Zacks Research Has Negative Outlook for Avnet Q1 Earnings

Key Points

• Analysts at Zacks Research have reduced their Q1 2026 earnings estimate for Avnet to $0.80 per share, down from a previous estimate of $0.95, while the full-year earnings consensus remains at $3.41 per share.
• Avnet recently declared a quarterly dividend increase to $0.35 per share, up from $0.33, reflecting a healthy annual yield of 2.7%.
• Most analysts have a negative outlook on Avnet, with an average rating of "Sell" and recent price targets ranging from $43.00 to $54.00.

Avnet, Inc. (NASDAQ:AVT - Free Report) - Analysts at Zacks Research cut their Q1 2026 earnings estimates for Avnet in a note issued to investors on Wednesday, August 20th. Zacks Research analyst Team now expects that the company will post earnings of $0.80 per share for the quarter, down from their previous forecast of $0.95. The consensus estimate for Avnet's current full-year earnings is $3.41 per share. Zacks Research also issued estimates for Avnet's Q2 2026 earnings at $1.05 EPS, Q3 2026 earnings at $1.34 EPS, Q4 2026 earnings at $1.42 EPS, Q1 2027 earnings at $1.44 EPS, Q3 2027 earnings at $1.64 EPS, Q4 2027 earnings at $1.89 EPS, FY2027 earnings at $6.59 EPS and FY2028 earnings at $7.59 EPS.

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

AVT has been the subject of several other research reports. Bank of America raised their target price 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 increased their price target on shares of Avnet from $50.00 to $54.00 and gave the company a "hold" rating in a report on Thursday, August 7th. Finally, Wells Fargo & Company cut their price target on shares of Avnet from $45.00 to $43.00 and set an "underweight" rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Sell" and an average price target of $49.00.

Avnet Stock Down 0.9%

AVT stock opened at $52.82 on Friday. Avnet has a one year low of $39.22 and a one year high of $59.24. The stock has a market capitalization of $4.41 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 0.38 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 2.43. The company has a fifty day moving average of $53.55 and a 200-day moving average of $50.74.

Hedge Funds Weigh In On Avnet

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in Avnet during the 2nd quarter worth approximately $51,495,000. Woodline Partners LP purchased a new stake in Avnet during the 4th quarter worth approximately $38,097,000. Bank of America Corp DE grew its position in shares of Avnet by 149.9% in the 4th quarter. Bank of America Corp DE now owns 701,957 shares of the company's stock worth $36,726,000 after acquiring an additional 421,098 shares in the last quarter. American Century Companies Inc. grew its position in shares of Avnet by 10.8% in the 1st quarter. American Century Companies Inc. now owns 3,880,865 shares of the company's stock worth $186,631,000 after acquiring an additional 378,440 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Avnet by 25.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,680,538 shares of the company's stock worth $88,312,000 after acquiring an additional 345,721 shares in the last quarter. 95.78% of the stock is owned by institutional investors and hedge funds.

Avnet Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, September 17th will be given a dividend of $0.35 per share. 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 2.7%. Avnet's payout ratio is 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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