Avnet (AVT) Set to Post Quarterly Earnings on Wednesday

Key Points

• Avnet is expected to report Q1 2027 results before the market opens on November 4. Analysts forecast earnings of $2.88 per share on $9.19 billion in revenue, compared with company guidance of $2.80–$2.90 EPS.
• The company’s previous quarter exceeded expectations, with EPS of $2.28 versus the $1.80 consensus and revenue of $8.30 billion versus $7.56 billion expected. Revenue increased 47.7% year over year.
• Avnet raised its quarterly dividend to $0.37 per share, or $1.48 annually, yielding about 1.6%. The stock has gained 3.7%, while analyst opinion remains a “Moderate Buy” with an average price target of $93.25.

Avnet (NASDAQ:AVT - Get Free Report) will likely be releasing its Q1 2027 results before the market opens on Wednesday, November 4th. Analysts expect the company to announce earnings of $2.88 per share and revenue of $9.19 billion for the quarter. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Individuals may review the information on the company's upcoming Q1 2027 earnings summary page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 11:00 AM ET.

Avnet (NASDAQ:AVT - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, topping analysts' consensus estimates of $1.80 by $0.48. The business had revenue of $8.30 billion during the quarter, compared to analysts' expectations of $7.56 billion. Avnet's revenue for the quarter was up 47.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.81 EPS. On average, analysts expect Avnet to post $10.45 EPS for the current fiscal year and $11.22 EPS for the next fiscal year.

Avnet Stock Up 3.7%

Avnet stock opened at $92.95 on Wednesday. Avnet has a twelve month low of $44.25 and a twelve month high of $108.63. The company has a market capitalization of $7.64 billion, a P/E ratio of 23.30 and a beta of 1.06. The stock's 50 day moving average is $94.68 and its 200 day moving average is $80.12.

Avnet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.6%. This is a positive change from Avnet's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, September 9th. Avnet's dividend payout ratio is presently 37.09%.

Insider Buying and Selling

In other news, SVP Michael Ryan Mccoy sold 32,052 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $91.10, for a total value of $2,919,937.20. Following the completion of the sale, the senior vice president directly owned 76,674 shares of the company's stock, valued at $6,985,001.40. This represents a 29.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Philip R. Gallagher sold 51,900 shares of the business's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total value of $5,110,074.00. Following the completion of the transaction, the chief executive officer owned 168,923 shares in the company, valued at $16,632,158.58. The trade was a 23.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.00% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on AVT shares. Wall Street Zen raised Avnet from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 17th. Truist Financial upped their price target on shares of Avnet from $95.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Zacks Research downgraded shares of Avnet from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 19th. Wells Fargo & Company raised their price objective on shares of Avnet from $70.00 to $72.00 and gave the company an "underweight" rating in a research note on Monday, July 20th. Finally, Weiss Ratings raised shares of Avnet from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Avnet currently has an average rating of "Moderate Buy" and an average target price of $93.25.

About Avnet

Avnet, Inc is a global technology distributor that helps manufacturers and design engineers source electronic components and develop products. The company supplies semiconductors, embedded processors, memory, connectivity products, sensors, power-management components and other electronic parts used in industrial, automotive, communications, computing, aerospace and defense applications.

In addition to component distribution, Avnet provides engineering and design services, supply-chain management, product customization, logistics, and technical support.

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