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: 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?

Avnet is scheduled to release their next quarterly earnings announcement on Thursday, October, 26th 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 (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?

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)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  182 (Vote Outperform)
Underperform Votes:  226 (Vote Underperform)
Total Votes:  408
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 (5.40% downside)
Consensus Price Target History for Avnet (NYSE:AVT)
Price Target History for Avnet (NYSE:AVT)
Analysts' Ratings History for Avnet (NYSE:AVT)
Show:
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 10/23/2015 forward)

Earnings

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)

Estimates

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)

Dividends

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 Payments by Quarter for Avnet (NYSE:AVT)

Dividend History by Quarter for Avnet (NYSE AVT)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/11/2017quarterly$0.181.95%9/1/20179/6/20179/15/2017
5/11/2017quarterly$0.181.92%6/2/20176/6/20176/19/2017
2/28/2017quarterly$0.181.53%3/10/20173/14/20173/28/2017
11/11/2016quarterly$0.1712/6/201612/19/2016
8/12/2016quarterly$0.171.63%9/2/20169/7/20169/16/2016
5/13/2016quarterly$0.171.72%6/3/20166/7/20166/20/2016
2/12/2016quarterly$0.171.7%2/26/20163/1/20163/14/2016
11/13/2015quarterly$0.171.51%11/27/201512/1/201512/14/2015
8/14/2015quarterly$0.171.58%9/4/20159/9/20159/18/2015
5/15/2015quarterly$0.161.4%5/29/20156/2/20156/15/2015
2/13/2015quarterly$0.161.41%2/27/20153/3/20153/16/2015
11/7/2014quarterly$0.161.47%11/28/201412/2/201412/15/2014
8/8/2014quarterly$0.161.56%9/4/20149/8/20149/19/2014
5/12/2014quarterly$0.151.4%5/30/20146/3/20146/16/2014
2/14/2014quarterly$0.151.37%2/28/20143/4/20143/17/2014
11/7/2013quarterly$0.151.49%11/29/201312/3/201312/16/2013
8/12/2013quarterly$0.159/10/20139/20/2013
(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)

Headlines

Headline Trends for Avnet (NYSE:AVT)
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Avnet (AVT) Chart for Monday, October, 23, 2017

This page was last updated on 10/23/2017 by MarketBeat.com Staff

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