Avnet (NASDAQ:AVT) Updates Q2 Earnings Guidance

Avnet (NASDAQ:AVT) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.80-0.90 for the period, compared to the consensus EPS estimate of $1.01. The company issued revenue guidance of $5.40-5.70 billion, compared to the consensus revenue estimate of $5.50 billion. Avnet also updated its Q2 2025 guidance to 0.800-0.900 EPS.

Analysts Set New Price Targets

Several analysts have recently issued reports on AVT shares. Stifel Nicolaus upped their price target on Avnet from $50.00 to $55.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Wells Fargo & Company increased their price target on Avnet from $40.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, August 9th. Finally, Truist Financial boosted their price objective on shares of Avnet from $48.00 to $52.00 and gave the stock a “hold” rating in a research note on Friday, August 9th.

Avnet Price Performance

Shares of Avnet stock traded up $0.33 during trading on Friday, hitting $54.54. 850,467 shares of the company’s stock traded hands, compared to its average volume of 599,851. Avnet has a twelve month low of $42.67 and a twelve month high of $59.24. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.25 and a quick ratio of 1.10. The company has a market cap of $4.77 billion, a PE ratio of 14.28 and a beta of 1.15. The firm’s fifty day moving average price is $53.50 and its 200 day moving average price is $52.66.

Avnet (NASDAQ:AVT) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.06. Avnet had a return on equity of 8.46% and a net margin of 1.51%. The firm had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same period in the prior year, the company posted $1.61 earnings per share. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. Analysts forecast that Avnet will post 4.57 earnings per share for the current year.

Avnet Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.42%. The ex-dividend date of this dividend was Wednesday, September 11th. This is a boost from Avnet’s previous quarterly dividend of $0.31. Avnet’s dividend payout ratio is presently 34.56%.

About Avnet

Avnet, Inc, distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers.