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.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AVT. Truist Financial lifted their price target 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 target on shares of Avnet from $40.00 to $45.00 and gave the company an “underweight” rating in a research note on Friday, August 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Avnet from $50.00 to $55.00 and gave the company a “hold” rating in a research report on Friday, August 9th.

Avnet Price Performance

Shares of NASDAQ:AVT traded up $0.33 during midday trading on Friday, hitting $54.54. The stock had a trading volume of 850,467 shares, compared to its average volume of 599,851. The company’s 50-day moving average price is $53.50 and its 200-day moving average price is $52.66. 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 quick ratio of 1.10, a current ratio of 2.25 and a debt-to-equity ratio of 0.48. Avnet has a fifty-two week low of $42.67 and a fifty-two week high of $59.24.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, October 30th. The company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.86 by $0.06. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. Avnet had a net margin of 1.51% and a return on equity of 8.46%. The business’s revenue for the quarter was down 11.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.61 EPS. As a group, equities research analysts predict that Avnet will post 4.57 EPS for the current fiscal 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 given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.42%. This is a boost from Avnet’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, September 11th. Avnet’s dividend payout ratio is currently 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.