Avnet (NASDAQ:AVT) Updates Q2 Earnings Guidance

Avnet (NASDAQ:AVT) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.80-0.90 for the period, compared to the consensus earnings per share 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.

Avnet Stock Performance

NASDAQ:AVT opened at $57.28 on Wednesday. The company has a market capitalization of $5.01 billion, a P/E ratio of 10.07 and a beta of 1.15. The business has a fifty day simple moving average of $53.47 and a two-hundred day simple moving average of $52.56. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.32 and a quick ratio of 1.10. Avnet has a 1 year low of $42.67 and a 1 year high of $58.07.

Avnet (NASDAQ:AVT) last posted its earnings results on Thursday, August 8th. The company reported $1.22 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.27. The firm had revenue of $5.56 billion during the quarter, compared to the consensus estimate of $5.37 billion. Avnet had a net margin of 2.10% and a return on equity of 9.92%. The company’s revenue was down 15.1% on a year-over-year basis. During the same quarter last year, the company earned $2.06 earnings per share. On average, analysts expect that Avnet will post 4.57 earnings per share for the current year.

Avnet Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 11th were given a $0.33 dividend. This is a positive change from Avnet’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend was Wednesday, September 11th. Avnet’s dividend payout ratio (DPR) is 24.40%.

Analyst Upgrades and Downgrades

AVT has been the topic of a number of research analyst reports. Wells Fargo & Company upped their target price on Avnet from $40.00 to $45.00 and gave the stock an “underweight” rating in a research note on Friday, August 9th. Stifel Nicolaus raised their target price on shares of Avnet from $50.00 to $55.00 and gave the company a “hold” rating in a research note on Friday, August 9th. Finally, Truist Financial boosted their price target 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.

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.