Avnet Company Profile (NYSE:AVT)

About Avnet

Avnet logoAvnet, Inc. distributes electronic components, enterprise computer and storage products, information technology solutions and services, and embedded subsystems. The Company operates in two segments: Electronics Marketing (EM) and Technology Solutions (TS). Both operating groups have operations in each of the three economic regions of the world: the Americas; Europe, the Middle East and Africa; and Asia/Pacific, consisting of Asia, Australia and New Zealand. The EM segment markets and sells semiconductors and interconnect, passive and electromechanical devices, and embedded products to a diverse customer base serving many end-markets. The TS segment focuses on the distribution of enterprise computing servers and systems, software, storage, services and complex solutions from the technology manufacturers. The TS segment also provides hard disk drives, microprocessor, motherboard and dynamic random-access memory module technologies to manufacturers of computers and system builders.

Industry, Sector and Symbol:
  • Sector: Computer and Technology
  • Industry: Electronics Wholesale
  • Sub-Industry: Technology Distributors
  • Exchange: NYSE
  • Symbol: AVT
  • CUSIP: 05380710
Key Metrics:
  • Previous Close: $41.48
  • 50 Day Moving Average: $41.11
  • 200 Day Moving Average: $41.56
  • 52-Week Range: $127,365,000.00 - $37.10
  • Trailing P/E Ratio: 10.64
  • Foreward P/E Ratio: 8.72
  • P/E Growth: 3.21
  • Market Cap: $5.15B
  • Outstanding Shares: 127,365,000
  • Beta: 1.16
Profitability:
  • Net Margins: 1.93%
  • Return on Equity: 11.99%
  • Return on Assets: 5.05%
Debt:
  • Debt-to-Equity Ratio: 0.29%
  • Current Ratio: 1.82%
  • Quick Ratio: 1.24%
Additional Links:
Companies Related to Avnet:

Analyst Ratings

Consensus Ratings for Avnet (NYSE:AVT) (?)
Ratings Breakdown: 3 Sell Ratings, 6 Hold Ratings, 1 Buy Rating
Consensus Rating:Hold (Score: 1.80)
Consensus Price Target: $42.57 (5.24% upside)

Analysts' Ratings History for Avnet (NYSE:AVT)
Show:
DateFirmActionRatingPrice TargetDetails
9/22/2016Citigroup Inc.Lower Price TargetSell$37.00 -> $35.00View Rating Details
9/20/2016Credit Agricole SASet Price TargetSell$43.00View Rating Details
9/20/2016Cross ResearchDowngradeHold -> SellView Rating Details
9/20/2016Stifel NicolausDowngradeBuy -> Hold$47.00 -> $44.00View Rating Details
8/11/2016Brean CapitalReiterated RatingHoldView Rating Details
7/11/2016Longbow ResearchDowngradeBuy -> NeutralView Rating Details
6/25/2016SunTrust Banks Inc.Reiterated RatingBuyView Rating Details
6/7/2016Goldman Sachs Group Inc.UpgradeSell -> Neutral$39.00 -> $41.00View Rating Details
4/27/2016Bank of America Corp.Initiated CoverageNeutralView Rating Details
1/31/2016Deutsche Bank AGReiterated RatingHoldView Rating Details
(Data available from 9/26/2014 forward)

