NYSE:AVT - Avnet Stock Price, Price Target & More

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

Avnet announced a quarterly dividend on Tuesday, February 6th. Stockholders of record on Tuesday, March 13th will be given a dividend of $0.19 per share on Tuesday, March 27th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, March 12th. This is a positive change from Avnet's previous quarterly dividend of $0.18. View Avnet's Dividend History.

Avnet declared that its Board of Directors has initiated a share buyback program on Saturday, November 11th 2017, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company's management believes its stock is undervalued.

Avnet (NYSE:AVT) posted its earnings results on Thursday, April, 26th. The technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.96 by $0.06. The technology company had revenue of $4.80 billion for the quarter, compared to analysts' expectations of $4.83 billion. Avnet had a positive return on equity of 8.08% and a negative net margin of 0.72%. Avnet's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.88 earnings per share. View Avnet's Earnings History.

Avnet is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for Avnet.

Avnet updated its fourth quarter earnings guidance on Thursday, April, 26th. The company provided EPS guidance of $0.91-1.01 for the period, compared to the Thomson Reuters consensus estimate of $1.01. The company issued revenue guidance of $4.65-4.95 billion, compared to the consensus revenue estimate of $4.84 billion.

8 equities research analysts have issued 1-year price objectives for Avnet's stock. Their forecasts range from $34.00 to $50.00. On average, they anticipate Avnet's stock price to reach $39.80 in the next twelve months. This suggests that the stock has a possible downside of 9.5%. View Analyst Ratings for Avnet.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Avnet in the last year. There are currently 2 sell ratings, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Some companies that are related to Avnet include Arrow Electronics (ARW), Ituran Location and Control Ltd. (US) (ITRN), TESSCO Technologies (TESS), VOXX International (VOXX), Richardson Electronics (RELL), RADA Electronic Ind. (RADA), CUI Global (CUI), EACO (EACO), Cool (IFON), Taitron Components (TAIT) and Surge Components (SPRS).

Headlines about AVT stock have trended somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Avnet earned a daily sentiment score of 0.16 on Accern's scale. They also gave news stories about the technology company an impact score of 46.21 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Avnet's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Bank of Montreal Can (0.24%), DnB Asset Management AS (0.06%), Fjarde AP Fonden Fourth Swedish National Pension Fund (0.05%), Capital One National Association (0.04%), Denali Advisors LLC (0.04%) and CenturyLink Investment Management Co (0.03%). Company insiders that own Avnet stock include Amelio J William, J Veronica Biggins, James A Lawrence, Kevin M Moriarty, Kevin V Summers, Maryann G Miller and Philip R Gallagher. View Institutional Ownership Trends for Avnet.

AVT stock was purchased by a variety of institutional investors in the last quarter, including Capital One National Association, Denali Advisors LLC, Bank of Montreal Can, Fjarde AP Fonden Fourth Swedish National Pension Fund, CenturyLink Investment Management Co, DnB Asset Management AS, IFM Investors Pty Ltd and State of Alaska Department of Revenue. Company insiders that have bought Avnet stock in the last two years include Amelio J William, James A Lawrence and Kevin M Moriarty. View Insider Buying and Selling for 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.

One share of AVT stock can currently be purchased for approximately $44.00.

Avnet has a market capitalization of $4.63 billion and generates $17.44 billion in revenue each year. The technology company earns $525.27 million in net income (profit) each year or $3.24 on an earnings per share basis. Avnet employs 15,700 workers across the globe.

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]