Equities Analysts Set Expectations for Avnet FY2026 Earnings

Key Points

• Zacks Research has reduced its FY2026 earnings per share (EPS) estimate for Avnet to $4.60, down from $5.17, while the current consensus estimate for the full year is $3.41 per share.
• Institutional investors control approximately 95.78% of Avnet's shares, with notable increases in holdings from firms like Pzena Investment Management and AQR Capital Management.
• Avnet recently increased its quarterly dividend to $0.35 per share, marking a rise from the previous $0.33, resulting in an annualized yield of 2.5%.

Avnet, Inc. (NASDAQ:AVT - Free Report) - Equities researchers at Zacks Research lowered their FY2026 earnings per share (EPS) estimates for shares of Avnet in a research report issued on Wednesday, August 20th. Zacks Research analyst Team now expects that the company will post earnings of $4.60 per share for the year, down from their prior forecast of $5.17. The consensus estimate for Avnet's current full-year earnings is $3.41 per share.

AVT has been the subject of several other research reports. Truist Financial boosted their price objective on Avnet from $50.00 to $54.00 and gave the company a "hold" rating in a research report on Thursday, August 7th. Bank of America boosted their price objective on Avnet from $48.00 to $50.00 and gave the company an "underperform" rating in a research report on Monday, August 11th. Finally, Wells Fargo & Company lowered their price objective on Avnet from $45.00 to $43.00 and set an "underweight" rating for the company in a research report on Thursday, May 1st. One research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Sell" and a consensus target price of $49.00.

Avnet Stock Performance

Shares of AVT stock opened at $55.66 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 2.43. Avnet has a fifty-two week low of $39.22 and a fifty-two week high of $59.24. The stock has a 50 day moving average price of $53.66 and a two-hundred day moving average price of $50.78. The company has a market capitalization of $4.65 billion, a P/E ratio of 20.39, a PEG ratio of 0.41 and a beta of 1.06.

Avnet (NASDAQ:AVT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.09. Avnet had a return on equity of 6.07% and a net margin of 1.08%.The company had revenue of $5.62 billion during the quarter, compared to the consensus estimate of $5.36 billion. During the same quarter in the previous year, the company posted $1.22 EPS. Avnet's quarterly revenue was up 1.0% compared to the same quarter last year.

Hedge Funds Weigh In On Avnet

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pzena Investment Management LLC raised its holdings in shares of Avnet by 2.9% during the second quarter. Pzena Investment Management LLC now owns 7,341,299 shares of the company's stock valued at $389,676,000 after acquiring an additional 209,003 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Avnet by 10.8% during the first quarter. American Century Companies Inc. now owns 3,880,865 shares of the company's stock valued at $186,631,000 after acquiring an additional 378,440 shares in the last quarter. LSV Asset Management raised its holdings in shares of Avnet by 2.5% during the second quarter. LSV Asset Management now owns 2,667,923 shares of the company's stock valued at $141,613,000 after acquiring an additional 66,191 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Avnet by 5.5% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 2,581,227 shares of the company's stock valued at $124,131,000 after acquiring an additional 134,372 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Avnet by 25.9% during the second quarter. AQR Capital Management LLC now owns 1,680,538 shares of the company's stock valued at $88,312,000 after acquiring an additional 345,721 shares in the last quarter. Institutional investors own 95.78% of the company's stock.

Avnet Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, September 17th will be issued a dividend of $0.35 per share. This is a boost from Avnet's previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, September 17th. Avnet's dividend payout ratio is currently 48.35%.

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.

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