About Avnet (NYSE:AVT)
Avnet, 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: Computer and Technology
- Industry: Electronic Equipment & Parts
- Sub-Industry: Technology Distributors
- Symbol: NYSE:AVT
- CUSIP: 05380710
- Web: www.avnet.com
Capitalization:- Market Cap: $5 billion
- Outstanding Shares: 123,063,000
Average Prices:- 50 Day Moving Avg: $39.33
- 200 Day Moving Avg: $39.08
- 52 Week Range: $35.67 - $51.50
P/E:- Trailing P/E Ratio: 9.93
- Foreward P/E Ratio: 10.88
- P/E Growth: 1.43
Sales & Book Value:- Annual Revenue: $17.44 billion
- Price / Sales: 0.29
- Book Value: $42.11 per share
- Price / Book: 0.96
Dividend:- Annual Dividend: $0.72
- Dividend Yield: 1.8%
Profitability:- EBITDA: $738.16 million
- Net Margins: 3.00%
- Return on Equity: 8.87%
- Return on Assets: 4.00%
Debt:- Debt-to-Equity Ratio: 0.33%
- Current Ratio: 3.07%
- Quick Ratio: 1.92%
Misc:- Average Volume: 915,286 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. Shareholders 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 yield of 1.77%. The ex-dividend date of this dividend is Friday, September 1st. View Avnet's Dividend History.
How will Avnet's stock buyback program work?
Avnet declared that its board has approved a share buyback program on Tuesday, April 11th 2017, which allows the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.
How were Avnet's earnings last quarter?
Avnet, Inc. (NYSE:AVT) posted its quarterly earnings data on Wednesday, August, 9th. The company reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.07. The firm had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.48 billion. Avnet had a net margin of 3.00% and a return on equity of 8.87%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $0.86 EPS. View Avnet's Earnings History.
When will Avnet make its next earnings announcement?
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 (EPS) guidance of $0.67-0.77 for the period, compared to the Thomson Reuters consensus EPS 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 equities research analysts have issued 12 month price targets for Avnet's stock. Their forecasts range from $31.00 to $43.00. On average, they anticipate 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?
Some companies that are related to Avnet include Juniper Networks (JNPR), Amdocs Limited (DOX), LG Display Co. (LPL), Flextronics International (FLEX), CoStar Group (CSGP), TIM Participacoes S.A. (TSU), CDK Global (CDK), Marvell Technology Group (MRVL), Zayo Group Holdings (ZAYO), Qorvo (QRVO), Akamai Technologies (AKAM), Open Text Corporation (OTEX), Splunk (SPLK), Shopify (SHOP), SS&C Technologies Holdings (SSNC), Sensata Technologies Holding N.V. (ST), Veeva Systems (VEEV) and ON Semiconductor Corporation (ON).
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
Who owns Avnet stock?
Avnet's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Diamond Hill Capital Management Inc. (0.93%), Assenagon Asset Management S.A. (0.14%), Mutual of America Capital Management LLC (0.11%), APG Asset Management N.V. (0.08%), State Treasurer State of Michigan (0.04%) and PGGM Investments (0.03%). Company insiders that own Avnet stock include J Veronica Biggins, James A Lawrence, Kevin M Moriarty and Maryann G Miller. View Institutional Ownership Trends for Avnet.
Who sold Avnet stock? Who is selling Avnet stock?
Avnet's stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, State Treasurer State of Michigan and Mutual of America Capital Management LLC. Company insiders that have sold Avnet stock in the last year include J Veronica Biggins and Maryann G Miller. View Insider Buying and Selling for Avnet.
Who bought Avnet stock? Who is buying Avnet stock?
Avnet's stock was acquired by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Assenagon Asset Management S.A., APG Asset Management N.V. and Alpha Windward LLC. Company insiders that have bought Avnet stock in the last two years include James A Lawrence and Kevin M Moriarty. View Insider Buying and Selling for Avnet.
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 $40.59.
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 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.
