Zacks Research Estimates Avnet’s Q1 Earnings (NASDAQ:AVT)

Avnet, Inc. (NASDAQ:AVT) – Investment analysts at Zacks Research cut their Q1 2026 earnings per share (EPS) estimates for shares of Avnet in a research note issued on Wednesday, August 20th. Zacks Research analyst Team now forecasts that the company will earn $0.80 per share for the quarter, down from their prior forecast of $0.95. The consensus estimate for Avnet’s current full-year earnings is $3.41 per share. Zacks Research also issued estimates for Avnet’s Q2 2026 earnings at $1.05 EPS, Q3 2026 earnings at $1.34 EPS, Q4 2026 earnings at $1.42 EPS, Q1 2027 earnings at $1.44 EPS, Q3 2027 earnings at $1.64 EPS, Q4 2027 earnings at $1.89 EPS, FY2027 earnings at $6.59 EPS and FY2028 earnings at $7.59 EPS.

Several other research analysts also recently weighed in on the company. Bank of America increased their price target on Avnet from $48.00 to $50.00 and gave the stock an “underperform” rating in a research note on Monday, August 11th. Truist Financial increased their price target on Avnet from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company cut their price target on Avnet from $45.00 to $43.00 and set an “underweight” rating for the company in a research note on Thursday, May 1st. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $49.00.

Avnet Stock Up 5.4%

Shares of NASDAQ:AVT opened at $55.66 on Friday. The company has a market capitalization of $4.65 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 0.38 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.43 and a quick ratio of 1.16. The business has a fifty day moving average price of $53.66 and a two-hundred day moving average price of $50.78. Avnet has a 1 year low of $39.22 and a 1 year high of $59.24.

Avnet (NASDAQ:AVT) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $5.62 billion during the quarter, compared to the consensus estimate of $5.36 billion. Avnet had a return on equity of 6.07% and a net margin of 1.08%.The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 EPS.

Avnet Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Wednesday, September 17th will be issued a dividend of $0.35 per share. This is a positive change from Avnet’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Wednesday, September 17th. This represents a $1.40 dividend on an annualized basis and a yield of 2.5%. Avnet’s payout ratio is currently 48.35%.

Institutional Trading of Avnet

A number of institutional investors have recently added to or reduced their stakes in AVT. Norges Bank purchased a new stake in shares of Avnet in the 2nd quarter valued at about $51,495,000. Woodline Partners LP purchased a new stake in shares of Avnet in the 4th quarter valued at about $38,097,000. Bank of America Corp DE raised its holdings in shares of Avnet by 149.9% in the 4th quarter. Bank of America Corp DE now owns 701,957 shares of the company’s stock valued at $36,726,000 after acquiring an additional 421,098 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Avnet by 10.8% in the 1st quarter. American Century Companies Inc. now owns 3,880,865 shares of the company’s stock valued at $186,631,000 after acquiring an additional 378,440 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Avnet by 25.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,680,538 shares of the company’s stock valued at $88,312,000 after acquiring an additional 345,721 shares in the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Company Profile

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.