Avnet Company Profile (NYSE:AVT)

About Avnet (NYSE:AVT)

Avnet logoAvnet, Inc. is a distributor of electronic components, enterprise computer, networking and storage products and software, and embedded subsystems. The Company operates through Electronics Marketing (EM) segment. The EM segment markets and sells semiconductors; interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets. The Company creates a link in the technology supply chain that connects electronic component and computer product manufacturers and software developers with a customer base of original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, original design manufacturers (ODMs), systems integrators (SIs), independent software vendors (ISVs) and value-added resellers (VARs). The Company distributes electronic components, computer products and software, as received from its suppliers or through a customized solution, and offers assembly and other services.

Industry, Sector and Symbol:
  • Sector: Technology
  • Industry: Electronic Equipment & Parts
  • Sub-Industry: Technology Distributors
  • Symbol: NYSE:AVT
  • CUSIP: 05380710
  • Web: www.avnet.com
  • Market Cap: $4.95686 billion
  • Outstanding Shares: 123,063,000
Average Prices:
  • 50 Day Moving Avg: $38.96
  • 200 Day Moving Avg: $39.17
  • 52 Week Range: $35.67 - $51.50
  • Trailing P/E Ratio: 9.95
  • Foreward P/E Ratio: 11.02
  • P/E Growth: 1.44
Sales & Book Value:
  • Annual Revenue: $17.44 billion
  • Price / Sales: 0.29
  • Book Value: $42.11 per share
  • Price / Book: 0.97
  • Annual Dividend: $0.72
  • Dividend Yield: 1.8%
  • EBITDA: $738.16 million
  • Net Margins: 1.59%
  • Return on Equity: 5.72%
  • Return on Assets: 3.01%
  • Debt-to-Equity Ratio: 0.33%
  • Current Ratio: 3.07%
  • Quick Ratio: 1.92%
  • Average Volume: 953,769 shs.
  • Beta: 1.07
  • Short Ratio: 4.65

Frequently Asked Questions for Avnet (NYSE:AVT)

What is Avnet's stock symbol?

Avnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVT."

How often does Avnet pay dividends? What is the dividend yield for Avnet?

Avnet declared a quarterly dividend on Friday, August 11th. Stockholders of record on Wednesday, September 6th will be given a dividend of $0.18 per share on Friday, September 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, September 1st. View Avnet's Dividend History.

How will Avnet's stock buyback program work?

Avnet announced that its Board of Directors has approved a share buyback program on Tuesday, April 11th 2017, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 8.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

How were Avnet's earnings last quarter?

Avnet, Inc. (NYSE:AVT) posted its earnings results on Wednesday, August, 9th. The company reported $0.84 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.77 by $0.07. The firm earned $4.61 billion during the quarter, compared to the consensus estimate of $4.48 billion. Avnet had a return on equity of 5.72% and a net margin of 1.59%. Avnet's revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.86 EPS. View Avnet's Earnings History.

When will Avnet make its next earnings announcement?

Avnet is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Avnet.

What guidance has Avnet issued on next quarter's earnings?

Avnet updated its first quarter earnings guidance on Wednesday, August, 9th. The company provided earnings per share guidance of $0.67-0.77 for the period, compared to the Thomson Reuters consensus estimate of $0.72. The company issued revenue guidance of $4.15-4.45 billion, compared to the consensus revenue estimate of $4.36 billion.

Where is Avnet's stock going? Where will Avnet's stock price be in 2017?

7 analysts have issued 1 year price targets for Avnet's stock. Their predictions range from $31.00 to $43.00. On average, they expect Avnet's stock price to reach $38.40 in the next year. View Analyst Ratings for Avnet.

Who are some of Avnet's key competitors?

Who are Avnet's key executives?

Avnet's management team includes the folowing people:

  • William H. Schumann III, Independent Chairman of the Board
  • William J. Amelio, Chief Executive Officer, Director
  • Ken Jacobson, Interim Chief Financial Officer, Principal Accounting and Financial Officer. Corporate Controller
  • Philip R. Gallagher, Global President - Core Distribution Business
  • MaryAnn G. Miller, Senior Vice President, Chief Human Resources Officer and Corporate Marketing & Communications
  • Kevin V. Summers, Senior Vice President, Chief Information Officer
  • Michael J. O'Neill, Senior Vice President, General Counsel, Chief Legal Officer
  • Peter G. Bartolotta, Senior Vice President and Chief Transformation Officer
  • Therese M. Bassett, Senior Vice President and Chief Strategy and Innovation Officer
  • Rodney C. Adkins, Independent Director

How do I buy Avnet stock?