Consensus Ratings for Avnet (NYSE:AVT) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 3 Sell Ratings, 4 Hold Ratings |
| Consensus Rating: | Hold (Score: 1.57) |
| Consensus Price Target: | $38.40 (5.40% downside) |
Consensus Price Target History for Avnet (NYSE:AVT)
Analysts' Ratings History for Avnet (NYSE:AVT)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 8/10/2017 | Deutsche Bank AG | Reiterated Rating | Hold | $40.00 -> $39.00 | Medium |  |
| 7/14/2017 | Bank of America Corporation | Downgrade | Neutral -> Underperform | $44.00 -> $40.00 | Medium | |
| 4/28/2017 | Citigroup Inc. | Reiterated Rating | Sell | $31.00 | High | |
| 4/28/2017 | Longbow Research | Downgrade | Buy -> Neutral | | High | |
| 4/28/2017 | SunTrust Banks, Inc. | Downgrade | Buy -> Hold | $53.00 -> $39.00 | High | |
| 3/1/2017 | Goldman Sachs Group, Inc. (The) | Downgrade | Neutral -> Sell | $47.00 -> $43.00 | N/A | |
| 1/3/2017 | Brean Capital | Reiterated Rating | Hold | | N/A | |
| 10/4/2016 | Raymond James Financial, Inc. | Upgrade | Outperform -> Strong-Buy | $52.00 | N/A | |
| 9/20/2016 | Cross Research | Downgrade | Hold -> Sell | | N/A | |
| 9/20/2016 | Stifel Nicolaus | Downgrade | Buy -> Hold | $47.00 -> $44.00 | N/A | |
(Data available from 10/23/2015 forward)
Earnings History for Avnet (NYSE:AVT)Earnings History by Quarter for Avnet (NYSE AVT)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 10/25/2017 | | $0.71 | | | | | N/A | |
| 8/9/2017 | Q4 2017 | $0.77 | $0.84 | $4.48 billion | $4.61 billion | View | Listen | |
| 4/27/2017 | Q3 2017 | $0.86 | $0.88 | $4.46 billion | $4.44 billion | View | N/A | |
| 1/26/2017 | Q217 | $0.75 | $0.77 | $4.38 billion | $4.27 billion | View | N/A | |
| 10/27/2016 | Q117 | $0.90 | $0.91 | $6.10 billion | $6.04 billion | View | Listen | |
| 8/10/2016 | Q416 | $0.88 | $0.86 | $6.21 billion | $6.20 billion | View | Listen | |
| 4/28/2016 | Q316 | $0.98 | $1.01 | $6.31 billion | $6.17 billion | View | Listen | |
| 1/28/2016 | Q216 | $1.25 | $1.22 | $7.25 billion | $6.85 billion | View | Listen | |
| 10/29/2015 | Q1 | $1.03 | $1.12 | $6.74 billion | $6.97 billion | View | Listen | |
| 8/5/2015 | Q415 | $1.08 | $1.16 | $6.90 billion | $6.80 billion | View | N/A | |
| 4/23/2015 | Q315 | $1.09 | $1.04 | $6.87 billion | $6.74 billion | View | N/A | |
| 1/22/2015 | Q215 | $1.20 | $1.27 | $7.35 billion | $7.55 billion | View | N/A | |
| 10/23/2014 | Q115 | $0.97 | $1.02 | $6.71 billion | $6.84 billion | View | Listen | |
| 8/6/2014 | Q414 | $1.10 | $1.14 | $6.94 billion | $7.05 billion | View | N/A | |
| 4/24/2014 | Q314 | $1.07 | $1.03 | $6.93 billion | $6.68 billion | View | N/A | |
| 1/22/2014 | Q214 | $1.10 | $1.17 | $6.97 billion | $7.42 billion | View | N/A | |
| 10/24/2013 | Q214 | $0.88 | $0.90 | $6.38 billion | $6.35 billion | View | Listen | |
| 8/7/2013 | Q4 2013 | $0.96 | $0.98 | $6.48 billion | $6.59 billion | View | N/A | |
| 4/25/2013 | Q3 2013 | $0.87 | $0.90 | $6.21 billion | $6.30 billion | View | Listen | |
| 1/24/2013 | Q2 2013 | $0.83 | $1.01 | $6.24 billion | $6.70 billion | View | N/A | |
| 10/25/2012 | | $0.60 | $0.59 | | | View | N/A | |
| 8/8/2012 | | $1.08 | $0.99 | | | View | N/A | |
| 4/26/2012 | | $0.99 | $1.03 | | | View | N/A | |
| 1/26/2012 | | $1.04 | $1.15 | | | View | N/A | |
| 10/27/2011 | | $0.92 | $0.90 | | | View | N/A | |
| 4/28/2011 | | $0.99 | $1.10 | | | View | N/A | |
| 1/27/2011 | | $1.04 | $1.07 | | | View | N/A | |
(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
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2017 | 2 | $0.89 | $0.91 | $0.90 |
| Q2 2017 | 2 | $0.74 | $1.13 | $0.94 |
| Q3 2017 | 2 | $0.73 | $0.85 | $0.79 |
| Q4 2017 | 3 | $0.82 | $1.18 | $0.98 |
| Q1 2018 | 3 | $0.72 | $0.99 | $0.87 |
| Q2 2018 | 2 | $0.81 | $0.89 | $0.85 |
| Q3 2018 | 3 | $0.92 | $1.07 | $1.00 |
| Q4 2018 | 2 | $0.98 | $1.12 | $1.05 |
| Q1 2019 | 1 | $1.01 | $1.01 | $1.01 |
| Q2 2019 | 1 | $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)
