Avnet (NASDAQ:AVT) Releases Q1 2027 Earnings Guidance

Avnet (NASDAQ:AVT) issued an update on its first quarter 2027 earnings guidance on Wednesday. The company provided EPS guidance of 2.800-2.900 for the period, compared to the consensus EPS estimate of 1.840. The company issued revenue guidance of $9.0 billion-$9.3 billion, compared to the consensus revenue estimate of $7.6 billion.

Avnet Stock Down 1.2%

NASDAQ AVT traded down $1.13 on Friday, hitting $95.67. 781,203 shares of the stock were exchanged, compared to its average volume of 1,239,764. The company has a market cap of $7.85 billion, a PE ratio of 24.06, a PEG ratio of 0.31 and a beta of 1.09. The company has a 50-day moving average price of $88.12 and a 200-day moving average price of $75.35. The company has a quick ratio of 1.05, a current ratio of 1.78 and a debt-to-equity ratio of 0.49. Avnet has a fifty-two week low of $44.25 and a fifty-two week high of $100.00.

Avnet (NASDAQ:AVT) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.48. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $7.56 billion. During the same quarter in the prior year, the business earned $0.81 EPS. Avnet’s quarterly revenue was up 47.7% compared to the same quarter last year. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Sell-side analysts anticipate that Avnet will post 7.3 EPS for the current fiscal year.

Avnet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. Avnet’s dividend payout ratio (DPR) is 54.47%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America raised shares of Avnet from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $96.00 in a research report on Wednesday, May 13th. Truist Financial raised their target price on Avnet from $95.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company raised their price objective on shares of Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a research note on Monday, July 20th. Wall Street Zen raised shares of Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $95.00 price target on shares of Avnet in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $93.25.

Institutional Investors Weigh In On Avnet

Several institutional investors have recently bought and sold shares of AVT. Summit Securities Group LLC purchased a new stake in Avnet in the 4th quarter worth about $28,000. BOKF NA lifted its position in Avnet by 1,116.7% in the third quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after purchasing an additional 536 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Avnet during the fourth quarter valued at approximately $90,000. EverSource Wealth Advisors LLC lifted its position in shares of Avnet by 81.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,918 shares of the company’s stock worth $102,000 after purchasing an additional 863 shares during the period. Finally, Quarry LP lifted its stake in shares of Avnet by 6,080.5% in the 4th quarter. Quarry LP now owns 2,534 shares of the company’s stock valued at $122,000 after purchasing an additional 2,493 shares during the period. Institutional investors own 95.78% of the company’s stock.

About Avnet

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.