Zacks Research Issues Optimistic Forecast for Avnet Earnings

Avnet, Inc. (NASDAQ:AVT) – Equities research analysts at Zacks Research increased their Q1 2027 EPS estimates for shares of Avnet in a research report issued to clients and investors on Wednesday, May 13th. Zacks Research analyst Team now expects that the company will post earnings of $1.53 per share for the quarter, up from their previous estimate of $1.37. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for Avnet’s current full-year earnings is $4.92 per share. Zacks Research also issued estimates for Avnet’s Q2 2027 earnings at $1.74 EPS, Q3 2027 earnings at $1.55 EPS, Q4 2027 earnings at $1.83 EPS, FY2027 earnings at $6.65 EPS, Q1 2028 earnings at $1.85 EPS, Q2 2028 earnings at $1.89 EPS, Q3 2028 earnings at $1.66 EPS and FY2028 earnings at $7.19 EPS.

Several other research firms have also recently commented on AVT. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $95.00 target price on shares of Avnet in a research note on Thursday, April 30th. Weiss Ratings cut Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Bank of America raised Avnet from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $66.00 to $96.00 in a research report on Wednesday. Wall Street Zen lowered Avnet from a “strong-buy” rating to a “buy” rating in a research note on Sunday, May 10th. Finally, Wells Fargo & Company increased their target price on Avnet from $60.00 to $70.00 and gave the stock an “underweight” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $89.00.

Avnet Stock Performance

NASDAQ:AVT opened at $86.67 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.05. The firm has a market cap of $7.11 billion, a PE ratio of 33.72, a P/E/G ratio of 0.62 and a beta of 1.09. The firm has a 50 day simple moving average of $69.10 and a 200-day simple moving average of $58.78. Avnet has a 1-year low of $44.25 and a 1-year high of $87.46.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.15. The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.45 billion. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The firm’s revenue for the quarter was up 34.0% compared to the same quarter last year. During the same period last year, the company earned $0.84 EPS. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP purchased a new stake in shares of Avnet during the 3rd quarter worth about $616,000. Candriam S.C.A. purchased a new position in Avnet in the third quarter valued at approximately $2,064,000. Vanguard Group Inc. raised its holdings in Avnet by 2.0% in the third quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock valued at $563,738,000 after buying an additional 214,290 shares during the period. Bessemer Group Inc. lifted its position in Avnet by 7,002.0% during the third quarter. Bessemer Group Inc. now owns 28,053 shares of the company’s stock valued at $1,466,000 after buying an additional 27,658 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Avnet by 27.1% during the third quarter. Citigroup Inc. now owns 103,509 shares of the company’s stock worth $5,411,000 after buying an additional 22,063 shares during the period. Institutional investors and hedge funds own 95.78% of the company’s stock.

Insider Buying and Selling at Avnet

In other news, CEO Philip R. Gallagher sold 23,920 shares of the business’s stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $82.92, for a total transaction of $1,983,446.40. Following the completion of the sale, the chief executive officer directly owned 145,003 shares of the company’s stock, valued at $12,023,648.76. The trade was a 14.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is currently owned by company insiders.

Avnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Shareholders of record on Wednesday, March 4th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.40 dividend on an annualized basis and a yield of 1.6%. Avnet’s dividend payout ratio (DPR) is currently 54.47%.

Avnet Company Profile

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.