Shares of Avnet can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Avnet's stock price today?

One share of Avnet stock can currently be purchased for approximately $40.65.

MarketBeat Community Rating for Avnet (NYSE AVT)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  182 (Vote Outperform)
Underperform Votes:  224 (Vote Underperform)
Total Votes:  406
MarketBeat's community ratings are surveys of what our community members think about Avnet and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Avnet (NYSE:AVT) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Sell Ratings, 4 Hold Ratings
Consensus Rating:Hold (Score: 1.57)
Consensus Price Target: $38.40 (5.54% downside)
Consensus Price Target History for Avnet (NYSE:AVT)
Price Target History for Avnet (NYSE:AVT)
Analysts' Ratings History for Avnet (NYSE:AVT)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
8/10/2017Deutsche Bank AGReiterated RatingHold$40.00 -> $39.00MediumView Rating Details
7/14/2017Bank of America CorporationDowngradeNeutral -> Underperform$44.00 -> $40.00MediumView Rating Details
4/28/2017Citigroup Inc.Reiterated RatingSell$31.00HighView Rating Details
4/28/2017Longbow ResearchDowngradeBuy -> NeutralHighView Rating Details
4/28/2017SunTrust Banks, Inc.DowngradeBuy -> Hold$53.00 -> $39.00HighView Rating Details
3/1/2017Goldman Sachs Group, Inc. (The)DowngradeNeutral -> Sell$47.00 -> $43.00N/AView Rating Details
1/3/2017Brean CapitalReiterated RatingHoldN/AView Rating Details
10/4/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-Buy$52.00N/AView Rating Details
9/20/2016Cross ResearchDowngradeHold -> SellN/AView Rating Details
9/20/2016Stifel NicolausDowngradeBuy -> Hold$47.00 -> $44.00N/AView Rating Details
(Data available from 10/17/2015 forward)


Earnings History for Avnet (NYSE:AVT)
Earnings by Quarter for Avnet (NYSE:AVT)
Earnings History by Quarter for Avnet (NYSE AVT)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/25/2017$0.71N/AView Earnings Details
8/9/2017Q4 2017$0.77$0.84$4.48 billion$4.61 billionViewListenView Earnings Details
4/27/2017Q3 2017$0.86$0.88$4.46 billion$4.44 billionViewN/AView Earnings Details
1/26/2017Q217$0.75$0.77$4.38 billion$4.27 billionViewN/AView Earnings Details
10/27/2016Q117$0.90$0.91$6.10 billion$6.04 billionViewListenView Earnings Details
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$1.09$1.04$6.87 billion$6.74 billionViewN/AView Earnings Details
1/22/2015Q215$1.20$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$1.07$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)


Earnings Estimates for Avnet (NYSE:AVT)
2017 EPS Consensus Estimate: $3.61
2018 EPS Consensus Estimate: $3.77
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20172$0.89$0.91$0.90
Q2 20172$0.74$1.13$0.94
Q3 20172$0.73$0.85$0.79
Q4 20173$0.82$1.18$0.98
Q1 20183$0.72$0.99$0.87
Q2 20182$0.81$0.89$0.85
Q3 20183$0.92$1.07$1.00
Q4 20182$0.98$1.12$1.05
Q1 20191$1.01$1.01$1.01
Q2 20191$1.05$1.05$1.05
(Data provided by Zacks Investment Research)


Current Dividend Information for Avnet (NYSE:AVT)
Most Recent Dividend:9/15/2017
Annual Dividend:$0.72
Dividend Yield:1.77%
Dividend Growth:31.40% (3 Year Average)
Payout Ratio:17.69% (Trailing 12 Months of Earnings)
22.02% (Based on This Year's Estimates)
19.51% (Based on Next Year's Estimates)
Track Record:3 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for Avnet (NYSE:AVT)

Dividend History by Quarter for Avnet (NYSE AVT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Avnet (NYSE:AVT)
Insider Ownership Percentage: 1.65%
Institutional Ownership Percentage: 97.06%
Insider Trades by Quarter for Avnet (NYSE:AVT)
Institutional Ownership by Quarter for Avnet (NYSE:AVT)
Insider Trades by Quarter for Avnet (NYSE:AVT)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
8/17/2017J Veronica BigginsDirectorSell10,600$37.10$393,260.00View SEC Filing  
6/2/2017James A LawrenceDirectorBuy408,451$36.99$15,108,602.49View SEC Filing  
5/18/2017Kevin M. MoriartyCFOBuy6,933$36.08$250,142.64View SEC Filing  
3/1/2017Maryann G. MillerInsiderSell5,000$47.00$235,000.00View SEC Filing  
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)


