Avnet, Inc , a technology solutions company, markets, sells, and distributes electronic components.
infoAvnet is a mid cap stock with a total market cap of 4.53B.
infoThey trade on the NASDAQ and had their IPO 50 years and 3 months ago.
infoAvnet currently employs 15800 people.
infoAs of Wednesday, Aug 23 2023, Avnet’s share price is $49.61.
News Relating to Avnet
Zacks Investment Research
Avnet (AVT) Gains 7% on Q4 Earnings Beat, Strong Q1 Guidance
Thursday Aug 17 2023 at 09:31
While better sales executions aid Avnet’s (AVT) Q4 top line, higher interest expenses weigh on the bottom line.
Proactive Investors
Avnet set to rally on 4Q earnings beat
Thursday Aug 17 2023 at 06:29
Avnet (NYSE:AVT) has reported fourth-quarter revenue and earnings that beat expectations, sending its shares higher in Thursday pre-market trade. The Phoenix, Arizona-headquartered distributor of electronic components reported a 2.9% rise in sales to $6.55 billion for the quarter to July 1, 2023, ahead of the $6.24 billion consensus of five analysts surveyed by Zacks Investment Research.
Seeking Alpha
Avnet, Inc. (AVT) Q4 2023 Earnings Call Transcript
Wednesday Aug 16 2023 at 19:39
Avnet, Inc. (NASDAQ:AVT ) Q4 2023 Earnings Call Transcript August 16, 2023 4:30 PM ET Company Participants Joe Burke – VP, Treasury and IR Phil Gallagher – CEO Ken Jacobson – CFO Conference Call Participants Ruplu Bhattacharya – Bank of America Joe Quatrochi – Wells Fargo Matt Sheerin – Stifel Melissa Fairbanks – Raymond James Operator Welcome to the Avnet Fourth Quarter Fiscal Year 2023 Earnings Conference Call. I would now like to turn the floor over to Joe Burke, Vice President, Treasury and Investor Relations for Avnet.
Zacks Investment Research
Compared to Estimates, Avnet (AVT) Q4 Earnings: A Look at Key Metrics
Wednesday Aug 16 2023 at 19:15
Although the revenue and EPS for Avnet (AVT) give a sense of how its business performed in the quarter ended June 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Zacks Investment Research
Avnet (AVT) Tops Q4 Earnings and Revenue Estimates
Wednesday Aug 16 2023 at 18:30
Avnet (AVT) came out with quarterly earnings of $2.06 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $2.07 per share a year ago.
Market Watch
Avnet’s stock jumps as results and forecast beat estimates
Wednesday Aug 16 2023 at 16:27
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 expectations. The company reported net income of $155.3 million, or $1.68 a share, compared with $246.8 million, or $2.51 a share, in the same quarter last year.
InvestorPlace
The 7 Best Growth Stocks to Buy Now
Tuesday Aug 08 2023 at 13:33
The tech sector is on a roll once again. After a weak 2022, high-potential growth stocks are back in fashion.
InvestorPlace
Bargain Hunting: 7 Value Stocks That Are Priced to Buy Now
Tuesday Jul 18 2023 at 16:32
While it’s not hard to find scorching hot enterprises in relevant sectors (such as artificial intelligence), their rich premiums tend to incentivize a contrarian pivot toward the top value stocks to buy. According to Investopedia, a value stock represents shares of an enterprise that seemingly trade at a lower price relative to fundamental metrics, typically earnings or sales.
Zacks Investment Research
5 Broker-Friendly Stocks to Watch Ahead of Q2 Earnings Season
Tuesday Jul 11 2023 at 08:02
We believe that broker-favorite stocks like American Airlines (AAL), Boise Cascade (BCC), Avnet (AVT), Cleveland-Cliffs (CLF) and Brighthouse Financial (BHF) are worth a look.
Zacks Investment Research
4 Dividend-Paying Stocks to Watch Amid Market Uncertainties
Friday Jul 07 2023 at 10:53
Here we have shortlisted four dividend-paying tech stocks – AVGO, AVT, TXN and GLW – that may help investors curb the downside risk of the current high-market-volatility environment.
