Avnet, Inc. (AVT) To Go Ex-Dividend on June 3rd

Avnet, Inc. (NASDAQ:AVT) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Wednesday, June 3rd will be paid a dividend of 0.35 per share on Wednesday, June 17th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Wednesday, June 3rd.

Avnet has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Avnet has a dividend payout ratio of 27.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Avnet to earn $7.30 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 19.2%.

Avnet Stock Performance

Shares of AVT stock opened at $86.93 on Monday. The stock has a market capitalization of $7.13 billion, a PE ratio of 33.83, a P/E/G ratio of 0.39 and a beta of 1.08. Avnet has a 1-year low of $44.25 and a 1-year high of $90.20. The business has a 50-day moving average of $74.51 and a 200 day moving average of $61.65. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.05.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, April 29th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.15. The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.45 billion. Avnet had a return on equity of 7.07% and a net margin of 0.86%.Avnet’s quarterly revenue was up 34.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. Avnet has set its Q4 2026 guidance at 1.700-1.800 EPS. As a group, sell-side analysts anticipate that Avnet will post 5.12 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Wall Street Zen cut Avnet from a “strong-buy” rating to a “buy” rating in a report on Sunday, May 10th. Wells Fargo & Company boosted their target price on Avnet from $60.00 to $70.00 and gave the company an “underweight” rating in a research note on Thursday, April 30th. Truist Financial upped their target price on Avnet to $95.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Bank of America raised 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 note on Wednesday, May 13th. Finally, Zacks Research raised Avnet from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.00.

Avnet Company Profile

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.