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Zacks Research Issues Negative Estimate for Avnet Earnings

Avnet logo with Computer and Technology background

Avnet, Inc. (NASDAQ:AVT - Free Report) - Research analysts at Zacks Research cut their Q3 2026 earnings per share (EPS) estimates for Avnet in a report released on Tuesday, July 1st. Zacks Research analyst R. Department now expects that the company will post earnings of $1.44 per share for the quarter, down from their prior estimate of $1.45. The consensus estimate for Avnet's current full-year earnings is $3.41 per share.

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

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

Get Our Latest Report on Avnet

Avnet Price Performance

AVT traded up $0.14 during midday trading on Thursday, reaching $56.27. 467,461 shares of the company's stock were exchanged, compared to its average volume of 749,930. Avnet has a 1-year low of $39.22 and a 1-year high of $59.24. The stock has a market capitalization of $4.72 billion, a PE ratio of 15.76, a P/E/G 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. The business's 50-day moving average price is $51.30 and its 200 day moving average price is $50.40.

Institutional Trading of Avnet

Several hedge funds and other institutional investors have recently bought and sold shares of AVT. Legacy Advisors LLC purchased a new position in shares of Avnet during the 1st quarter worth $26,000. GeoWealth Management LLC purchased a new position in Avnet during the fourth quarter worth about $31,000. Synergy Investment Management LLC purchased a new position in Avnet during the fourth quarter worth about $38,000. Natixis boosted its stake in Avnet by 1,463.8% in the 4th quarter. Natixis now owns 735 shares of the company's stock worth $38,000 after buying an additional 688 shares during the last quarter. Finally, TD Private Client Wealth LLC grew its holdings in Avnet by 43.0% in the 1st quarter. TD Private Client Wealth LLC now owns 818 shares of the company's stock valued at $39,000 after buying an additional 246 shares during the period. 95.78% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Avnet

In other news, VP Elizabeth Mcmullen sold 4,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $52.80, for a total value of $211,200.00. Following the completion of the transaction, the vice president owned 14,626 shares of the company's stock, valued at $772,252.80. The trade was a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is currently owned by company insiders.

Avnet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders 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 annualized dividend and a dividend yield of 2.35%. Avnet's dividend payout ratio is currently 36.97%.

Avnet Company Profile

(Get Free Report)

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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Earnings History and Estimates for Avnet (NASDAQ:AVT)

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