estimates across 2027 and 2028 and reiterated a “Strong-Buy” rating. Estimates increased for every reported period, including Q1 2027 EPS to $2.85 from $1.53, FY2027 EPS to $9.00 from $6.65, and FY2028 EPS to $9.79 from $7.19. The revisions imply stronger expected profitability and provide a bullish catalyst for Avnet shares.
• Positive Sentiment: The firm also projected FY2029 EPS of $10.15, extending the longer-term earnings growth outlook. The current-year consensus remains $9.66 per share, while Avnet’s prior quarter significantly exceeded expectations with $2.28 EPS on $8.30 billion in revenue.
• Positive Sentiment: Avnet increased its quarterly dividend by 5.7% to $0.37 per share. Shareholders of record on September 9 will receive the dividend on September 23. The annualized payout is approximately $1.48 per share, representing a yield of about 1.7%. The increase signals confidence in cash generation and enhances the stock’s shareholder-return appeal. Avnet Increases Quarterly Dividend by 5.7%
• Positive Sentiment: Recent commentary has characterized Avnet as attractive on forward valuation despite appearing expensive based on prior-year results. A Zacks value-stock article also included AVT among stocks considered compelling amid geopolitical uncertainty. Avnet: Expensive On The Last Year, Cheap On The Next One
• Neutral Sentiment: The dividend’s September 9 ex-dividend date could create normal short-term trading volatility, but it does not change the company’s underlying earnings outlook.

Avnet Company Profile

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.