Headline Trends for Avnet (NYSE:AVT)
Latest Headlines for Avnet (NYSE:AVT)
finance.yahoo.com logoAvnet and MedIoTek to Transform Healthcare Delivery in India
finance.yahoo.com - October 17 at 3:08 AM
finance.yahoo.com logoAvnet Schedules First Quarter Fiscal Year 2018 Earnings Announcement
finance.yahoo.com - October 13 at 4:52 PM
msn.com logoInvestors Aren't Fully Appreciating Dynamics Of Tech Data's Relationship With Apple
www.msn.com - October 11 at 5:44 PM
finance.yahoo.com logoTop Ranked Value Stocks to Buy for October 11th
finance.yahoo.com - October 11 at 5:44 PM
finance.yahoo.com logoAvnet Opens Registration for Global MiniZed SpeedWay Design Workshop Series
finance.yahoo.com - October 11 at 5:44 PM
americanbankingnews.com logoAvnet, Inc. (AVT) Upgraded at Zacks Investment Research
www.americanbankingnews.com - October 10 at 11:26 PM
americanbankingnews.com logo$4.32 Billion in Sales Expected for Avnet, Inc. (AVT) This Quarter
www.americanbankingnews.com - October 7 at 11:28 AM
americanbankingnews.com logo Brokerages Anticipate Avnet, Inc. (AVT) Will Announce Earnings of $0.71 Per Share
www.americanbankingnews.com - October 5 at 8:20 AM
finance.yahoo.com logoCelestica Recognizes Avnet with a 2016 Total Cost of Ownership Supplier Award as “Best Aerospace and Defense Partner”
finance.yahoo.com - October 4 at 1:47 PM
finance.yahoo.com logoAvnet and Amphenol Celebrate Milestone 60-Year Collaboration
finance.yahoo.com - October 2 at 4:09 PM
americanbankingnews.com logoAvnet, Inc. (AVT) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - September 30 at 12:44 PM
finance.yahoo.com logoAvnet, Dragon Innovation and Kickstarter Launch Hardware Studio
finance.yahoo.com - September 19 at 4:12 PM
americanbankingnews.com logo$0.71 Earnings Per Share Expected for Avnet, Inc. (AVT) This Quarter
www.americanbankingnews.com - September 16 at 4:10 PM
finance.yahoo.com logoAvnet, Inc. breached its 50 day moving average in a Bullish Manner : AVT-US : September 14, 2017
finance.yahoo.com - September 14 at 4:52 PM
finance.yahoo.com logoAvnet Singapore Wins 2017 Best Distributor Xilinx Dedicated FAE Award for Xilinx Channel Taiwan and ASEAN Region
finance.yahoo.com - September 12 at 2:57 AM
finance.yahoo.com logoAvnet Adds Link to Americas’ LED Value Chain with Opulent Americas Agreement
finance.yahoo.com - September 11 at 4:46 PM
americanbankingnews.com logoAvnet, Inc. (AVT) Receives Average Rating of "Hold" from Brokerages
www.americanbankingnews.com - September 5 at 12:32 PM
bizjournals.com logoFormer Avnet executive is new CEO of Tempe-based Instant Data Centers
www.bizjournals.com - September 1 at 9:47 PM
bizjournals.com logoWhat the ‘IT distributor of the future’ looks like for Tech Data's CEO
www.bizjournals.com - September 1 at 4:46 PM
finance.yahoo.com logoAvnet, Inc. breached its 50 day moving average in a Bullish Manner : AVT-US : September 1, 2017
finance.yahoo.com - September 1 at 4:46 PM
finance.yahoo.com logoAvnet, TD next Deal Extends Franchise Exclusive into the Americas
finance.yahoo.com - August 30 at 5:32 PM
finance.yahoo.com logoAvnet and Arizona State University Invite Enterprising Students to Compete in Second Annual ASU Innovation Open
finance.yahoo.com - August 29 at 4:31 PM
finance.yahoo.com logoETFs with exposure to Avnet, Inc. : August 28, 2017
finance.yahoo.com - August 28 at 9:15 PM
seekingalpha.com logoAvnet: Jump In Now
seekingalpha.com - August 28 at 4:15 PM
