Avnet - AVT Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 1 strong buy rating 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.
View AVT analyst ratings or view top-rated stocks.

6 analysts have issued twelve-month price objectives for Avnet's stock. Their AVT share price forecasts range from $35.00 to $57.00. On average, they predict the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 21.1% from the stock's current price.
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Avnet's stock was trading at $41.23 at the beginning of 2022. Since then, AVT shares have decreased by 9.8% and is now trading at $37.17.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our AVT earnings forecast.

Avnet, Inc. (NASDAQ:AVT) issued its earnings results on Wednesday, August, 10th. The company reported $2.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.96 by $0.11. The firm had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.29 billion. Avnet had a net margin of 2.85% and a trailing twelve-month return on equity of 16.47%. The company's revenue for the quarter was up 21.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 earnings per share.

Avnet announced a quarterly dividend on Wednesday, August 31st. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.29 per share on Wednesday, September 28th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Tuesday, September 13th. This is a boost from the stock's previous quarterly dividend of $0.26.
Read our dividend analysis for AVT.

Avnet (NASDAQ:AVT) pays an annual dividend of $1.16 per share and currently has a dividend yield of 3.21%. 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 16.69%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, AVT will have a dividend payout ratio of 17.06% 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 first quarter 2023 earnings guidance on Friday, September, 9th. The company provided earnings per share guidance of $1.85-$1.95 for the period, compared to the consensus estimate of $1.87. The company issued revenue guidance of $6.20 billion-$6.50 billion, compared to the consensus revenue estimate of $6.36 billion.

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

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 $37.17.

Avnet (NASDAQ:AVT) has a market capitalization of $3.52 billion and generates $24.31 billion in revenue each year. The company earns $692.38 million in net income (profit) each year or $6.95 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.