Earnings

Earnings History for Avnet (NYSE:AVT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/27/2016        
8/10/2016Q416$0.88$0.86$6.21 billion$6.20 billionViewListenView Earnings Details
4/28/2016Q316$0.98$1.01$6.31 billion$6.17 billionViewListenView Earnings Details
1/28/2016Q216$1.25$1.22$7.25 billion$6.85 billionViewListenView Earnings Details
10/29/2015Q1$1.03$1.12$6.74 billion$6.97 billionViewListenView Earnings Details
8/5/2015Q415$1.08$1.16$6.90 billion$6.80 billionViewN/AView Earnings Details
4/23/2015Q315$1.07$1.04$6.87 billion$6.74 billionViewN/AView Earnings Details
1/22/2015Q215$1.21$1.27$7.35 billion$7.55 billionViewN/AView Earnings Details
10/23/2014Q115$0.97$1.02$6.71 billion$6.84 billionViewListenView Earnings Details
8/6/2014Q414$1.10$1.14$6.94 billion$7.05 billionViewN/AView Earnings Details
4/24/2014Q314$1.08$1.03$6.93 billion$6.68 billionViewN/AView Earnings Details
1/22/2014Q214$1.10$1.17$6.97 billion$7.42 billionViewN/AView Earnings Details
10/24/2013Q214$0.88$0.90$6.38 billion$6.35 billionViewListenView Earnings Details
8/7/2013Q4 2013$0.96$0.98$6.48 billion$6.59 billionViewN/AView Earnings Details
4/25/2013Q3 2013$0.87$0.90$6.21 billion$6.30 billionViewListenView Earnings Details
1/24/2013Q2 2013$0.83$1.01$6.24 billion$6.70 billionViewN/AView Earnings Details
10/25/2012$0.60$0.59ViewN/AView Earnings Details
8/8/2012$1.08$0.99ViewN/AView Earnings Details
4/26/2012$0.99$1.03ViewN/AView Earnings Details
1/26/2012$1.04$1.15ViewN/AView Earnings Details
10/27/2011$0.92$0.90ViewN/AView Earnings Details
4/28/2011$0.99$1.10ViewN/AView Earnings Details
1/27/2011$1.04$1.07ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Avnet (NYSE:AVT)
Current Year EPS Consensus Estimate: $4.25 EPS
Next Year EPS Consensus Estimate: $4.64 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20162$0.98$0.98$0.98
Q2 20161$1.29$1.29$1.29
Q3 20161$1.03$1.03$1.03
Q4 20162$0.83$0.83$0.83
Q1 20172$0.89$0.91$0.90
Q2 20172$1.13$1.16$1.15
Q3 20172$0.92$1.08$1.00
Q4 20172$1.18$1.19$1.19
Q1 20181$1.05$1.05$1.05
Q2 20181$1.27$1.27$1.27
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Avnet (NYSE:AVT)
Annual Dividend:$0.68
Dividend Yield:1.68%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:17.85% (Based on Trailing 12 Months of Earnings)
16.00% (Based on Current Year Consensus EPS Estimate)
14.66% (Based on Next Year Consensus EPS Estimate)
Track Record:2 Years of Consecutive Dividend Growth

