Avnet (NASDAQ:AVT) Releases Q2 Earnings Guidance

Avnet (NASDAQ:AVT) issued an update on its second quarter earnings guidance on Wednesday morning. 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.

Wall Street Analyst Weigh In

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

Avnet Trading Up 0.6 %

Shares of NASDAQ AVT traded up $0.33 during midday trading on Friday, reaching $54.54. 850,467 shares of the stock were exchanged, compared to its average volume of 599,851. Avnet has a 12 month low of $42.67 and a 12 month high of $59.24. The company has a market capitalization of $4.77 billion, a price-to-earnings ratio of 14.28 and a beta of 1.15. 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 business has a 50-day simple moving average of $53.50 and a two-hundred day simple moving average of $52.66.

Avnet (NASDAQ:AVT) last posted its earnings results on Wednesday, October 30th. The company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.06. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Avnet had a return on equity of 8.46% and a net margin of 1.51%. The company’s revenue was down 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 earnings per share. As a group, equities research analysts expect that Avnet will post 4.57 EPS for the current year.

Avnet Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were issued a dividend of $0.33 per share. This is an increase from Avnet’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 2.42%. The ex-dividend date was Wednesday, September 11th. Avnet’s dividend payout ratio (DPR) is 34.56%.

Avnet Company Profile

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.