Avnet, Inc. (AVT)

NASDAQ: AVT · IEX Real-Time Price · USD
44.28
-0.71 (-1.58%)
At close: Dec 5, 2022 4:00 PM
44.25
-0.03 (-0.07%)
After-hours: Dec 5, 2022 4:09 PM EST
-1.58%
Market Cap 4.12B
Revenue (ttm) 25.48B
Net Income (ttm) 765.32M
Shares Out 94.05M
EPS (ttm) 7.77
PE Ratio 5.70
Forward PE 6.77
Dividend $1.10 (2.48%)
Ex-Dividend Date Dec 6, 2022
Volume 686,850
Open 44.57
Previous Close 44.99
Day's Range 43.99 - 44.75
52-Week Range 35.45 - 50.19
Beta 1.34
Analysts Hold
Price Target 45.90 (+3.7%)
Earnings Date Jan 24, 2023

About AVT

Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical devices; 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... [Read more]

Industry Electronic Equipment, Instruments & Components
Founded 1921
CEO William Amelio
Employees 15,300
Stock Exchange NASDAQ
Ticker Symbol AVT
Full Company Profile

Financial Performance

In 2022, Avnet's revenue was $24.31 billion, an increase of 24.45% compared to the previous year's $19.53 billion. Earnings were $692.38 million, an increase of 258.53%.

Financial Statements

Analyst Forecast

According to 16 analysts, the average rating for AVT stock is "Hold." The 12-month stock price forecast is 45.9, which is an increase of 3.66% from the latest price.

Price Target
$45.9
(3.66% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Why Is Avnet (AVT) Up 14.5% Since Last Earnings Report?

Avnet (AVT) reported earnings 30 days ago. What's next for the stock?

1 week ago - Zacks Investment Research

Avnet Declares Regular Quarterly Dividend of $0.29

PHOENIX--( BUSINESS WIRE )--Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions company, today announced that on Nov. 16, 2022, its Board of Directors approved a regular quarterly cash divi...

2 weeks ago - Business Wire

Why Avnet (AVT) is a Top Value Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

3 weeks ago - Zacks Investment Research

Avnet Insights: Chip Shortage Underscores Opportunity to Strengthen Strategic Relationships

PHOENIX--(BUSINESS WIRE)-- #Avnet--Chip shortage underscores opportunity to strengthen strategic relationships.

1 month ago - Business Wire

Avnet (AVT) Q1 Earnings and Revenues Beat Estimates, Up Y/Y

Avnet's (AVT) first-quarter fiscal 2023 performance reflects a strong demand environment for the company's products and its continued investments in e-commerce and expanding customer relationships.

1 month ago - Zacks Investment Research

Avnet (AVT) Q1 Earnings and Revenues Top Estimates

Avnet (AVT) delivered earnings and revenue surprises of 4.71% and 6.33%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Why Avnet (AVT) Could Beat Earnings Estimates Again

Avnet (AVT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

1 month ago - Zacks Investment Research

Avnet (AVT) to Report Q1 Earnings: Key Factors to Consider

Avnet's (AVT) fiscal Q1 results are likely to witness growing demand for its electronic components. However, geopolitical constraints, inflation and supply-chain challenges might have hurt sales & earni...

1 month ago - Zacks Investment Research

Avnet (AVT) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Avnet (AVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

Avnet to Report First Quarter Fiscal Year 2023 Earnings on October 26

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report first quarter fiscal year 2023 earnings on October 26.

1 month ago - Business Wire

7 Mid-Cap Stocks That the Market Has Gotten All Wrong

Investors have a lot to worry about these days. Is the economy in a recession?

Other symbols: GOGLGTIBAPCHTMHCUNFI
2 months ago - InvestorPlace

Avnet (AVT) Down 2.2% Since Last Earnings Report: Can It Rebound?

Avnet (AVT) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Watch These 5 Stocks That Recently Hiked Their Dividends

At this stage, one should consider stocks that have recently raised their dividend payments. Five such companies are VZ, STC, CZFS, AVT and BRC.

Other symbols: BRCCZFSSTCVZ
2 months ago - Zacks Investment Research

Avnet BOD Officially Appoints Ken A. Jacobson as Chief Financial Officer

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet BOD officially appoints Ken A. Jacobson as Chief Financial Officer.

2 months ago - Business Wire

Avnet Increases Quarterly Dividend by 11.5%

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet increases quarterly dividend by 11.5%.

3 months ago - Business Wire

Avnet to Participate in Citi Global Technology Conference

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in Citi Global Technology Conference.

3 months ago - Business Wire

Avnet (AVT) Beats on Earnings & Revenue Estimates in Q4

Avnet's (AVT) fourth-quarter performance reflects a strong demand environment for the company's products and its continued investments in e-commerce and expanding customer relationships.

3 months ago - Zacks Investment Research

Avnet (AVT) Q4 Earnings and Revenues Beat Estimates

Avnet (AVT) delivered earnings and revenue surprises of 5.61% and 2.73%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Avnet Reports Fourth Quarter and Fiscal 2022 Financial Results

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports fourth quarter and fiscal 2022 financial results.

3 months ago - Business Wire

How Inflation Boosted This Electronics Distributor Amid Supplier Losses

The loss of two big suppliers during the Covid pandemic didn't stop electronics distributor Avnet from rebounding as the crisis eased. The post How Inflation Boosted This Electronics Distributor Amid Su...

4 months ago - Investors Business Daily

Avnet (AVT) Earnings Expected to Grow: Should You Buy?

Avnet (AVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 months ago - Zacks Investment Research

Avnet to Report Fourth Quarter and Fiscal Year 2022 Earnings on August 10 and to Hold Annual Shareholder Meeting on N...

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report fourth quarter and fiscal year 2022 earnings on August 10 and to hold annual shareholder meeting on November 17.

4 months ago - Business Wire

Is Trending Stock Avnet, Inc. (AVT) a Buy Now?

Recently, Zacks.com users have been paying close attention to Avnet (AVT). This makes it worthwhile to examine what the stock has in store.

4 months ago - Zacks Investment Research

Avnet (AVT) Just Reclaimed the 50-Day Moving Average

Good things could be on the horizon when a stock surpasses the 50-Day simple moving average. How should investors react?

4 months ago - Zacks Investment Research

Is Most-Watched Stock Avnet, Inc. (AVT) Worth Betting on Now?

Recently, Zacks.com users have been paying close attention to Avnet (AVT). This makes it worthwhile to examine what the stock has in store.

4 months ago - Zacks Investment Research