Avnet, Inc. (AVT)
Market Cap | 4.59B |
Revenue (ttm) | 24.75B |
Net Income (ttm) | 571.29M |
Shares Out | 90.38M |
EPS (ttm) | 6.18 |
PE Ratio | 8.22 |
Forward PE | 11.48 |
Dividend | $1.24 (2.44%) |
Ex-Dividend Date | Jun 5, 2024 |
Volume | 461,871 |
Open | 50.63 |
Previous Close | 50.72 |
Day's Range | 50.54 - 50.98 |
52-Week Range | 42.67 - 55.46 |
Beta | 1.21 |
Analysts | Sell |
Price Target | 45.00 (-11.45%) |
Earnings Date | Aug 14, 2024 |
About AVT
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. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical e... [Read more]
Financial Performance
In 2023, Avnet's revenue was $26.54 billion, an increase of 9.16% compared to the previous year's $24.31 billion. Earnings were $770.83 million, an increase of 11.33%.
Financial StatementsAnalyst Forecast
According to 4 analysts, the average rating for AVT stock is "Sell." The 12-month stock price forecast is $45.0, which is a decrease of -11.45% from the latest price.
News
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Avnet Names Rebeca Obregon New President of Farnell
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet names Rebeca Obregon new president of Farnell.
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CORRECTING and REPLACING Avnet Declares Regular Quarterly Dividend
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet declares regular quarterly dividend.
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Avnet to Participate in Investor Conferences in June
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in investor conferences in June.
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Avnet Declares Regular Quarterly Dividend
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet declares regular quarterly dividend.
![](https://cdn.snapi.dev/images/v1/l/i/press13-2402542.jpg)
Avnet Reports Third Quarter 2024 Financial Results
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports third quarter 2024 financial results.
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Panasas Signs Worldwide Manufacturing and Fulfillment Partnership with Avnet
SAN JOSE, Calif.--(BUSINESS WIRE)--Panasas, a leading data solutions provider for high-performance computing (HPC) and artificial intelligence (AI), and Avnet (Nasdaq: AVT) today announced an agreemen...
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Avnet to Report Third Quarter Fiscal Year 2024 Earnings on May 1
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report third quarter fiscal year 2024 earnings on May 1.
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Avnet to Participate in the Raymond James Institutional Investors Conference on March 4
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in the Raymond James Institutional Investors Conference on March 4.
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Avnet Reports Second Quarter 2024 Financial Results
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports second quarter 2024 financial results.
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Avnet to Report Second Quarter Fiscal Year 2024 Earnings on January 31
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report second quarter fiscal year 2024 earnings on January 31.
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Avnet to Participate in Upcoming Investor Conferences
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in upcoming investor conferences.
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Avnet Insights Survey Shows Engineers Have Reached a Turning Point
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet Insights survey shows engineers have reached a turning point.
![](https://cdn.snapi.dev/images/v1/2/m/press8-2134236.jpg)
Avnet Reports First Quarter 2024 Financial Results
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports first quarter 2024 financial results.
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Avnet to Report First Quarter Fiscal Year 2024 Earnings on November 1
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report first quarter fiscal year 2024 earnings on November 1.
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Untether AI Announces New Distributor Partnership with Avnet, Expanding its Global Reach
TORONTO--(BUSINESS WIRE)-- #AI--Today, Untether AI®, the leader in energy-centric AI acceleration technology, announced it has appointed Avnet as its distribution partner in Israel. The distribution p...
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Low PE Stocks in Steady Uptrends
As the stock market has made a strong recovery so far this year, investors may be looking for undervalued stocks that are on the rise. This discussion looks at four companies that have solid moving av...
![](https://cdn.snapi.dev/images/v1/s/a/im-287140-2042118.jpg)
Avnet raises dividend by 7%
Electronics distributor Avnet Inc. AVT, +1.19% said late Tuesday that its board has approved a 7% increase in the company's dividend to 31 cents a share. The dividend will be paid on Sept.
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Avnet Increases Quarterly Dividend by 7%
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet increases quarterly dividend by 7%.
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Avnet to Participate in the Citi 2023 Global Technology Conference on September 6
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in the Citi 2023 Global Technology Conference on September 6.
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Avnet's stock jumps as results and forecast beat estimates
Shares of Avnet Inc. AVT rose 5.2% after hours on Wednesday after the electronic-components supplier reported fourth-quarter results and gave a fourth-quarter forecast that topped Wall Street's expect...
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Avnet Reports Fourth Quarter and Fiscal 2023 Financial Results
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports fourth quarter and fiscal 2023 financial results.
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Avnet Insights: Driven by Customer Demand, Engineers are Designing for Sustainability
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet Insights Survey: Driven by customer demand, engineers are designing for sustainability.
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Avnet to Report Fourth Quarter and Fiscal Year 2023 Earnings on August 16 and to Hold Annual Shareholder Meeting on November 16
PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report fourth quarter and fiscal year 2023 earnings on August 16 and to hold annual shareholder meeting on November 16.
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Avnet's stock rises 3% on earnings, revenue beats
Avnet Corp.'s AVT stock climbed 3% in extended trading Wednesday after the electronics company posted fiscal third-quarter results that easily exceeded analyst revenue and earnings estimates. Avnet re...