Avnet (AVT) Expected to Post Earnings on Wednesday

Avnet (NASDAQ:AVT) is projected to issue its Q1 2027 results before the market opens on Wednesday, November 4th. Analysts expect the company to post earnings of $2.88 per share and revenue of $9.19 billion for the quarter. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Individuals can check the company’s upcoming Q1 2027 earnings results page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 11:00 AM ET.

Avnet (NASDAQ:AVT) last announced its earnings results on Wednesday, August 5th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.48. The firm had revenue of $8.30 billion during the quarter, compared to the consensus estimate of $7.56 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. On average, analysts expect Avnet to post $10.45 EPS for the current fiscal year and $11.22 EPS for the next fiscal year.

Avnet Trading Up 3.7%

Shares of AVT opened at $92.95 on Wednesday. Avnet has a 12 month low of $44.25 and a 12 month high of $108.63. The stock has a fifty day moving average price of $94.68 and a 200-day moving average price of $80.12. The firm has a market cap of $7.64 billion, a PE ratio of 23.30 and a beta of 1.06.

Avnet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 9th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, September 9th. This is a positive change from Avnet’s previous quarterly dividend of $0.35. Avnet’s dividend payout ratio is 37.09%.

Insider Buying and Selling

In other news, CEO Philip Gallagher sold 51,900 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total value of $5,110,074.00. Following the transaction, the chief executive officer owned 168,923 shares in the company, valued at approximately $16,632,158.58. This represents a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Michael Ryan Mccoy sold 32,052 shares of Avnet stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total transaction of $2,919,937.20. Following the sale, the senior vice president owned 76,674 shares in the company, valued at $6,985,001.40. This represents a 29.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AVT. Truist Financial upped their target price on Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Weiss Ratings upgraded Avnet from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, October 9th. Wall Street Zen raised shares of Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 17th. Wells Fargo & Company boosted their price target on shares of Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Finally, Zacks Research lowered shares of Avnet from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.

About Avnet

Avnet, Inc is a global technology distributor that helps manufacturers and design engineers source electronic components and develop products. The company supplies semiconductors, embedded processors, memory, connectivity products, sensors, power-management components and other electronic parts used in industrial, automotive, communications, computing, aerospace and defense applications.

In addition to component distribution, Avnet provides engineering and design services, supply-chain management, product customization, logistics, and technical support.