Avnet (NASDAQ:AVT) Issues Q1 2027 Earnings Guidance

Avnet (NASDAQ:AVT) issued an update on its first quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share 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 Price Performance

Shares of AVT stock opened at $92.53 on Wednesday. The stock has a 50-day moving average price of $87.72 and a 200 day moving average price of $74.70. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50. The firm has a market cap of $7.59 billion, a price-to-earnings ratio of 36.00, a PEG ratio of 0.28 and a beta of 1.09. Avnet has a 12 month low of $44.25 and a 12 month high of $95.26.

Avnet (NASDAQ:AVT) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.48. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The firm had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $7.56 billion. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Research analysts expect that Avnet will post 5.12 EPS for the current year.

Avnet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Wednesday, June 3rd were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Wednesday, June 3rd. Avnet’s payout ratio is 54.47%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Avnet from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Truist Financial lifted their target price on shares of Avnet to $95.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company upped their target price on shares of Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Weiss Ratings downgraded Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, July 28th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $95.00 price target on shares of Avnet in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Avnet has an average rating of “Hold” and a consensus price target of $89.50.

Institutional Investors Weigh In On Avnet

Hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in shares of Avnet in the 4th quarter valued at $223,000. Intech Investment Management LLC acquired a new stake in Avnet during the 3rd quarter worth $223,000. Quadrature Capital Ltd acquired a new stake in Avnet during the 4th quarter worth $208,000. CIBC Private Wealth Group LLC lifted its holdings in Avnet by 15.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,329 shares of the company’s stock worth $208,000 after acquiring an additional 569 shares in the last quarter. Finally, Mangrove Partners IM LLC bought a new position in Avnet during the fourth quarter worth about $202,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

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.