Avnet (NASDAQ:AVT) Releases Q2 Earnings Guidance

Avnet (NASDAQ:AVT) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.80-0.90 for the period, compared to the consensus estimate of $1.01. The company issued revenue guidance of $5.40-5.70 billion, compared to the consensus revenue estimate of $5.50 billion. Avnet also updated its Q2 2025 guidance to 0.800-0.900 EPS.

Avnet Stock Performance

Shares of AVT opened at $54.54 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.10 and a debt-to-equity ratio of 0.48. Avnet has a 12 month low of $42.67 and a 12 month high of $59.24. The firm has a fifty day simple moving average of $53.50 and a 200 day simple moving average of $52.66. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 14.28 and a beta of 1.15.

Avnet (NASDAQ:AVT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Avnet had a return on equity of 8.46% and a net margin of 1.51%. The business’s quarterly revenue was down 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 earnings per share. Research analysts forecast that Avnet will post 4.57 EPS for the current fiscal year.

Avnet Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Avnet’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, September 11th. Avnet’s dividend payout ratio (DPR) is presently 34.56%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AVT shares. Wells Fargo & Company raised their price objective on shares of Avnet from $40.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday, August 9th. Stifel Nicolaus boosted their price target on Avnet from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Truist Financial increased their price objective on Avnet from $48.00 to $52.00 and gave the stock a “hold” rating in a research report on Friday, August 9th.

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.