Avnet (NASDAQ:AVT) Releases Q1 2027 Earnings Guidance

Avnet (NASDAQ:AVT) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.800-2.900 for the period, compared to the consensus EPS estimate of 1.840. The company issued revenue guidance of $9.0 billion-$9.3 billion, compared to the consensus revenue estimate of $7.6 billion.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $95.00 price target on shares of Avnet in a report on Thursday, April 30th. Wells Fargo & Company upped their target price on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Bank of America raised shares of Avnet from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $96.00 in a research report on Wednesday, May 13th. Zacks Research lowered shares of Avnet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Truist Financial boosted their target price on shares of Avnet from $95.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Avnet currently has a consensus rating of “Hold” and a consensus price target of $93.25.

Avnet Price Performance

AVT traded up $0.96 on Thursday, hitting $98.18. 1,169,096 shares of the company’s stock were exchanged, compared to its average volume of 1,237,332. Avnet has a fifty-two week low of $44.25 and a fifty-two week high of $100.00. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 38.36, a P/E/G ratio of 0.29 and a beta of 1.09. The company has a current ratio of 2.01, a quick ratio of 1.05 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $87.93 and a 200-day moving average price of $75.02.

Avnet (NASDAQ:AVT) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.48. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The firm had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period in the previous year, the firm earned $0.81 EPS. Avnet’s revenue was up 47.7% on a year-over-year basis. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. As a group, equities analysts anticipate that Avnet will post 5.12 earnings per share for the current year.

Avnet Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Wednesday, June 3rd. Avnet’s dividend payout ratio is currently 54.47%.

Key Stories Impacting Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Quarterly results exceeded expectations. Avnet reported fourth-quarter revenue of $8.30 billion, up 47.7% year over year and above the $7.56 billion consensus estimate. Adjusted EPS was $2.28, versus expectations of approximately $1.80 and $0.81 a year earlier. Avnet Q4 Earnings Beat on Broad-Based Demand and Margin Gains
• Positive Sentiment: Management provided strong first-quarter guidance. Fiscal Q1 2027 revenue is expected at $9.0 billion-$9.3 billion, compared with the $7.6 billion analyst estimate, while adjusted EPS guidance of $2.80-$2.90 is well above the roughly $1.84 consensus. A stronger outlook generally supports upward revisions to earnings forecasts. AVT Q4 Earnings Call Highlights Broad Demand Recovery
• Positive Sentiment: Demand trends improved across the business. Avnet cited broad-based recovery, rising bookings, record segment sales and longer lead times. Management expects fiscal 2027 growth to be driven primarily by increased unit volumes and favorable product mix, rather than solely by pricing. Avnet 2026 Q4 Results Earnings Call Presentation
• Positive Sentiment: Full-year momentum and shareholder returns were solid. Fiscal 2026 sales rose 25% to $27.6 billion. Avnet returned $252 million through dividends and share repurchases during the year, which may provide additional support for the stock. Avnet Reports Fourth Quarter and Fiscal 2026 Financial Results
• Neutral Sentiment: Despite the earnings beat, Avnet operates with a relatively thin net margin, and the stock’s sharp advance has brought its valuation close to the upper end of its recent trading range.
• Negative Sentiment: Reported insider activity has consisted of sales rather than purchases over the past six months, including sales by the chief executive and chief financial officer. This is not necessarily indicative of operating performance but could temper enthusiasm at elevated valuation levels. Avnet Reports Record $8.3 Billion Fourth Quarter Sales

Institutional Trading of Avnet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AVT. AQR Capital Management LLC increased its position in Avnet by 30.7% during the fourth quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock worth $142,394,000 after buying an additional 695,929 shares during the period. Jain Global LLC purchased a new position in shares of Avnet during the fourth quarter worth approximately $18,873,000. Loews Corp grew its position in shares of Avnet by 258.3% during the fourth quarter. Loews Corp now owns 430,000 shares of the company’s stock worth $20,674,000 after acquiring an additional 310,000 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Avnet by 75.3% in the 4th quarter. Millennium Management LLC now owns 654,695 shares of the company’s stock valued at $31,478,000 after acquiring an additional 281,273 shares during the period. Finally, First Trust Advisors LP raised its position in Avnet by 36.8% in the 4th quarter. First Trust Advisors LP now owns 928,497 shares of the company’s stock valued at $44,642,000 after purchasing an additional 249,767 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

About Avnet

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.