Zacks Research Issues Negative Outlook for Avnet Earnings

Avnet, Inc. (NASDAQ:AVT - Free Report) - Investment analysts at Zacks Research decreased their Q1 2026 earnings estimates for Avnet in a research note issued to investors on Tuesday, July 1st. Zacks Research analyst R. Department now forecasts that the company will earn $0.95 per share for the quarter, down from their previous forecast of $0.96. 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 $1.27 EPS, Q4 2026 earnings at $1.51 EPS, FY2026 earnings at $5.17 EPS, Q1 2027 earnings at $1.45 EPS, Q2 2027 earnings at $1.63 EPS, Q3 2027 earnings at $1.69 EPS and FY2027 earnings at $6.62 EPS.

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

Avnet Stock Performance

Shares of AVT traded up $0.14 during mid-day trading on Wednesday, reaching $56.27. 467,461 shares of the company's stock were exchanged, compared to its average volume of 750,531. The business's fifty day simple moving average is $51.21 and its 200-day simple moving average is $50.41. The stock has a market capitalization of $4.72 billion, a PE ratio of 15.76, a price-to-earnings-growth ratio of 1.22 and a beta of 1.03. Avnet has a 52-week low of $39.22 and a 52-week high of $59.24. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.44 and a quick ratio of 1.13.

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 analysts' consensus estimates of $0.72 by $0.12. The firm had revenue of $5.32 billion for the quarter, compared to the consensus estimate of $5.25 billion. Avnet had a return on equity of 6.96% and a net margin of 1.43%. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 EPS.

Avnet Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Wednesday, June 4th. Avnet's payout ratio is currently 36.97%.

Insider Activity

In related news, VP Elizabeth Mcmullen sold 4,000 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $52.80, for a total transaction of $211,200.00. Following the completion of the sale, the vice president directly owned 14,626 shares of the company's stock, valued at $772,252.80. This trade represents a 21.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company's stock.

Institutional Trading of Avnet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Legacy Advisors LLC purchased a new stake in shares of Avnet in the first quarter valued at approximately $26,000. GeoWealth Management LLC purchased a new stake in shares of Avnet during the 4th quarter worth $31,000. Synergy Investment Management LLC acquired a new position in shares of Avnet during the 4th quarter worth $38,000. Natixis increased its holdings in shares of Avnet by 1,463.8% in the 4th quarter. Natixis now owns 735 shares of the company's stock valued at $38,000 after purchasing an additional 688 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its stake in shares of Avnet by 43.0% in the first quarter. TD Private Client Wealth LLC now owns 818 shares of the company's stock valued at $39,000 after purchasing an additional 246 shares during the period. Hedge funds and other institutional investors own 95.78% of the company's stock.

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.