Brokers Issue Forecasts for Avnet’s Q1 Earnings (NASDAQ:AVT)

Avnet, Inc. (NASDAQ:AVT) – Analysts at Zacks Research dropped their Q1 2026 earnings per share (EPS) estimates for shares of Avnet in a research note issued to investors on Tuesday, February 11th. Zacks Research analyst R. Department now expects that the company will earn $1.11 per share for the quarter, down from their previous forecast of $1.23. The consensus estimate for Avnet’s current full-year earnings is $3.57 per share. Zacks Research also issued estimates for Avnet’s Q1 2027 earnings at $1.51 EPS, Q2 2027 earnings at $1.66 EPS and FY2027 earnings at $6.82 EPS.

Avnet (NASDAQ:AVT) last posted its earnings results on Wednesday, January 29th. The company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.01). Avnet had a net margin of 1.41% and a return on equity of 7.49%.

Other equities analysts have also recently issued research reports about the company. Truist Financial cut their price target on Avnet from $54.00 to $52.00 and set a “hold” rating for the company in a report on Thursday, January 30th. Bank of America lowered shares of Avnet from a “neutral” rating to an “underperform” rating and cut their target price for the company from $58.00 to $48.00 in a report on Thursday, January 30th.

Avnet Trading Down 0.1 %

Shares of Avnet stock opened at $49.77 on Thursday. Avnet has a twelve month low of $43.78 and a twelve month high of $59.24. The company has a quick ratio of 1.15, a current ratio of 2.39 and a debt-to-equity ratio of 0.53. The business has a 50-day moving average price of $52.56 and a 200-day moving average price of $53.28. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 1.06 and a beta of 1.13.

Hedge Funds Weigh In On Avnet

Several large investors have recently modified their holdings of the stock. Greenhaven Associates Inc. lifted its position in Avnet by 1.0% in the fourth quarter. Greenhaven Associates Inc. now owns 3,962,837 shares of the company’s stock worth $207,336,000 after buying an additional 38,185 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Avnet by 2.1% during the 4th quarter. American Century Companies Inc. now owns 3,502,425 shares of the company’s stock worth $183,247,000 after purchasing an additional 72,715 shares during the period. Pacer Advisors Inc. grew its holdings in Avnet by 11,848.6% during the 4th quarter. Pacer Advisors Inc. now owns 2,840,663 shares of the company’s stock valued at $148,623,000 after purchasing an additional 2,816,889 shares during the last quarter. Bank of New York Mellon Corp raised its position in Avnet by 4.1% in the 4th quarter. Bank of New York Mellon Corp now owns 1,116,697 shares of the company’s stock worth $58,426,000 after purchasing an additional 43,547 shares during the period. Finally, Norges Bank bought a new stake in Avnet in the fourth quarter worth about $52,924,000. Institutional investors own 95.78% of the company’s stock.

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Stockholders of record on Wednesday, December 4th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.65%. The ex-dividend date was Wednesday, December 4th. Avnet’s payout ratio is 37.39%.

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.