Avnet (NASDAQ:AVT) Issues 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.

Avnet Price Performance

AVT stock opened at $54.54 on Friday. The company has a market capitalization of $4.77 billion, a P/E ratio of 14.28 and a beta of 1.15. The company has a fifty day moving average price of $53.50 and a 200-day moving average price of $52.66. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.10 and a current ratio of 2.25. Avnet has a 52-week low of $42.67 and a 52-week high of $59.24.

Avnet (NASDAQ:AVT) last announced its earnings results 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 business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.43 billion. During the same period last year, the company earned $1.61 EPS. Avnet’s revenue for the quarter was down 11.5% compared to the same quarter last year. As a group, equities analysts expect that Avnet will post 4.57 EPS for the current year.

Avnet Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid 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 2.42%. The ex-dividend date was Wednesday, September 11th. Avnet’s payout ratio is currently 34.56%.

Wall Street Analyst Weigh In

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

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.