americanbankingnews.com logoContrasting API Technologies Corp (ATNY) and Avnet (AVT)
www.americanbankingnews.com - August 26 at 8:29 AM
americanbankingnews.com logoContrasting OSI Systems (OSIS) & Avnet (AVT)
www.americanbankingnews.com - August 26 at 6:28 AM
finance.yahoo.com logoAvnet to Present at the Citi 2017 Global Technology Conference
finance.yahoo.com - August 24 at 4:16 PM
americanbankingnews.com logoReviewing Avnet (AVT) and API Technologies Corp (ATNY)
www.americanbankingnews.com - August 23 at 6:24 PM
finance.yahoo.com logoAvnet, Inc. :AVT-US: Earnings Analysis: Q4, 2017 By the Numbers : August 21, 2017
finance.yahoo.com - August 22 at 10:01 PM
finance.yahoo.com logoAvnet Acquires Dragon Innovation
finance.yahoo.com - August 22 at 10:01 PM
finance.yahoo.com logoAvnet acquires Boston company to further help customers improve manufacturing
finance.yahoo.com - August 22 at 4:59 PM
finance.yahoo.com logoAvnet acquires Boston company to further help customers improve manufacturing
finance.yahoo.com - August 22 at 4:59 PM
nasdaq.com logoAvnet (AVT) Passes Through 2% Yield Mark
www.nasdaq.com - August 19 at 2:45 AM
americanbankingnews.com logoComparing Avnet (AVT) & Teledyne Technologies (TDY)
www.americanbankingnews.com - August 18 at 6:14 PM
finance.yahoo.com logoAvnet, Inc. :AVT-US: Earnings Analysis: 2017 By the Numbers : August 18, 2017
finance.yahoo.com - August 18 at 4:21 PM
americanbankingnews.com logoInsider Selling: Avnet, Inc. (AVT) Director Sells 10,600 Shares of Stock
www.americanbankingnews.com - August 17 at 7:20 PM
americanbankingnews.com logoComparing Avnet (AVT) & InvenSense (INVN)
www.americanbankingnews.com - August 16 at 9:58 AM
finance.yahoo.com logoAvnet, Inc. – Value Analysis (NYSE:AVT) : August 14, 2017
finance.yahoo.com - August 14 at 9:41 PM
americanbankingnews.com logoAvnet (AVT) vs. Teledyne Technologies (TDY) Critical Analysis
www.americanbankingnews.com - August 13 at 4:16 AM
americanbankingnews.com logoAvnet, Inc. (NYSE:AVT) Receives Average Rating of "Hold" from Analysts
www.americanbankingnews.com - August 11 at 6:06 PM
americanbankingnews.com logoQ1 2018 EPS Estimates for Avnet, Inc. Decreased by SunTrust Banks (NYSE:AVT)
www.americanbankingnews.com - August 11 at 2:14 PM
americanbankingnews.com logoAvnet, Inc. Plans Quarterly Dividend of $0.18 (AVT)
www.americanbankingnews.com - August 11 at 10:14 AM
americanbankingnews.com logoOSI Systems (OSIS) versus Avnet (AVT) Financial Contrast
www.americanbankingnews.com - August 10 at 4:32 PM
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Avnet Inc.
finance.yahoo.com - August 10 at 4:07 PM
finance.yahoo.com logoEdited Transcript of AVT earnings conference call or presentation 9-Aug-17 3:00pm GMT
finance.yahoo.com - August 10 at 4:07 PM
finance.yahoo.com logoAvnet (AVT) Earnings and Revenues Beat Estimates in Q4
finance.yahoo.com - August 10 at 4:07 PM
finance.yahoo.com logoAvnet CFO stepping down, interim replacement announced
finance.yahoo.com - August 10 at 4:07 PM
seekingalpha.com logoAvnet (AVT) Q4 2017 Results - Earnings Call Transcript
seekingalpha.com - August 9 at 9:29 PM
nasdaq.com logoAvnet Inc Bottom Line Rises 39% In Q4
www.nasdaq.com - August 9 at 4:24 PM
finance.yahoo.com logoAvnet Reports Fourth Quarter and Fiscal Year 2017 Results
finance.yahoo.com - August 9 at 4:24 PM



Avnet (AVT) Chart for Tuesday, October, 17, 2017

This page was last updated on 10/17/2017 by MarketBeat.com Staff

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