Avnet (AVT) Projected to Post Quarterly Earnings on Wednesday

Avnet (NASDAQ:AVT) is anticipated to announce its earnings results before the market opens on Wednesday, January 29th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $5,556,910.00 billion for the quarter. Avnet has set its Q2 guidance at $0.80-0.90 EPS and its Q2 2025 guidance at 0.800-0.900 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Avnet (NASDAQ:AVT) last announced its quarterly earnings data 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. 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 analysts’ expectations of $5.43 billion. During the same quarter in the previous year, the business earned $1.61 earnings per share. The firm’s quarterly revenue was down 11.5% compared to the same quarter last year. On average, analysts expect Avnet to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Avnet Trading Up 2.0 %

NASDAQ AVT opened at $54.65 on Wednesday. Avnet has a 12 month low of $43.62 and a 12 month high of $59.24. The company has a current ratio of 2.25, a quick ratio of 1.07 and a debt-to-equity ratio of 0.48. The stock’s fifty day moving average price is $53.37 and its 200-day moving average price is $53.42. The stock has a market cap of $4.75 billion, a P/E ratio of 14.31, a P/E/G ratio of 1.00 and a beta of 1.14.

Avnet Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Wednesday, December 4th. 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.