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

Avnet, Inc. (NASDAQ:AVT) – Zacks Research boosted their Q1 2027 earnings per share (EPS) estimates for Avnet in a research report issued to clients and investors 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.

Several other research firms also recently weighed in on AVT. Bank of America raised their price target on shares of Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, August 11th. Truist Financial boosted their target price on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a 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 investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $49.33.

Avnet Price Performance

Shares of NASDAQ AVT traded down $0.31 during trading on Friday, hitting $46.44. The company had a trading volume of 304,119 shares, compared to its average volume of 851,689. Avnet has a fifty-two week low of $39.22 and a fifty-two week high of $57.24. The stock has a fifty day simple moving average of $51.16 and a two-hundred day simple moving average of $52.08. The company has a quick ratio of 1.16, a current ratio of 2.36 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 0.36 and a beta of 1.05.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. Avnet had a return on equity of 5.91% and a net margin of 1.04%.The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The business’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.

Avnet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Wednesday, September 17th were given a $0.35 dividend. The ex-dividend date was Wednesday, September 17th. This is a positive change from Avnet’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 3.0%. Avnet’s dividend payout ratio (DPR) is currently 52.24%.

Hedge Funds Weigh In On Avnet

Several large investors have recently modified their holdings of AVT. Xponance Inc. increased its position in shares of 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 lifted its holdings in shares of Avnet by 81.6% in the 1st quarter. Signaturefd LLC now owns 3,243 shares of the company’s stock worth $156,000 after acquiring an additional 1,457 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of Avnet during the 1st quarter worth approximately $1,190,000. Victory Capital Management Inc. increased its holdings in Avnet by 19.9% in the 1st quarter. Victory Capital Management Inc. now owns 289,897 shares of the company’s stock valued at $13,941,000 after purchasing an additional 48,047 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its position in Avnet by 24.9% in the first quarter. Verdence Capital Advisors LLC now owns 10,572 shares of the company’s stock valued at $508,000 after purchasing an additional 2,107 shares during the period. Institutional investors and hedge funds 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.