What is Zacks Research’s Forecast for Avnet FY2025 Earnings?

Avnet, Inc. (NASDAQ:AVT) – Equities research analysts at Zacks Research lowered their FY2025 earnings per share (EPS) estimates for Avnet in a research note issued to investors on Wednesday, May 14th. Zacks Research analyst R. Department now expects that the company will post earnings of $3.35 per share for the year, down from their previous forecast of $3.45. The consensus estimate for Avnet’s current full-year earnings is $3.41 per share. Zacks Research also issued estimates for Avnet’s Q1 2026 earnings at $0.96 EPS, Q3 2026 earnings at $1.45 EPS and Q1 2027 earnings at $1.46 EPS.

Avnet (NASDAQ:AVT) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Avnet had a return on equity of 7.49% and a net margin of 1.41%. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 EPS.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company reduced their price target on Avnet from $45.00 to $43.00 and set an “underweight” rating for the company in a research report on Thursday, May 1st. Bank of America lowered Avnet from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $58.00 to $48.00 in a report on Thursday, January 30th. Finally, Truist Financial lowered their price target on shares of Avnet from $52.00 to $50.00 and set a “hold” rating on the stock in a report on Thursday, May 1st.

Avnet Trading Up 0.6%

Shares of AVT stock opened at $51.88 on Friday. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 14.70, a PEG ratio of 1.13 and a beta of 0.98. The company’s fifty day simple moving average is $48.08 and its two-hundred day simple moving average is $51.09. Avnet has a 1 year low of $39.22 and a 1 year high of $59.24. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.39 and a quick ratio of 1.15.

Hedge Funds Weigh In On Avnet

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Legacy Advisors LLC bought a new stake in shares of Avnet during the 1st quarter worth $26,000. GeoWealth Management LLC bought a new stake in Avnet during the fourth quarter worth about $31,000. Synergy Investment Management LLC purchased a new position in shares of Avnet in the 4th quarter worth about $38,000. Natixis increased its position in shares of Avnet by 1,463.8% during the 4th quarter. Natixis now owns 735 shares of the company’s stock valued at $38,000 after purchasing an additional 688 shares during the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in shares of Avnet by 43.0% during the 1st quarter. TD Private Client Wealth LLC now owns 818 shares of the company’s stock valued at $39,000 after buying an additional 246 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Insider Buying and Selling

In related news, VP Elizabeth Mcmullen sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $52.80, for a total value of $211,200.00. Following the transaction, the vice president now directly owns 14,626 shares in the company, valued at approximately $772,252.80. This represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is currently owned by company insiders.

Avnet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a $0.33 dividend. The ex-dividend date is Wednesday, June 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.54%. Avnet’s dividend payout ratio (DPR) is presently 36.97%.

About Avnet

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.