Zacks Research Comments on Avnet’s Q3 Earnings (NASDAQ:AVT)

Avnet, Inc. (NASDAQ:AVT) – Equities researchers at Zacks Research lifted their Q3 2026 EPS estimates for Avnet in a research report issued to clients and investors on Wednesday, February 11th. Zacks Research analyst Team now expects that the company will earn $1.26 per share for the quarter, up from their previous estimate of $1.20. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Avnet’s current full-year earnings is $3.41 per share. Zacks Research also issued estimates for Avnet’s Q4 2026 earnings at $1.33 EPS, FY2026 earnings at $4.48 EPS, Q1 2027 earnings at $1.37 EPS, Q2 2027 earnings at $1.69 EPS, Q3 2027 earnings at $1.60 EPS, Q4 2027 earnings at $1.66 EPS, FY2027 earnings at $6.32 EPS, Q1 2028 earnings at $1.74 EPS, Q2 2028 earnings at $1.87 EPS and FY2028 earnings at $7.16 EPS.

AVT has been the subject of a number of other research reports. Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a research note on Saturday, January 31st. Truist Financial boosted their price objective on Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, January 29th. Weiss Ratings raised Avnet from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, January 30th. Finally, Wells Fargo & Company increased their target price on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Avnet presently has a consensus rating of “Reduce” and an average target price of $54.33.

Avnet Price Performance

Shares of NASDAQ AVT opened at $65.79 on Thursday. The company has a quick ratio of 1.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average price is $53.52 and its two-hundred day moving average price is $51.95. The company has a market cap of $5.39 billion, a PE ratio of 26.96, a price-to-earnings-growth ratio of 0.49 and a beta of 0.93. Avnet has a twelve month low of $39.22 and a twelve month high of $67.57.

Avnet (NASDAQ:AVT) last issued its earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. The business had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $6.03 billion. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS.

Avnet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were paid a dividend of $0.35 per share. The ex-dividend date was Wednesday, December 3rd. This represents a $1.40 annualized dividend and a yield of 2.1%. Avnet’s dividend payout ratio is presently 57.38%.

Hedge Funds Weigh In On Avnet

Several hedge funds and other institutional investors have recently modified their holdings of AVT. Hantz Financial Services Inc. lifted its position in shares of Avnet by 132.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 526 shares of the company’s stock worth $27,000 after buying an additional 300 shares during the last quarter. BOKF NA raised its stake in Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after acquiring an additional 536 shares in the last quarter. MAI Capital Management raised its stake in Avnet by 53.7% during the third quarter. MAI Capital Management now owns 673 shares of the company’s stock worth $35,000 after acquiring an additional 235 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Avnet by 199.1% in the third quarter. Allworth Financial LP now owns 700 shares of the company’s stock worth $37,000 after acquiring an additional 466 shares during the last quarter. Finally, Quent Capital LLC acquired a new stake in shares of Avnet in the 3rd quarter valued at approximately $38,000. Institutional investors own 95.78% of the company’s stock.

Key Headlines Impacting Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Zacks raised its FY2026 EPS estimate to $4.48 (from $4.29) and lifted several near-term quarter forecasts (notably Q3 2026 to $1.26 and Q4 2026 to $1.33). These upward revisions signal stronger near-term earnings momentum that can support valuation. MarketBeat AVT Report
• Neutral Sentiment: Avnet was featured in a Zacks roundup of broker‑favored stocks amid AI and geopolitical concerns — inclusion may boost visibility but is not a direct catalyst. 5 Broker-Adored Stocks to Watch
• Neutral Sentiment: Reported short‑interest data in mid‑February appears unreliable/zero (entries show 0 shares and NaN changes), so short‑squeeze risk or informed short positioning is not currently a driver.
• Negative Sentiment: Zacks cut several longer‑term and some near‑term forecasts: FY2027 lowered to $6.32 (from $6.46) and FY2028 to $7.16 (from $7.41); cuts to Q1 2027 and Q1/Q2 2028 and Q4 2027 were also reported. Those downward revisions reduce medium‑/long‑term upside and likely contributed to selling pressure. MarketBeat AVT Report
• Negative Sentiment: Zacks maintained a “Hold” rating overall, reflecting mixed analyst conviction; a neutral rating combined with trimmed forward estimates often tempers investor enthusiasm and can weigh on the share price.

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.