Dividend History for Avnet (NYSE:AVT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/12/2016quarterly$0.171.63%9/2/20169/7/20169/16/2016
5/13/2016quarterly$0.171.72%6/3/20166/7/20166/20/2016
2/12/2016quarterly$0.171.7%2/26/20163/1/20163/14/2016
11/13/2015quarterly$0.171.51%11/27/201512/1/201512/14/2015
8/14/2015quarterly$0.171.58%9/4/20159/9/20159/18/2015
5/15/2015quarterly$0.161.4%5/29/20156/2/20156/15/2015
2/13/2015quarterly$0.161.41%2/27/20153/3/20153/16/2015
11/7/2014quarterly$0.161.47%11/28/201412/2/201412/15/2014
8/8/2014quarterly$0.161.56%9/4/20149/8/20149/19/2014
5/12/2014quarterly$0.151.4%5/30/20146/3/20146/16/2014
2/14/2014quarterly$0.151.37%2/28/20143/4/20143/17/2014
11/7/2013quarterly$0.151.49%11/29/201312/3/201312/16/2013
8/12/2013quarterly$0.159/10/20139/20/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Avnet (NYSE:AVT)
Insider Ownership Percentage: 1.13%
Institutional Ownership Percentage: 94.67%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
9/10/2015James A LawrenceDirectorBuy46,700$42.60$1,989,420.00View SEC Filing  
9/9/2015Maryann G MillerSVPSell9,562$42.45$405,906.90View SEC Filing  
2/25/2015Steven R PhillipsSVPSell6,455$46.30$298,866.50View SEC Filing  
2/18/2015Steven R PhillipsSVPSell3,154$45.16$142,434.64View SEC Filing  
11/14/2014Steven R PhillipsSVPSell5,474$42.88$234,725.12View SEC Filing  
11/7/2014Gerard FaySVPSell2,420$43.60$105,512.00View SEC Filing  
8/11/2014James A LawrenceDirectorBuy191,000$41.43$7,913,130.00View SEC Filing  
5/6/2014Steven PhillipsSVPSell12,398$42.15$522,575.70View SEC Filing  
4/29/2014Gerard FaySVPSell3,036$42.96$130,426.56View SEC Filing  
4/7/2014Richard HamadaCEOSell9,856$46.07$454,065.92View SEC Filing  
3/4/2014Ray RobinsonDirectorSell3,800$43.38$164,844.00View SEC Filing  
1/30/2014Frank NoonanDirectorSell3,003$41.23$123,813.69View SEC Filing  
11/15/2013Harley FeldbergSVPSell11,500$42.00$483,000.00View SEC Filing  
11/12/2013Richard HamadaCEOSell15,843$40.97$649,087.71View SEC Filing  
10/31/2013Ray M RobinsonDirectorSell2,300$40.00$92,000.00View SEC Filing  
10/30/2013Harley FeldbergSVPSell12,171$40.00$486,840.00View SEC Filing  
8/28/2013Maryann MillerVPSell11,000$39.13$430,430.00View SEC Filing  
8/23/2013Gerard FayVPSell1,367$39.44$53,914.48View SEC Filing  
8/20/2013Harley FeldbergSVPSell29,000$39.72$1,151,880.00View SEC Filing  
8/19/2013Steven PhillipsSVPSell5,433$39.00$211,887.00View SEC Filing  
8/16/2013Ray RobinsonDirectorSell1,025$38.79$39,759.75View SEC Filing  
8/15/2013Philip GallagherSVPSell8,300$39.05$324,115.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Avnet (NYSE:AVT)
DateHeadline
News IconAnalysts Valuations For Two Stocks: Energen Corporation (NYSE:EGN), Avnet, Inc. (NYSE:AVT) - The Voice Registrar (NYSE:AVT)
voiceregistrar.com - September 24 at 3:35 PM
4-traders.com logoAvnet (AVT) to Sell Technology Solutions Unit to Tech Data (TECD) for $2.6 Billion (NYSE:AVT)
www.4-traders.com - September 23 at 4:05 PM
feeds.reuters.com logoBRIEF-Avnet says Premier Farnell deal cleared in Israel (NYSE:AVT)
feeds.reuters.com - September 23 at 1:04 PM
streetinsider.com logoFitch Affirms Ratings on Avnet (AVT); Outlook Remains Stable - StreetInsider.com (NYSE:AVT)
www.streetinsider.com - September 22 at 3:46 PM
News IconAvnet, Inc.'s (AVT): Stock Buzzer - Hot Stocks Point (NYSE:AVT)
www.hotstockspoint.com - September 22 at 3:46 PM
