Avnet (AVT) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AVT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVT, but not buy additional shares or sell existing shares.
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4 brokers have issued twelve-month target prices for Avnet's stock. Their AVT share price forecasts range from $38.00 to $50.00. On average, they anticipate the company's stock price to reach $44.00 in the next year. This suggests that the stock has a possible downside of 5.5%.
View analysts price targets for AVT or view top-rated stocks among Wall Street analysts.

Avnet's stock was trading at $41.58 on January 1st, 2023. Since then, AVT stock has increased by 12.0% and is now trading at $46.56.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 9th 2023.
View our AVT earnings forecast.

Avnet, Inc. (NASDAQ:AVT) released its quarterly earnings results on Wednesday, May, 3rd. The company reported $2.00 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.22. The business earned $6.50 billion during the quarter, compared to analysts' expectations of $6.31 billion. Avnet had a net margin of 3.27% and a trailing twelve-month return on equity of 17.71%. Avnet's revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.15 earnings per share.

Avnet announced a quarterly dividend on Monday, May 22nd. Investors of record on Wednesday, June 7th will be paid a dividend of $0.29 per share on Wednesday, June 21st. This represents a $1.16 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, June 6th.
Read our dividend analysis for AVT.

ETFs with the largest weight of Avnet (NASDAQ:AVT) stock in their portfolio include Invesco S&P MidCap Value with Momentum ETF (XMVM), ProShares S&P Technology Dividend Aristocrats ETF (TDV), Invesco S&P MidCap 400 Pure Value ETF (RFV), Cambria Value and Momentum ETF (VAMO), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), OneAscent Large Cap Core ETF (OALC), AAM Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) and Qraft AI-Enhanced Next Value ETF (NVQ).

Avnet (NASDAQ:AVT) pays an annual dividend of $1.16 per share and currently has a dividend yield of 2.50%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVT will have a dividend payout ratio of 20.28% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVT.

Avnet updated its fourth quarter earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $1.60-$1.70 for the period, compared to the consensus estimate of $1.40. The company issued revenue guidance of $6.10-$6.40 billion, compared to the consensus revenue estimate of $5.92 billion.

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

Avnet's stock is owned by many different retail and institutional investors. Top institutional shareholders include Pzena Investment Management LLC (10.01%), BlackRock Inc. (9.92%), Dimensional Fund Advisors LP (6.58%), State Street Corp (3.98%), Greenhaven Associates Inc. (3.46%) and LSV Asset Management (3.24%). Insiders that own company stock include Dayna Badhorn, Elizabeth Mcmullen, James A Lawrence, Ken E Arnold, Kenneth A Jacobson, Kenneth A Jacobson, Leng Jin Chan, Oleg Khaykin, Philip R Gallagher, Philip R Gallagher, Thomas Liguori and William H Schumann.
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Shares of AVT stock 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.
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One share of AVT stock can currently be purchased for approximately $46.56.

Avnet (NASDAQ:AVT) has a market capitalization of $4.26 billion and generates $24.31 billion in revenue each year. The company earns $692.38 million in net income (profit) each year or $9.10 on an earnings per share basis.

The company employs 15,300 workers across the globe.

Avnet's mailing address is 2211 SOUTH 47TH STREET, PHOENIX AZ, 85034. The official website for the company is www.avnet.com. The company can be reached via phone at (480) 643-2000, via email at investorrelations@avnet.com, or via fax at 480-643-7370.