Avnet (NASDAQ:AVT – Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $1.11 per share for the quarter. Avnet has set its Q3 guidance at $1.05-1.15 EPS and its Q3 2024 guidance at 1.050-1.150 EPS.Parties that wish to register for the company’s conference call can do so using this link.
Avnet (NASDAQ:AVT – Get Free Report) last announced its quarterly earnings results on Wednesday, January 31st. The company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.01. Avnet had a net margin of 2.62% and a return on equity of 13.60%. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.15 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. On average, analysts expect Avnet to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Avnet Stock Performance
Shares of AVT opened at $48.47 on Wednesday. Avnet has a 1 year low of $39.64 and a 1 year high of $51.65. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 6.69, a price-to-earnings-growth ratio of 0.62 and a beta of 1.24. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.05 and a current ratio of 2.34. The firm has a fifty day moving average of $47.32 and a 200-day moving average of $47.32.
Avnet Dividend Announcement
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group cut their price objective on shares of Avnet from $48.00 to $42.00 and set a “sell” rating on the stock in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.50.
View Our Latest Research Report on Avnet
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.
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