Zacks Research Predicts Avnet’s Q4 Earnings (NASDAQ:AVT)

Avnet, Inc. (NASDAQ:AVT) – Stock analysts at Zacks Research lifted their Q4 2027 EPS estimates for shares of Avnet in a report issued on Wednesday, August 19th. Zacks Research analyst Team now expects that the company will post earnings of $2.03 per share for the quarter, up from their prior estimate of $1.83. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Avnet’s current full-year earnings is $9.66 per share. Zacks Research also issued estimates for Avnet’s FY2029 earnings at $10.15 EPS.

Avnet (NASDAQ:AVT) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share (EPS) 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 business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same quarter last year, the firm earned $0.81 EPS. The company’s revenue was up 47.7% on a year-over-year basis. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS.

Other analysts have also issued research reports about the company. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $95.00 price target on shares of Avnet in a research note on Thursday, April 30th. Bank of America upgraded shares of Avnet from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $66.00 to $96.00 in a report on Wednesday, May 13th. Wall Street Zen raised shares of Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Truist Financial boosted their price target on shares of Avnet from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Avnet from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Avnet presently has a consensus rating of “Moderate Buy” and an average target price of $93.25.

Avnet Price Performance

AVT opened at $88.34 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.78. The stock has a market capitalization of $7.25 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 0.31 and a beta of 1.09. The stock’s 50 day moving average price is $89.43 and its 200-day moving average price is $78.02. Avnet has a 52-week low of $44.25 and a 52-week high of $100.00.

Insider Transactions at Avnet

In related news, CEO Philip R. Gallagher sold 51,900 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total transaction of $5,110,074.00. Following the sale, the chief executive officer directly owned 168,923 shares of the company’s stock, valued at $16,632,158.58. This trade represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.

Institutional Trading of Avnet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sigma Planning Corp purchased a new position in Avnet during the second quarter valued at approximately $1,478,000. Alyeska Investment Group L.P. bought a new stake in shares of Avnet during the 2nd quarter valued at $20,123,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Avnet by 28.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 364,575 shares of the company’s stock valued at $32,382,000 after buying an additional 81,446 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Avnet by 132.9% during the 2nd quarter. Hsbc Holdings PLC now owns 130,747 shares of the company’s stock valued at $11,500,000 after buying an additional 74,620 shares in the last quarter. Finally, Beacon Pointe Advisors LLC bought a new position in Avnet in the 2nd quarter worth $255,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.