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

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

Avnet declared a quarterly dividend on Tuesday, February 6th. Investors 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 yield of 1.73%. The ex-dividend date of this dividend is Monday, March 12th. This is a boost 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 plan on Saturday, November 11th 2017, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often a sign that the company's leadership believes its stock is undervalued.

Avnet (NYSE:AVT) issued its quarterly earnings results on Thursday, April, 26th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.96 by $0.06. The technology company earned $4.80 billion during the quarter, compared to the consensus estimate of $4.83 billion. Avnet had a negative net margin of 0.72% and a positive return on equity of 8.08%. The business's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business earned $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 issued an update on 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 earnings per share 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 brokerages have issued 1-year price objectives for Avnet's shares. Their predictions range from $34.00 to $50.00. On average, they anticipate Avnet's stock price to reach $39.80 in the next year. This suggests that the stock has a possible downside of 9.4%. 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 negative on Monday, according to Accern Sentiment Analysis. The research group scores the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Avnet earned a coverage optimism score of -0.13 on Accern's scale. They also assigned media coverage about the technology company an impact score of 45.35 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

Avnet's stock is owned by many different of retail and institutional investors. Top institutional investors 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 bought 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 $43.93.

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]