Zacks Investment Research
Here’s Why Avnet (AVT) is a Strong Value Stock
Monday Jun 12 2023 at 10:43
The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here’s why you should take advantage.
Seeking Alpha
Avnet: Low Valuation And Decent Growth Prospects
Tuesday Jun 06 2023 at 14:45
Avnet is a global technology solutions company with strong revenues and a diverse portfolio, making it an appealing long-term investment. The company’s exposure to the semiconductor industry offers growth opportunities, with a 9% CAGR expected between 2022 and 2025 in the industrial and automotive markets. Concerns about the company’s balance sheet and long-term debts should be monitored, but I believe the current low valuation makes AVT stock a buy for investors.
Zacks Investment Research
Avnet (AVT) Up 2.3% Since Last Earnings Report: Can It Continue?
Friday Jun 02 2023 at 12:39
Avnet (AVT) reported earnings 30 days ago. What’s next for the stock?
Seeking Alpha
Avnet Antitrust Win Larger Than Expected
Tuesday May 30 2023 at 05:00
Avnet was awarded nearly $268 million in damages in a price-fixing lawsuit against Nippon Chemi-Con Corp and its subsidiary United Chemi-Con Inc. Avnet reached out-of-court settlements with defendants MATSUO and ELNA, potentially bringing the total gain from the lawsuit to over $350 million, including previous settlements. The market reacted positively to the news, but the exact net amounts gained may not be fully reflected in Avnet’s stock price yet.
Seeking Alpha
Avnet: A Remarkably Cheap Semiconductor Distributor
Wednesday May 24 2023 at 20:26
Semiconductor distributor Avnet appears to be trading at an astonishingly low multiple. The valuation makes more sense when considering the business model and current risk of a downturn in the chip industry.
Zacks Investment Research
5 Broker-Favored Stocks to Watch Amid the Debt-Ceiling Standoff
Tuesday May 23 2023 at 10:23
We believe that investors should keep a tab on broker-favorite stocks like American Airlines (AAL), Bread Financial (BFH), Avnet (AVT), Commercial Vehicle Group (CVGI) and American Axle (AXL).
Zacks Investment Research
Why Avnet (AVT) is a Top Momentum Stock for the Long-Term
Thursday May 18 2023 at 11:30
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Zacks Investment Research
5 Broker-Friendly Stocks to Sail Through the Turbulent Scenario
Monday May 08 2023 at 09:08
We believe that investors should keep a tab on broker-favorite stocks like American Airlines (AAL), Delta Air Lines (DAL), Cleveland-Cliff (CLF), Avnet (AVT) and Commercial Vehicle Group (CVGI).
Zacks Investment Research
Avnet (AVT) Gains 6% on Q3 Earnings Beat, Strong Q4 Guidance
Thursday May 04 2023 at 09:07
Avnet’s (AVT) Q3 performance reflects that supply constraints for certain components and an unfavorable currency exchange rate substantially offset the benefits of the strong demand for the company’s products.
Zacks Investment Research
Here’s What Key Metrics Tell Us About Avnet (AVT) Q3 Earnings
Wednesday May 03 2023 at 21:15
The headline numbers for Avnet (AVT) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Zacks Investment Research
Avnet (AVT) Surpasses Q3 Earnings and Revenue Estimates
Wednesday May 03 2023 at 20:32
Avnet (AVT) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $2.15 per share a year ago.
Market Watch
Avnet’s stock rises 3% on earnings, revenue beats
Wednesday May 03 2023 at 17:21
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 reported net income of $187.4 million, or $2.03 a share, compared with net income of $183.4 million, or $1.84 a share, in the year-ago quarter.
Zacks Investment Research
Key Factors to Consider Ahead of Avnet’s (AVT) Q3 Earnings
Friday Apr 28 2023 at 09:09
Avnet’s (AVT) overall third-quarter performance is expected to have been negatively impacted by constraints in product availability and pricing pressure.
InvestorPlace
The 7 Most Undervalued Stocks to Buy in April 2023
Wednesday Apr 05 2023 at 06:30
The stock market had a strong first quarter, with many companies posting big gains. This was a welcome turn of events after a difficult 2022 for investors.
