Zacks Research Has Negative Forecast for Avnet Q1 Earnings

Avnet, Inc. (NASDAQ:AVT) – Investment analysts at Zacks Research reduced their Q1 2026 earnings per share (EPS) estimates for shares of Avnet in a report released on Tuesday, February 11th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.11 per share for the quarter, down from their prior forecast of $1.23. The consensus estimate for Avnet’s current full-year earnings is $3.57 per share. Zacks Research also issued estimates for Avnet’s Q1 2027 earnings at $1.51 EPS, Q2 2027 earnings at $1.66 EPS and FY2027 earnings at $6.82 EPS.

AVT has been the subject of several other reports. Bank of America lowered Avnet from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $58.00 to $48.00 in a research report on Thursday, January 30th. Truist Financial reduced their price target on Avnet from $54.00 to $52.00 and set a “hold” rating for the company in a research report on Thursday, January 30th.

Avnet Trading Up 1.5 %

Shares of NASDAQ AVT opened at $50.52 on Thursday. The firm has a market cap of $4.37 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 1.06 and a beta of 1.13. The company has a quick ratio of 1.15, a current ratio of 2.39 and a debt-to-equity ratio of 0.53. Avnet has a twelve month low of $44.27 and a twelve month high of $59.24. The business has a fifty day simple moving average of $52.47 and a two-hundred day simple moving average of $53.26.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, January 29th. The company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). Avnet had a net margin of 1.41% and a return on equity of 7.49%.

Avnet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 18th. Investors of record on Wednesday, December 4th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, December 4th. This represents a $1.32 annualized dividend and a yield of 2.61%. Avnet’s dividend payout ratio (DPR) is 37.39%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC grew its stake in Avnet by 24.7% during the 3rd quarter. FMR LLC now owns 576,794 shares of the company’s stock worth $31,326,000 after buying an additional 114,217 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in Avnet by 227.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 214,007 shares of the company’s stock worth $11,197,000 after acquiring an additional 148,588 shares during the last quarter. Weiss Asset Management LP raised its stake in Avnet by 35.7% in the 3rd quarter. Weiss Asset Management LP now owns 254,624 shares of the company’s stock worth $13,829,000 after acquiring an additional 66,973 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Avnet by 13.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 243,295 shares of the company’s stock worth $13,213,000 after acquiring an additional 28,453 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in Avnet by 22.6% in the 4th quarter. Park Avenue Securities LLC now owns 5,966 shares of the company’s stock worth $312,000 after acquiring an additional 1,101 shares during the last quarter. 95.78% of the stock is currently owned by hedge funds and other institutional investors.

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.