Avnet (NASDAQ:AVT) Issues Q1 2025 Earnings Guidance

Avnet (NASDAQ:AVT) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.800-0.900 for the period, compared to the consensus estimate of 0.970. The company issued revenue guidance of $5.3 billion-$5.6 billion, compared to the consensus revenue estimate of $5.5 billion. Avnet also updated its Q1 guidance to $0.80-0.90 EPS.

Avnet Stock Performance

AVT traded down $0.42 during mid-day trading on Friday, reaching $52.95. 568,047 shares of the company traded hands, compared to its average volume of 604,008. The company has a quick ratio of 1.05, a current ratio of 2.33 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.79 billion, a P/E ratio of 8.57 and a beta of 1.16. The company’s fifty day moving average price is $52.45 and its 200-day moving average price is $49.91. Avnet has a 52-week low of $42.67 and a 52-week high of $55.46.

Avnet (NASDAQ:AVT) last released its earnings results on Thursday, August 8th. The company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.95 by $0.27. Avnet had a net margin of 2.31% and a return on equity of 11.64%. The firm had revenue of $5.56 billion for the quarter, compared to the consensus estimate of $5.37 billion. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The company’s quarterly revenue was down 15.1% compared to the same quarter last year. On average, sell-side analysts expect that Avnet will post 5.06 EPS for the current year.

Avnet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Wednesday, June 5th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date was Wednesday, June 5th. Avnet’s payout ratio is presently 20.06%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AVT. Stifel Nicolaus increased their target price on Avnet from $50.00 to $55.00 and gave the company a hold rating in a research report on Friday. Wells Fargo & Company increased their target price on Avnet from $40.00 to $45.00 and gave the stock an underweight rating in a research note on Friday. Finally, Truist Financial boosted their target price on Avnet from $48.00 to $52.00 and gave the stock a hold rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $48.50.

Insider Activity

In other Avnet news, CEO Philip R. Gallagher sold 30,000 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $53.74, for a total transaction of $1,612,200.00. Following the sale, the chief executive officer now directly owns 139,709 shares of the company’s stock, valued at approximately $7,507,961.66. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Avnet news, Director Carlo Bozotti sold 9,000 shares of Avnet stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $54.40, for a total transaction of $489,600.00. Following the sale, the director now owns 11,578 shares in the company, valued at $629,843.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip R. Gallagher sold 30,000 shares of the stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $53.74, for a total transaction of $1,612,200.00. Following the completion of the transaction, the chief executive officer now directly owns 139,709 shares of the company’s stock, valued at approximately $7,507,961.66. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,000 shares of company stock valued at $2,536,520. Insiders own 1.30% of the company’s stock.

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.