InvestorPlace
3 Tech Stocks Sitting in the Sweet Spot
Wednesday Mar 15 2023 at 16:58
Tech stocks are becoming a hot topic once again after the emergence of generative AI platform ChatGPT earlier this year. Indeed, 2022 proved challenging for tech stocks.
Seeking Alpha
Dividend Champion, Contender, And Challenger Highlights: Week Of March 12
Saturday Mar 11 2023 at 09:08
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
Zacks Investment Research
5 Broker-Friendly Stocks to Watch as Inflation Stays Hot
Friday Mar 03 2023 at 06:47
We believe that broker-favorite stocks like American Airlines (AAL), CVR Energy (CVI), Beazer Homes USA (BZH), Asbury Automotive (ABG) and Avnet (AVT) are worth a look.
GuruFocus
7 Dividend-Paying Stocks to Consider
Monday Feb 27 2023 at 17:51
Selected using techniques derived from the works of Benjamin Graham, these basic value stocks are trading below book value and pay dividends. Such equities are for those taking a long-term approach to investing without too much regard for the daily ups and downs.
Seeking Alpha
Dividend Champion, Contender, And Challenger Highlights: Week Of February 26
Sunday Feb 26 2023 at 00:51
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
Zacks Investment Research
5 Stocks to Keep an Eye on Following Upgrade by Brokers
Friday Feb 17 2023 at 09:02
We believe that broker-favorite stocks like Archer Daniels (ADM), Delek US (DK), Beazer Homes (BZH), AmerisourceBergen (ABC) and Avnet (AVT) are worth a look.
Avnet Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
Learn more at Investopediaopen_in_new
Avnet’s Altman Z-score is 3.89 which is in the safe zone. This indicates the company is financially stable and less likely to experience financial distress or bankruptcy.
Derived from SEC.GOV filing dataopen_in_new
Avnet Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
Learn more at Investopediaopen_in_new
Over the last 3 months, 2 insiders have sold $4.39M of common stock in Avnet on the stock market with no insider buying.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
Learn more at WallStreetPrepopen_in_new
Avnet’s Income Quality of -1.49 is lower than its Industry Group of 1.04 (-243.3% lower)
Avnet’s Income Quality of -1.49 is lower than its Major Industry Group of 0.97 (-253.6% lower)
Avnet’s Income Quality of -1.49 is lower than its Sector of 0.93 (-260.2% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
Learn more at Investopediaopen_in_new
Avnet’s Current Ratio of 2.53 is greater than its Industry Group of 1.72 (47.1% greater)
Avnet’s Current Ratio of 2.53 is greater than its Major Industry Group of 1.78 (42.1% greater)
Avnet’s Current Ratio of 2.53 is greater than its Sector of 1.72 (47.1% greater)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
Learn more at Investopediaopen_in_new
Avnet’s PE Ratio of 5.88 is lower than its Industry Group of 10.62 (-44.6% lower)
Avnet’s PE Ratio of 5.88 is lower than its Major Industry Group of 12.57 (-53.2% lower)
Avnet’s PE Ratio of 5.88 is lower than its Sector of 12.39 (-52.5% lower)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
Learn more at Investopediaopen_in_new
Avnet’s PB Ratio of 0.95 is lower than its Industry Group of 1.49 (-36.2% lower)
Avnet’s PB Ratio of 0.95 is lower than its Major Industry Group of 1.86 (-48.9% lower)
Avnet’s PB Ratio of 0.95 is lower than its Sector of 1.41 (-32.6% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
Learn more at Investopediaopen_in_new
Avnet’s ROE of 0.16 is lower than its Industry Group of 0.2 (-20.0% lower)
Avnet’s ROE of 0.16 is in line with its Major Industry Group of 0.16
Avnet’s ROE of 0.16 is greater than its Sector of 0.11 (45.5% greater)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Avnet’s ROCE of 0.14 is lower than its Industry Group of 0.17 (-17.6% lower)
Avnet’s ROCE of 0.14 is in line with its Major Industry Group of 0.14
Avnet’s ROCE of 0.14 is greater than its Sector of 0.12 (16.7% greater)
Derived from SEC.GOV filing dataopen_in_new