In the latest session, Avnet Inc. (NASDAQ: AVT) closed at $47.00 up 1.18% from its previous closing price of $46.45. In other words, the price has increased by $+0.55 from its previous closing price. On the day, 552020 shares were traded.
Ratios:
For a deeper understanding of Avnet Inc.’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.05 and its Current Ratio is at 2.34. In the meantime, Its Debt-to-Equity ratio is 0.74 whereas as Long-Term Debt/Eq ratio is at 0.59.
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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 22 ’24 when Obregon-Jimenez Rebeca sold 2,210 shares for $46.04 per share. The transaction valued at 101,748 led to the insider holds 14,281 shares of the business.
LAWRENCE JAMES A sold 8,190 shares of AVT for $387,387 on Nov 24 ’23. The Director now owns 0 shares after completing the transaction at $47.30 per share. On Nov 21 ’23, another insider, LAWRENCE JAMES A, who serves as the Director of the company, sold 6,910 shares for $47.68 each. As a result, the insider received 329,469 and left with 8,190 shares of the company.
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 4.25B and an Enterprise Value of 7.67B. As of this moment, Avnet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.50, and their Forward P/E ratio for the next fiscal year is 7.75. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.62. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.17 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 0.30 whereas that against EBITDA is 5.92.
Stock Price History:
Over the past 52 weeks, AVT has reached a high of $51.65, while it has fallen to a 52-week low of $39.64. The 50-Day Moving Average of the stock is 46.51, while the 200-Day Moving Average is calculated to be 47.53.
Shares Statistics:
For the past three months, AVT has traded an average of 603.54K shares per day and 705.73k over the past ten days. A total of 91.50M shares are outstanding, with a floating share count of 89.64M. Insiders hold about 0.80% of the company’s shares, while institutions hold 99.53% stake in the company. Shares short for AVT as of Feb 29, 2024 were 2.85M with a Short Ratio of 4.72, compared to 2.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.15% and a Short% of Float of 4.65%.
Dividends & Splits
According to the company, the forward annual dividend rate for AVT is 1.22, from 1.20 in the trailing year. Against a Trailing Annual Dividend Yield of 2.58%, it implies a Forward Annual Dividend Yield of 2.59%. The stock’s 5-year Average Dividend Yield is 2.38. The current Payout Ratio is 14.05% for AVT, which recently paid a dividend on Mar 20, 2024 with an ex-dividend date of Mar 05, 2024. Stock splits for the company last occurred on Sep 29, 2000 when the company split stock in a 2:1 ratio.
Earnings Estimates
There are 7 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.1 for the current quarter, with a high estimate of $1.15 and a low estimate of $1.08, while EPS last year was $2. The consensus estimate for the next quarter is $1.13, with high estimates of $1.2 and low estimates of $1.
Analysts are recommending an EPS of between $5.3 and $5.11 for the fiscal current year, implying an average EPS of $5.24. EPS for the following year is $5.95, with 7 analysts recommending between $7.05 and $4.84.
Revenue Estimates
A total of 7 analysts have provided revenue estimates for AVT’s current fiscal year. The highest revenue estimate was $24.23B, while the lowest revenue estimate was $23.82B, resulting in an average revenue estimate of $23.99B. In the same quarter a year ago, actual revenue was $26.54B, down -9.60% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $24.33B in the next fiscal year. The high estimate is $25.13B and the low estimate is $23.41B. The average revenue growth estimate for next year is up 1.40% from the average revenue estimate for this year.