News IconTech Data Corp (NASDAQ:TECD) Invests $2.6 Billion Into Avnet, Inc. (NYSE:AVT) Technology Services Unit - Scibility Media (NYSE:AVT)
scibilitymedia.com - September 22 at 3:46 PM
News IconAvnet, Inc. 9% Potential Upside Now Implied by Stifel (NYSE:AVT)
larampadinapoli.com - September 22 at 9:33 AM
finance.yahoo.com logoAvnet and Arizona State University Seek Nation’s Next Technology Entrepreneurs (NYSE:AVT)
finance.yahoo.com - September 21 at 4:34 PM
capitalcube.com logoAvnet, Inc. – Value Analysis (NYSE:AVT) : September 21, 2016 (NYSE:AVT)
www.capitalcube.com - September 21 at 4:34 PM
News IconStocks Gaining Momentum: Avnet, Inc. (NYSE:AVT), AmerisourceBergen Corporation (NYSE:ABC) - Street Wise Report (press release) (blog) (NYSE:AVT)
streetwisereport.com - September 21 at 7:46 AM
biz.yahoo.com logoAVNET INC Files SEC form 8-K, Entry into a Material Definitive Agreement, Regulation FD Disclosure, Financial Stateme (NYSE:AVT)
biz.yahoo.com - September 21 at 7:46 AM
bizjournals.com logoHear what an analyst says about Avnet's technology solutions business sell (NYSE:AVT)
www.bizjournals.com - September 21 at 7:46 AM
News IconUpbeat Stocks- Ascena Retail Group Inc. (NASDAQ:ASNA), Avnet, Inc. (NYSE:AVT) - Seneca Globe (NYSE:AVT)
www.senecaglobe.com - September 20 at 3:40 PM
schaeffersresearch.com logoBuzz Stocks: Infoblox Inc, Avnet, Inc., and Isle of Capri Casinos - Schaeffers Research (blog) (NYSE:AVT)
www.schaeffersresearch.com - September 20 at 3:40 PM
benzinga.com logoCLSA Ponders What Avnet Will Do With Cash From Tech Data Deal - Benzinga (NYSE:AVT)
www.benzinga.com - September 20 at 3:40 PM
finance.yahoo.com logoCLSA Ponders What Avnet Will Do With Cash From Tech Data Deal (NYSE:AVT)
finance.yahoo.com - September 20 at 3:40 PM
bizjournals.com logoWhat it means for Avnet sells its local tech solutions business unit to a Florida competitor (NYSE:AVT)
www.bizjournals.com - September 20 at 3:40 PM
investopedia.com logoTech Data Buys Avnet Unit for $2.6B (TECD, AVT) (NYSE:AVT)
www.investopedia.com - September 20 at 3:40 PM
nasdaq.com logoAvnet Breaks Above 200-Day Moving Average - Bullish for AVT (NYSE:AVT)
www.nasdaq.com - September 20 at 9:37 AM
News IconTech Data Corp (TECD) Stock: Exploding Upward on Acquisition News (NYSE:AVT)
www.modestmoney.com - September 19 at 4:36 PM
thecountrycaller.com logoTech Data Corp (TECD) to Purchase IT Business From Avnet, Inc. (AVT) for $2.6bn (NYSE:AVT)
www.thecountrycaller.com - September 19 at 4:36 PM
businesswire.com logoAvnet Agrees to Sell Technology Solutions Business Unit to Tech Data for $2.6B (NYSE:AVT)
www.businesswire.com - September 19 at 4:36 PM
investors.com logoAvnet offloads IT arm to Tech Data for US$2.8bn (NYSE:AVT)
www.proactiveinvestors.com - September 19 at 4:36 PM
benzinga.com logoA Peek Into The Markets: U.S. Stock Futures Signal Higher Start On Wall Street - Benzinga (NYSE:AVT)
www.benzinga.com - September 19 at 8:26 AM
benzinga.com logoTech Data To Buy Technology Solutions From Avnet To Widen Value-Added Distribution Business - Benzinga (NYSE:AVT)
www.benzinga.com - September 19 at 8:26 AM
sg.finance.yahoo.com logoAvnet to sell IT business to Tech Data for $2.6 billion (NYSE:AVT)
sg.finance.yahoo.com - September 19 at 8:26 AM
News IconAnalysts Valuations For Two Stocks: Avnet, Inc. (NYSE:AVT), Pitney Bowes Inc. (NYSE:PBI) - The Voice Registrar (NYSE:AVT)
voiceregistrar.com - September 16 at 10:34 AM
publicnow.com logoUpdated Financing Arrangements (NYSE:AVT)
