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Avnet (AVT)
NASDAQ:AVT
Avnet (AVT) Stock Price & Analysis
210 Followers
AVT Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$38.61 - $50.73
Previous Close$46.66
Volume421.31K
Average Volume (3M)595.07K
Market Cap
$4.22B
Enterprise Value$7.64B
Total Cash (Recent Filing)$272.85M
Total Debt (Recent Filing)$3.70B
Price to Earnings (P/E)6.5
Beta0.71
Next Earnings
May 01, 2024EPS Estimate
$1.13Last Dividend Ex-Date
Mar 05, 2024Dividend Yield2.61%
Share Statistics
EPS (TTM)7.23
Shares Outstanding90,363,645
10 Day Avg. Volume396,561
30 Day Avg. Volume595,065
Standard Deviation0.10
R-Squared0.48
Alpha-0.00579
Financial Highlights & Ratios
Price to Book (P/B)1.00
Price to Sales (P/S)0.67
Price to Cash Flow (P/CF)-24.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue0.30
Enterprise Value/Gross Profit2.40
Enterprise Value/Ebitda7.75
Forecast
1Y Price Target
$45.25Price Target Upside-3.02% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering4
Avnet News
Bulls Say, Bears Say
Bulls Say
Growth InitiativesManagement is proactively investing in growth initiatives that are expected to enhance profitability and expand margins following market recovery.
Management PerformanceManagement demonstrates strong execution capabilities even amidst global inventory adjustments and challenging market conditions.
Strategic ExecutionDespite a sluggish market environment, management's effective strategic execution positions the company for potential growth and improved performance.
Bears Say
Financial GuidanceAvnet guided FY3Q revenue and non-GAAP EPS well below Street consensus as cyclical headwinds continue to impact the company's near-term performance.
Financial PerformanceOperating margin of 3.9% was down, reflecting a decrease in profitability.
Sales PerformanceRevenue in the core Electronic Components business decreased, indicating a slump in sales.
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Ownership Overview
3.11% Insiders
31.51% Mutual Funds
29.04% Other Institutional Investors
36.34% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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AVT FAQ
What was Avnet’s price range in the past 12 months?
Avnet lowest stock price was $38.61 and its highest was $50.73 in the past 12 months.
What is Avnet’s market cap?
Currently, no data Available
When is Avnet’s upcoming earnings report date?
Avnet’s upcoming earnings report date is May 01, 2024 which is in 8 days.
How were Avnet’s earnings last quarter?
Avnet released its earnings results on Jan 31, 2024. The company reported $1.4 earnings per share for the quarter, beating the consensus estimate of $1.399 by <$0.001.
Is Avnet overvalued?
According to Wall Street analysts Avnet’s price is currently Overvalued.
Does Avnet pay dividends?
Avnet pays a Quarterly dividend of $0.31 which represents an annual dividend yield of 2.61%. See more information on Avnet dividends here
What is Avnet’s EPS estimate?
Avnet’s EPS estimate is $1.13.
How many shares outstanding does Avnet have?
Avnet has 90,363,650 shares outstanding.
What happened to Avnet’s price movement after its last earnings report?
Avnet reported an EPS of $1.4 in its last earnings report, beating expectations of $1.399. Following the earnings report the stock price went down -5.383%.
Which hedge fund is a major shareholder of Avnet?
Among the largest hedge funds holding Avnet’s share is Pzena Investment Management LLC. It holds Avnet’s shares valued at 435M.
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Avnet Stock Smart Score
Neutral
1
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Analyst Consensus
Moderate Sell
Average Price Target:
$45.25 (-3.02% Downside)
$45.25 (-3.02% Downside)
Blogger Sentiment
Bullish
AVT Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Increased
By 1.5M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 9.0%
Last 30 Days ▼ 9.0%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
14.86%
12-Months-Change
Fundamentals
Return on Equity
14.19%
Trailing 12-Months
Asset Growth
8.95%
Trailing 12-Months
Company Description
Avnet
Avnet, Inc. engages in the distribution and sale of electronic components. It operates through the Electronics Components and Farnell segments. The Electronics Components segment markets and sells semiconductors, interconnect, passive and electromechanical devices, and integrated components. The Farnell segment involves in the distribution of electronic components and related products to the electronic system design community utilizing multi-channel sales and marketing resources. The company was founded by Charles Avnet in 1921 and is headquartered in Phoenix, AZ.
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AVT Company Deck
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AVT Earnings Call
Q2 2024
0:00 / 0:00
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AVT Stock 12 Months Forecast
Average Price Target
$45.25
▼(-3.02% Downside)
Technical Analysis
Best Analysts Covering AVT
1 Year
1 Year Success Rate
2/4 ratings generated profit
1 Year Average Return
-12.72%
reiterated a sell rating 9 months ago
Copying Joseph Cardoso's trades and holding each position for 1 Year would result in 50.00% of your transactions generating a profit, with an average return of -12.72% per trade.
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