Zacks Research Analysts Decrease Earnings Estimates for Avnet, Inc. (NASDAQ:AVT)

Avnet, Inc. (NASDAQ:AVT - Free Report) - Research analysts at Zacks Research cut their Q2 2025 earnings estimates for shares of Avnet in a note issued to investors on Wednesday, May 15th. Zacks Research analyst S. Roy now anticipates that the company will post earnings of $1.00 per share for the quarter, down from their previous estimate of $1.25. The consensus estimate for Avnet's current full-year earnings is $5.06 per share. Zacks Research also issued estimates for Avnet's FY2025 earnings at $4.81 EPS.

Several other research analysts have also commented on AVT. The Goldman Sachs Group cut their price target on Avnet from $48.00 to $42.00 and set a "sell" rating on the stock in a research report on Thursday, February 1st. Truist Financial cut their target price on shares of Avnet from $49.00 to $48.00 and set a "hold" rating on the stock in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $45.00.

Avnet Stock Performance

Shares of AVT stock traded up $0.26 during mid-day trading on Friday, hitting $53.33. 739,032 shares of the stock were exchanged, compared to its average volume of 594,884. Avnet has a 12-month low of $41.52 and a 12-month high of $53.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.05 and a current ratio of 2.33. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 8.62 and a beta of 1.21. The stock's fifty day simple moving average is $48.85 and its two-hundred day simple moving average is $47.75.

Avnet (NASDAQ:AVT - Get Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $1.10 EPS for the quarter, missing analysts' consensus estimates of $1.11 by ($0.01). Avnet had a net margin of 2.31% and a return on equity of 11.64%. The company had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.71 billion. During the same period last year, the business earned $2.00 earnings per share. The company's quarterly revenue was down 13.2% on a year-over-year basis.

Avnet Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, June 5th will be paid a $0.31 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.24 annualized dividend and a dividend yield of 2.33%. Avnet's dividend payout ratio (DPR) is currently 20.06%.

Insider Buying and Selling at Avnet

In other news, CEO Philip R. Gallagher sold 19,532 shares of the company's stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $51.63, for a total transaction of $1,008,437.16. Following the completion of the sale, the chief executive officer now owns 140,792 shares in the company, valued at $7,269,090.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Rise Advisors LLC purchased a new stake in Avnet in the 1st quarter valued at approximately $29,000. Venturi Wealth Management LLC grew its holdings in Avnet by 46.5% during the fourth quarter. Venturi Wealth Management LLC now owns 655 shares of the company's stock worth $33,000 after acquiring an additional 208 shares during the period. Bruce G. Allen Investments LLC purchased a new position in Avnet in the fourth quarter worth $40,000. Hexagon Capital Partners LLC lifted its holdings in Avnet by 1,113.5% in the first quarter. Hexagon Capital Partners LLC now owns 898 shares of the company's stock valued at $45,000 after acquiring an additional 824 shares during the period. Finally, GAMMA Investing LLC acquired a new stake in Avnet in the fourth quarter valued at $63,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Company Profile

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.