Avnet Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last twelve months. There are currently 1 sell rating, 1 hold rating, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Avnet stock.
View analyst ratings for Avnet or view top-rated stocks.

Wall Street analysts have given Avnet a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Avnet wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Avnet is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Avnet.

Avnet, Inc. (NASDAQ:AVT) announced its quarterly earnings results on Tuesday, April, 27th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.56 by $0.18. The business had revenue of $4.92 billion for the quarter, compared to analysts' expectations of $4.56 billion. Avnet had a trailing twelve-month return on equity of 4.48% and a net margin of 0.87%. The firm's quarterly revenue was up 14.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.38 earnings per share.
View Avnet's earnings history.

Avnet's stock was trading at $28.28 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, AVT stock has increased by 37.3% and is now trading at $38.83.
View which stocks have been most impacted by COVID-19.

Avnet declared a quarterly dividend on Tuesday, May 25th. Shareholders of record on Wednesday, June 9th will be paid a dividend of $0.22 per share on Wednesday, June 23rd. This represents a $0.88 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, June 8th. This is a positive change from Avnet's previous quarterly dividend of $0.21.
View Avnet's dividend history.

Avnet pays an annual dividend of $0.88 per share and currently has a dividend yield of 2.27%. Avnet does not yet have a strong track record of dividend growth. The dividend payout ratio of Avnet is 57.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Avnet will have a dividend payout ratio of 26.27% next year. This indicates that Avnet will be able to sustain or increase its dividend.
View Avnet's dividend history.

Avnet declared that its board has approved a share repurchase plan on Monday, August 19th 2019, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 11% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Avnet updated its fourth quarter 2021 earnings guidance on Wednesday, May, 5th. The company provided earnings per share guidance of 0.710-0.770 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.640. The company issued revenue guidance of $4.70 billion-$5.10 billion, compared to the consensus revenue estimate of $4.63 billion.

5 Wall Street analysts have issued 1 year price targets for Avnet's stock. Their forecasts range from $25.00 to $53.00. On average, they expect Avnet's share price to reach $38.40 in the next year. This suggests that the stock has a possible downside of 1.1%.
View analysts' price targets for Avnet or view top-rated stocks among Wall Street analysts.

Some companies that are related to Avnet include Arrow Electronics (ARW), RADA Electronic Industries (RADA), Ituran Location and Control (ITRN), VOXX International (VOXX), Orbital Energy Group (OEG), Richardson Electronics (RELL), EACO (EACO), India Globalization Capital (IGC), Simply (AWSM), TESSCO Technologies (TESS), Taitron Components (TAIT), Universal Security Instruments (UUU), Surge Components (SPRS), Simply (AWSMD) and Bell Industries (BLLI).
View all of AVT's competitors.

Avnet trades on the NASDAQ under the ticker symbol "AVT."

Avnet's stock is owned by many different institutional and retail investors. Top institutional investors include Pzena Investment Management LLC (12.41%), BlackRock Inc. (9.36%), Dimensional Fund Advisors LP (4.08%), Russell Investments Group Ltd. (3.21%), Alliancebernstein L.P. (2.62%) and Victory Capital Management Inc. (1.70%). Company insiders that own Avnet stock include Dayna Badhorn, James A Lawrence, Ken E Arnold, Kenneth A Jacobson, Leng Jin Chan, Maryann G Miller, Oleg Khaykin, Philip R Gallagher and William H Schumann.
View institutional ownership trends for Avnet.

AVT stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Victory Capital Management Inc., Franklin Resources Inc., Federated Hermes Inc., Acadian Asset Management LLC, D. E. Shaw & Co. Inc., Renaissance Technologies LLC, and Pzena Investment Management LLC. Company insiders that have sold Avnet company stock in the last year include Ken E Arnold, Kenneth A Jacobson, Leng Jin Chan, Philip R Gallagher, and William H Schumann.
View insider buying and selling activity for Avnet or view top insider-selling stocks.

AVT stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Russell Investments Group Ltd., Royce & Associates LP, BlackRock Inc., Dimensional Fund Advisors LP, Jupiter Asset Management Ltd., Assenagon Asset Management S.A., and AQR Capital Management LLC. Company insiders that have bought Avnet stock in the last two years include Dayna Badhorn, and Oleg Khaykin.
View insider buying and selling activity for Avnet or or view top insider-buying stocks.

Shares of AVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of AVT stock can currently be purchased for approximately $38.83.

Avnet has a market capitalization of $3.86 billion and generates $17.63 billion in revenue each year. The company earns $-31,080,000.00 in net income (profit) each year or $1.54 on an earnings per share basis.

Avnet employs 14,600 workers across the globe.

The official website for Avnet is www.avnet.com.

Avnet is headquartered at 2211 SOUTH 47TH STREET, PHOENIX AZ, 85034.

Avnet's mailing address is 2211 SOUTH 47TH STREET, PHOENIX AZ, 85034. The company can be reached via phone at 480 643 2000 or via email at [email protected]