Zacks Research Issues Pessimistic Outlook for Avnet Earnings

Avnet, Inc. (NASDAQ:AVT) – Equities researchers at Zacks Research reduced their Q3 2026 EPS estimates for shares of Avnet in a research note issued on Tuesday, July 1st. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.44 per share for the quarter, down from their previous forecast of $1.45. The consensus estimate for Avnet’s current full-year earnings is $3.41 per share.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. Avnet had a net margin of 1.43% and a return on equity of 6.96%. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the firm earned $1.10 EPS. Avnet’s revenue for the quarter was down 6.0% on a year-over-year basis.

Other analysts also recently issued research reports about the stock. Truist Financial reduced their price target on shares of Avnet from $52.00 to $50.00 and set a “hold” rating for the company in a research report on Thursday, May 1st. Wells Fargo & Company reduced their price target on shares of Avnet from $45.00 to $43.00 and set an “underweight” rating for the company in a research report on Thursday, May 1st.

Avnet Stock Up 0.2%

AVT stock opened at $56.27 on Thursday. The company has a fifty day moving average price of $51.30 and a 200 day moving average price of $50.43. Avnet has a 12 month low of $39.22 and a 12 month high of $59.24. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 15.76, a price-to-earnings-growth ratio of 1.23 and a beta of 1.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 1.13.

Institutional Investors Weigh In On Avnet

A number of large investors have recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its holdings in Avnet by 9.8% in the 4th quarter. Deutsche Bank AG now owns 29,843 shares of the company’s stock valued at $1,561,000 after purchasing an additional 2,655 shares in the last quarter. Barclays PLC lifted its holdings in shares of Avnet by 2.4% during the 4th quarter. Barclays PLC now owns 94,036 shares of the company’s stock worth $4,920,000 after acquiring an additional 2,194 shares during the period. Jane Street Group LLC lifted its holdings in shares of Avnet by 245.8% during the 4th quarter. Jane Street Group LLC now owns 45,351 shares of the company’s stock worth $2,373,000 after acquiring an additional 32,235 shares during the period. GAMMA Investing LLC increased its position in Avnet by 4,565.4% during the 1st quarter. GAMMA Investing LLC now owns 101,566 shares of the company’s stock worth $4,884,000 after purchasing an additional 99,389 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Avnet by 14.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 49,763 shares of the company’s stock worth $2,393,000 after purchasing an additional 6,422 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Avnet

In other news, VP Elizabeth Mcmullen sold 4,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $52.80, for a total transaction of $211,200.00. Following the transaction, the vice president directly owned 14,626 shares of the company’s stock, valued at $772,252.80. This represents a 21.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.50% of the stock is currently owned by company insiders.

Avnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, June 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.35%. Avnet’s dividend payout ratio (DPR) is presently 36.97%.

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.