Avnet (AVT) Expected to Release Earnings on Wednesday

Avnet (NASDAQ:AVT) is expected to issue its Q1 2027 results before the market opens on Wednesday, November 4th. Analysts expect Avnet to announce earnings of $2.88 per share and revenue of $9.22 billion for the quarter. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Individuals can check the company’s upcoming Q1 2027 earnings overview page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 11:00 AM ET.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, August 5th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $1.80 by $0.48. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The company had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $7.56 billion. During the same period in the previous year, the company earned $0.81 EPS. The business’s revenue for the quarter was up 47.7% compared to the same quarter last year. On average, analysts expect Avnet to post $10.45 EPS for the current fiscal year and $11.22 EPS for the next fiscal year.

Avnet Stock Performance

Shares of Avnet stock opened at $86.24 on Tuesday. The company has a 50 day moving average of $94.74 and a 200-day moving average of $80.93. Avnet has a 1-year low of $44.25 and a 1-year high of $108.63. The company has a current ratio of 1.78, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. The company has a market cap of $7.09 billion, a PE ratio of 21.61, a price-to-earnings-growth ratio of 0.29 and a beta of 1.06.

Avnet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.7%. This is a positive change from Avnet’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Wednesday, September 9th. Avnet’s payout ratio is 37.09%.

Insiders Place Their Bets

In other Avnet news, SVP Michael Ryan Mccoy sold 32,052 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total value of $2,919,937.20. Following the transaction, the senior vice president directly owned 76,674 shares of the company’s stock, valued at approximately $6,985,001.40. The trade was a 29.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip Gallagher sold 51,900 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total transaction of $5,110,074.00. Following the transaction, the chief executive officer owned 168,923 shares in the company, valued at $16,632,158.58. The trade was a 23.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 17th. Wells Fargo & Company raised their target price on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Monday, July 20th. Weiss Ratings upgraded Avnet from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, October 9th. Truist Financial boosted their price target on Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Zacks Research cut Avnet from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Avnet currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.25.

About Avnet

Avnet, Inc is a global technology distributor that helps manufacturers and design engineers source electronic components and develop products. The company supplies semiconductors, embedded processors, memory, connectivity products, sensors, power-management components and other electronic parts used in industrial, automotive, communications, computing, aerospace and defense applications.

In addition to component distribution, Avnet provides engineering and design services, supply-chain management, product customization, logistics, and technical support.