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As of close of business last night, Avnet Inc.’s stock clocked out at $54.58, up 2.40% from its previous closing price of $53.30. In other words, the price has increased by $2.40 from its previous closing price. On the day, 0.55 million shares were traded. AVT stock price reached its highest trading level at $54.625 during the session, while it also had its lowest trading level at $53.36.
Ratios:
To gain a deeper understanding of AVT’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.64. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 2.32. In the meantime, Its Debt-to-Equity ratio is 0.63 whereas as Long-Term Debt/Eq ratio is at 0.52.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on September 16, 2022, Downgraded its rating to Underweight and sets its target price to $35 from $45 previously.
On July 14, 2022, JP Morgan started tracking the stock assigning a Underweight rating and target price of $46.
BofA Securities reiterated its Neutral rating for the stock on October 07, 2021, while the target price for the stock was revised from $49 to $43.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 15 ’24 when McMullen Elizabeth bought 1,234 shares for $54.35 per share.
Chan Leng Jin sold 9,226 shares of AVT for $495,898 on Aug 14 ’24. The SVP, CIO now owns 26,942 shares after completing the transaction at $53.75 per share. On Aug 14 ’24, another insider, Chan Leng Jin, who serves as the Officer of the company, bought 9,226 shares for $53.75 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, AVT now has a Market Capitalization of 4809180160 and an Enterprise Value of 7512672256. As of this moment, Avnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 10.09, and their Forward P/E ratio for the next fiscal year is 8.47. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.21 while its Price-to-Book (P/B) ratio in mrq is 0.99. Its current Enterprise Value per Revenue stands at 0.316 whereas that against EBITDA is 7.522.
Stock Price History:
The Beta on a monthly basis for AVT is 1.17, which has changed by 0.09783733 over the last 52 weeks, in comparison to a change of 0.24841464 over the same period for the S&P500. Over the past 52 weeks, AVT has reached a high of $55.46, while it has fallen to a 52-week low of $42.67. The 50-Day Moving Average of the stock is 4.03%, while the 200-Day Moving Average is calculated to be 10.79%.
Shares Statistics:
It appears that AVT traded 608.51K shares on average per day over the past three months and 578490 shares per day over the past ten days. A total of 90.38M shares are outstanding, with a floating share count of 89.70M. Insiders hold about 0.75% of the company’s shares, while institutions hold 98.50% stake in the company. Shares short for AVT as of 1722384000 were 3651534 with a Short Ratio of 6.00, compared to 1719532800 on 3154054. Therefore, it implies a Short% of Shares Outstanding of 3651534 and a Short% of Float of 5.96.
Dividends & Splits
With its trailing 12-month dividend rate of 1.24, AVT has a forward annual dividend rate of 1.24. Against a Trailing Annual Dividend Yield of 0.02326454The stock’s 5-year Average Dividend Yield is 2.43. The current Payout Ratio is 22.83% for AVT, which recently paid a dividend on 2024-06-05 with an ex-dividend date of 1717545600. Stock splits for the company last occurred on 2000-09-29 when the company split stock in a 2:1 ratio.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 7.0 analysts currently analyzing and rating the stock of Avnet Inc. (AVT).The consensus estimate for the next quarter is $1.02, with high estimates of $1.24 and low estimates of $0.91.
Analysts are recommending an EPS of between $5.02 and $4.18 for the fiscal current year, implying an average EPS of $4.49. EPS for the following year is $6.44, with 6.0 analysts recommending between $7.23 and $5.36.
Revenue Estimates
In the current quarter, 7 analysts expect revenue to total $5.43B. It ranges from a high estimate of $5.46B to a low estimate of $5.4B. As of the current estimate, Avnet Inc.’s year-ago sales were $6.35BFor the next quarter, 7 analysts are estimating revenue of $5.5B. There is a high estimate of $5.64B for the next quarter, whereas the lowest estimate is $5.4B.
A total of 7 analysts have provided revenue estimates for AVT’s current fiscal year. The highest revenue estimate was $22.5B, while the lowest revenue estimate was $21.64B, resulting in an average revenue estimate of $22.23B. In the same quarter a year ago, actual revenue was $23.76BBased on 6 analysts’ estimates, the company’s revenue will be $24.11B in the next fiscal year. The high estimate is $24.56B and the low estimate is $23.27B.
