Avnet, Inc, together with its subsidiaries, distributes electronic components worldwide. The company operates through two segments, Electronic Components and Premier Farnell. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.
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Industry, Sector and Symbol
Industry Electronic parts & equipment, not elsewhere classified
Sub-IndustryTechnology Distributors
SectorComputer and Technology
Phone480-643-2000
Debt
Price-To-Earnings
Sales & Book Value
Annual SalesN/A
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date10/24/2019 (Estimated)
OptionableOptionable
Avnet (NYSE:AVT) Frequently Asked Questions
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 Monday, August 19th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.21 per share on Wednesday, September 25th. This represents a $0.84 annualized dividend and a dividend yield of 2.07%. This is an increase from Avnet's previous quarterly dividend of $0.20. View Avnet's Dividend History.
How will Avnet's stock buyback program work?
Avnet announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, August 29th 2018, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 10.8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.
How were Avnet's earnings last quarter?
Avnet (NYSE:AVT) released its quarterly earnings data on Thursday, August, 8th. The technology company reported $0.95 earnings per share for the quarter, missing analysts' consensus estimates of $1.00 by $0.05. The technology company had revenue of $4.68 billion for the quarter, compared to analysts' expectations of $4.61 billion. Avnet's revenue was down 7.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 EPS. View Avnet's Earnings History.
When is Avnet's next earnings date?
What guidance has Avnet issued on next quarter's earnings?
Avnet issued an update on its first quarter earnings guidance on Thursday, August, 8th. The company provided earnings per share guidance of $0.60-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.97. The company issued revenue guidance of $4.40-4.70 billion, compared to the consensus revenue estimate of $4.59 billion.
What price target have analysts set for AVT?
5 equities research analysts have issued twelve-month price objectives for Avnet's shares. Their forecasts range from $39.00 to $50.00. On average, they anticipate Avnet's stock price to reach $45.40 in the next year. This suggests a possible upside of 12.1% from the stock's current price. View Analyst Price Targets for Avnet.
What is the consensus analysts' recommendation for Avnet?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 3 hold ratings, 1 buy rating and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Avnet.
Has Avnet been receiving favorable news coverage?
News stories about AVT stock have trended positive this week, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Avnet earned a coverage optimism score of 2.5 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the immediate future. View News Stories for Avnet.
Who are some of Avnet's key competitors?
Some companies that are related to Avnet include Arrow Electronics (ARW), Ituran Location and Control Ltd. (US) (ITRN), RADA Electronic Ind. (RADA), TESSCO Technologies (TESS), VOXX International (VOXX), EACO (EACO), Richardson Electronics (RELL), CUI Global (CUI), Surge Components (SPRS), Taitron Components (TAIT), Cool (AWSM) and Cool (IFON).
What other stocks do shareholders of Avnet own?
Who are Avnet's key executives?
Avnet's management team includes the folowing people:
- Mr. William Joseph Amelio, CEO, Member of Exec. Board & Director (Age 60)
- Ms. MaryAnn G. Miller, Sr. VP, Chief HR Officer & Global Marketing & Communications and Member of Exec. Board (Age 61)
- Mr. Michael J. O'Neill, Sr. VP, Gen. Counsel, Chief Legal Officer & Member of Exec. Board (Age 62)
- Mr. Peter G. Bartolotta, Sr. VP, Chief Transformation Officer & Member of Exec. Board (Age 58)
- Mr. Thomas Liguori, CFO & Member of Exec. Board (Age 59)
Who are Avnet's major shareholders?
Avnet's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.33%), BlackRock Inc. (9.62%), BlackRock Inc. (9.87%), Pzena Investment Management LLC (6.91%), Prudential PLC (2.47%) and Russell Investments Group Ltd. (2.23%). Company insiders that own Avnet stock include Amelio J William, James A Lawrence, Kenneth A Jacobson, Kevin V Summers, Maryann G Miller and Philip R Gallagher. View Institutional Ownership Trends for Avnet.
Which major investors are selling Avnet stock?
AVT stock was sold by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, Janus Henderson Group PLC, Prudential PLC, Russell Investments Group Ltd., AXA, Pzena Investment Management LLC, Prudential Financial Inc. and Bank of Montreal Can. Company insiders that have sold Avnet company stock in the last year include James A Lawrence, Kenneth A Jacobson, Maryann G Miller and Philip R Gallagher. View Insider Buying and Selling for Avnet.
Which major investors are buying Avnet stock?
AVT stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Westfield Capital Management Co. LP, AQR Capital Management LLC, APG Asset Management N.V., JPMorgan Chase & Co., Invesco Ltd., Canada Pension Plan Investment Board and Morgan Stanley. View Insider Buying and Selling for Avnet.
How do I buy shares of Avnet?
Shares of AVT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Avnet's stock price today?
One share of AVT stock can currently be purchased for approximately $40.50.
How big of a company is Avnet?
What is Avnet's official website?
How can I contact Avnet?
Avnet's mailing address is 2211 SOUTH 47TH STREET, PHOENIX AZ, 85034. The technology company can be reached via phone at 480-643-2000 or via email at [email protected]
MarketBeat Community Rating for Avnet (NYSE AVT)
MarketBeat's community ratings are surveys of what our community members think about Avnet and other stocks. Vote "Outperform" if you believe AVT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVT will underperform the S&P 500 over the long term. You may vote once every thirty days.
