Avnet, Inc.

AVT

US0538071038

Electronic Equipment & Parts

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-16 pm EDT			5-day change	1st Jan Change
53.07 ^USD	-0.71%		+2.55%	+5.30%

May. 13	Avnet Insider Sold Shares Worth $1,008,437, According to a Recent SEC Filing	MT
May. 02	Truist Adjusts Avnet's Price Target to $48 From $49 After Slight Q1 Miss, Notes Below-Consensus Q2 Guidance; Keeps Hold Rating	MT

Avnet, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024

May 01, 2024 at 08:00 am EDT

Avnet, Inc. provided earnings guidance for the fourth quarter of fiscal 2024. For the quarter, the company expects sales of $5.20 Billion ? $5.50 Billion with a mid point of $5.35 Billion, GAAP diluted earnings per share guidance of $0.80 to $0.85, with a mid point of $0.95.

Latest news about Avnet, Inc.

Avnet Insider Sold Shares Worth $1,008,437, According to a Recent SEC Filing	May. 13	MT
Truist Adjusts Avnet's Price Target to $48 From $49 After Slight Q1 Miss, Notes Below-Consensus Q2 Guidance; Keeps Hold Rating	May. 02	MT
Sector Update: Tech Stocks Slide Wednesday Afternoon	May. 01	MT
Transcript : Avnet, Inc., Q3 2024 Earnings Call, May 01, 2024	May. 01
Avnet Shares Slip After Q3 Adjusted Earnings, Revenue Miss Analysts' Estimates; Q4 Guidance Below Analysts' Expectations	May. 01	MT
(AVT) AVNET Expects Q4 EPS Range $0.90 - $1.00	May. 01	MT
Earnings Flash (AVT) AVNET Reports Q3 Revenue $5.65B, vs. Street Est of $5.72B	May. 01	MT
Earnings Flash (AVT) AVNET Reports Q3 EPS $1.10, vs. Street Est of $1.13	May. 01	MT
Avnet, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 30, 2024	May. 01	CI
Avnet, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024	May. 01	CI
Panasas Signs Worldwide Manufacturing and Fulfillment Partnership with Avnet	Apr. 18	CI
Transcript : Avnet, Inc. Presents at 45th Annual Raymond James Institutional Investors Conference 2024, Mar-04-2024 11:00 AM	Mar. 04
Avnet Maintains Quarterly Dividend at $0.31 a Share. Payable March 20 to Shareholders of Record March 6	Feb. 16	MT
Avnet, Inc. Declares Regular Quarterly Dividend, Payable on March 20, 2024	Feb. 16	CI
Avnet to Distribute Indie's Automotive Semiconductor Products	Feb. 08	MT
Indie Semiconductor, Inc. and Avnet, Inc. Enter Global Distribution Agreement	Feb. 08	CI
Goldman Sachs Cuts Price Target on Avnet to $42 From $48, Maintains Sell Rating	Feb. 01	MT
Transcript : Avnet, Inc., Q2 2024 Earnings Call, Jan 31, 2024	Jan. 31
Avnet's Fiscal Q2 Adjusted Earnings, Sales Fall; Q3 Guidance Issued	Jan. 31	MT
Earnings Flash (AVT) AVNET Reports Q2 Revenue $6.21B, vs. Street Est of $6.17B	Jan. 31	MT
Earnings Flash (AVT) AVNET Reports Q2 EPS $1.40, vs. Street Est of $1.40	Jan. 31	MT
Tranche Update on Avnet, Inc.'s Equity Buyback Plan announced on June 6, 2022.	Jan. 31	CI
Avnet, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 30, 2023	Jan. 31	CI
Avnet, Inc. Provides Earnings Guidance for the Third Quarter Ending March 30, 2024	Jan. 31	CI
North American Morning Briefing : Big Tech Weighs -2-	Jan. 31	DJ

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Company Profile

Avnet, Inc. is a global electronic component technology distributor and solutions provider. The Company markets, sells, and distributes electronic components from electronic component manufacturers, including semiconductors, interconnect, passive and electromechanical components, and other integrated and embedded components. Its primary operating groups include Electronic Components (EC) and Farnell. EC serves a variety of markets ranging from industrial to automotive to defense and aerospace. EC offers an array of customer support options throughout the entire product lifecycle, including turnkey and customized design, supply chain, new product introduction, programming, logistics and post-sales services. The Farnell operating group primarily supports lower-volume customers and distributes a portfolio of kits, tools, electronic components, industrial automation components, and test and measurement products to both engineers and entrepreneurs, primarily through an e-commerce channel.

Sector

Electronic Equipment & Parts

Calendar

2024-08-06 - Q4 2024 Earnings Release (Projected)

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Ratings for Avnet, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

53.07 USD

Average target price

48.83 USD

Spread / Average Target

-7.98%

Consensus

EPS Revisions

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Quarterly earnings - Rate of surprise

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Other Electronic Equipment & Parts

Avnet, Inc.

Equities

AVT

US0538071038

Electronic Equipment & Parts

Avnet, Inc. Provides Earnings Guidance for the Fourth Quarter of Fiscal 2024

EPS Revisions