21.95% (Based on This Year's Estimates)
19.30% (Based on Next Year's Estimates)
|
| Track Record: | 3 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Avnet (NYSE AVT)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/11/2017 | quarterly | $0.18 | 1.95% | 9/1/2017 | 9/6/2017 | 9/15/2017 |
| 5/11/2017 | quarterly | $0.18 | 1.92% | 6/2/2017 | 6/6/2017 | 6/19/2017 |
| 2/28/2017 | quarterly | $0.18 | 1.53% | 3/10/2017 | 3/14/2017 | 3/28/2017 |
| 11/11/2016 | quarterly | $0.17 | | | 12/6/2016 | 12/19/2016 |
| 8/12/2016 | quarterly | $0.17 | 1.63% | 9/2/2016 | 9/7/2016 | 9/16/2016 |
| 5/13/2016 | quarterly | $0.17 | 1.72% | 6/3/2016 | 6/7/2016 | 6/20/2016 |
| 2/12/2016 | quarterly | $0.17 | 1.7% | 2/26/2016 | 3/1/2016 | 3/14/2016 |
| 11/13/2015 | quarterly | $0.17 | 1.51% | 11/27/2015 | 12/1/2015 | 12/14/2015 |
| 8/14/2015 | quarterly | $0.17 | 1.58% | 9/4/2015 | 9/9/2015 | 9/18/2015 |
| 5/15/2015 | quarterly | $0.16 | 1.4% | 5/29/2015 | 6/2/2015 | 6/15/2015 |
| 2/13/2015 | quarterly | $0.16 | 1.41% | 2/27/2015 | 3/3/2015 | 3/16/2015 |
| 11/7/2014 | quarterly | $0.16 | 1.47% | 11/28/2014 | 12/2/2014 | 12/15/2014 |
| 8/8/2014 | quarterly | $0.16 | 1.56% | 9/4/2014 | 9/8/2014 | 9/19/2014 |
| 5/12/2014 | quarterly | $0.15 | 1.4% | 5/30/2014 | 6/3/2014 | 6/16/2014 |
| 2/14/2014 | quarterly | $0.15 | 1.37% | 2/28/2014 | 3/4/2014 | 3/17/2014 |
| 11/7/2013 | quarterly | $0.15 | 1.49% | 11/29/2013 | 12/3/2013 | 12/16/2013 |
| 8/12/2013 | quarterly | $0.15 | | | 9/10/2013 | 9/20/2013 |
(Data available from 1/1/2013 forward)
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)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 8/17/2017 | J Veronica Biggins | Director | Sell | 10,600 | $37.10 | $393,260.00 | |
| 6/2/2017 | James A Lawrence | Director | Buy | 408,451 | $36.99 | $15,108,602.49 | |
| 5/18/2017 | Kevin M. Moriarty | CFO | Buy | 6,933 | $36.08 | $250,142.64 | |
| 3/1/2017 | Maryann G. Miller | Insider | Sell | 5,000 | $47.00 | $235,000.00 | |
| 9/10/2015 | James A Lawrence | Director | Buy | 46,700 | $42.60 | $1,989,420.00 | |
| 9/9/2015 | Maryann G Miller | SVP | Sell | 9,562 | $42.45 | $405,906.90 | |
| 2/25/2015 | Steven R Phillips | SVP | Sell | 6,455 | $46.30 | $298,866.50 | |
| 2/18/2015 | Steven R Phillips | SVP | Sell | 3,154 | $45.16 | $142,434.64 | |
| 11/14/2014 | Steven R Phillips | SVP | Sell | 5,474 | $42.88 | $234,725.12 | |
| 11/7/2014 | Gerard Fay | SVP | Sell | 2,420 | $43.60 | $105,512.00 | |
| 8/11/2014 | James A Lawrence | Director | Buy | 191,000 | $41.43 | $7,913,130.00 | |
| 5/6/2014 | Steven Phillips | SVP | Sell | 12,398 | $42.15 | $522,575.70 | |
| 4/29/2014 | Gerard Fay | SVP | Sell | 3,036 | $42.96 | $130,426.56 | |
| 4/7/2014 | Richard Hamada | CEO | Sell | 9,856 | $46.07 | $454,065.92 | |
| 3/4/2014 | Ray Robinson | Director | Sell | 3,800 | $43.38 | $164,844.00 | |
| 1/30/2014 | Frank Noonan | Director | Sell | 3,003 | $41.23 | $123,813.69 | |
| 11/15/2013 | Harley Feldberg | SVP | Sell | 11,500 | $42.00 | $483,000.00 | |
| 11/12/2013 | Richard Hamada | CEO | Sell | 15,843 | $40.97 | $649,087.71 | |
| 10/31/2013 | Ray M Robinson | Director | Sell | 2,300 | $40.00 | $92,000.00 | |
| 10/30/2013 | Harley Feldberg | SVP | Sell | 12,171 | $40.00 | $486,840.00 | |
| 8/28/2013 | Maryann Miller | VP | Sell | 11,000 | $39.13 | $430,430.00 | |
| 8/23/2013 | Gerard Fay | VP | Sell | 1,367 | $39.44 | $53,914.48 | |
| 8/20/2013 | Harley Feldberg | SVP | Sell | 29,000 | $39.72 | $1,151,880.00 | |
| 8/19/2013 | Steven Phillips | SVP | Sell | 5,433 | $39.00 | $211,887.00 | |
| 8/16/2013 | Ray Robinson | Director | Sell | 1,025 | $38.79 | $39,759.75 | |
| 8/15/2013 | Philip Gallagher | SVP | Sell | 8,300 | $39.05 | $324,115.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Avnet (NYSE:AVT)
Latest Headlines for Avnet (NYSE:AVT)
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Avnet (AVT) Chart for Monday, October, 23, 2017