www.publicnow.com - September 16 at 10:34 AM
finance.yahoo.com logo4:13 am Avnet updates its financing arrangements in respect of the acquisition of Premier Farnell (NYSE:AVT)
finance.yahoo.com - September 16 at 10:34 AM
feeds.reuters.com logoBRIEF-Avnet updates financing arrangements on Premier Farnell deal (NYSE:AVT)
feeds.reuters.com - September 16 at 3:00 AM
feeds.reuters.com logoBRIEF-Avnet enters a senior unsecured term loan credit agreement with Avnet Holding Europe BVBA (NYSE:AVT)
feeds.reuters.com - September 15 at 5:52 PM
News IconAnalysts Valuations For Two Stocks: Avnet, Inc. (NYSE:AVT), Sunoco Logistics Partners L.P. (NYSE:SXL) - The Voice Registrar (NYSE:AVT)
voiceregistrar.com - September 15 at 4:00 PM
News IconAvnet, Inc. (NYSE:AVT) To Report September 2016 Results - The Voice Registrar (NYSE:AVT)
voiceregistrar.com - September 15 at 4:00 PM
publicnow.com logoAvnet Government Solutions Adds Data and Information Software Solutions from Commvault to its GSA Schedule (NYSE:AVT)
www.publicnow.com - September 14 at 3:42 PM
News IconWhat is the Street Saying About Avnet, Inc. (NYSE:AVT)? - Frisco Fastball (NYSE:AVT)
friscofastball.com - September 13 at 8:32 AM
News IconAnalysts Valuations For Two Stocks: Bemis Company, Inc. (NYSE:BMS), Avnet, Inc. (NYSE:AVT) - The Voice Registrar (NYSE:AVT)
voiceregistrar.com - September 13 at 8:32 AM
News IconHow Avnet, Inc. (NYSE:AVT) trades after earning announcements? - National Daily Press (NYSE:AVT)
www.nationaldailypress.com - September 12 at 3:39 PM
News IconShares Lower Over the Past Quarter: Avnet, Inc. (NYSE:AVT) - Post News (NYSE:AVT)
www.kentuckypostnews.com - September 11 at 8:26 AM
News IconAvnet, Inc. (NYSE:AVT): What is the Sell-side Making of this Stock? - Post News (NYSE:AVT)
www.kentuckypostnews.com - September 9 at 8:28 AM
feeds.reuters.com logoBRIEF-Avnet says U.S. clears Premier Farnell deal (NYSE:AVT)
feeds.reuters.com - September 8 at 4:21 AM
seekingalpha.com logoAvnet appoints William Amelio permanent CEO - Seeking Alpha (NYSE:AVT)
seekingalpha.com - September 7 at 3:38 PM
biz.yahoo.com logoAVNET INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits (NYSE:AVT)
biz.yahoo.com - September 7 at 11:43 AM
rttnews.com logoAvnet Names William Amelio CEO (NYSE:AVT)
www.rttnews.com - September 6 at 8:50 PM
News IconDistribution Watch: Avnet Makes Bill Amelio’s CEO Appointment Permanent (NYSE:AVT)
thevarguy.com - September 6 at 8:50 PM
News IconAvnet names CEO after Hamada stepped down in July (NYSE:AVT)
azbigmedia.com - September 6 at 8:50 PM
News IconAvnet Names William Amelio as CEO; Distributor Seeks Rebound (NYSE:AVT)
www.channele2e.com - September 6 at 8:50 PM
streetinsider.com logoAvnet (AVT) Names Interim CEO William Amelio to Permanent Role - StreetInsider.com (NYSE:AVT)
www.streetinsider.com - September 6 at 3:46 PM
publicnow.com logoAvnet Names William Amelio as CEO (NYSE:AVT)
www.publicnow.com - September 6 at 3:46 PM
News IconShares Higher Over the Last Five Trading Sessions: Avnet, Inc. (NYSE:AVT) - Post News (NYSE:AVT)
www.kentuckypostnews.com - September 6 at 8:31 AM
News Icon2 Sizzling Hot Services Stocks: Caesars Entertainment Corporation (CZR), Avnet, Inc. (AVT) - The Independent Republic (NYSE:AVT)
theindependentrepublic.com - September 2 at 8:23 AM

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Avnet (NYSE:AVT) Chart for Monday, September, 26, 2016


Last Updated on 9/26/2016 by MarketBeat.com Staff