After Hours
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Avnet to Participate in the Raymond James Institutional Investors Conference on March 4.
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Stocks Info
AVT belongs to the Technology sector of the NASDAQ while operating in the Electronics & Computer Distribution industry. At the end of the last regular session, the stock closed at $47.27 and fluctuated between $47.73 as its day high and $46.90 as its day low. The current market capitalization of Avnet Inc. is $4.27B. A total of 0.57 million shares were traded on the day, compared to an average of 568.79K shares.
Insider Activity
Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AVT has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 14 BUYs and 2 SELLs from insiders. Insiders purchased 217,461 shares during that period but sold 105,591.
In the most recent transaction, Obregon-Jimenez Rebeca sold 2,210 shares of AVT for 46.04 per share on Feb 22. After the transaction, the SVP now owns 14,281 company shares. In a previous transaction on Nov 24, LAWRENCE JAMES A sold 8,190 shares at 47.30 per share. AVT shares that Director owns now total 0.
Among the insiders who sold shares, LAWRENCE JAMES A disposed of 6,910 shares on Nov 21 at a per-share price of $47.68. This resulted in the Director holding 8,190 shares of AVT after the transaction. In another insider transaction, GALLAGHER PHILIP R sold 32,740 shares at $41.35 per share on May 15. Company shares held by the Chief Executive Officer now total 176,334.
Dividend
Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Avnet Inc. pays an annual dividend of $1.22, resulting in a dividend yield of 2.58%, and it has a price to earnings (P/E) ratio of 6.53. AVT’s most recent ex-dividend date was 3/5/2024 when it declared a $0.31 quarterly dividend that was paid in cash on 3/20/2024. Previously, the company paid the dividend on 12/20/2023 with an ex-dividend date of 12/5/2023. The AVT stock dividend was $0.31 per share in cash.
While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, AVT has a high of $51.65 and a low of $39.64.
As of this writing, AVT has an earnings estimate of $1.1 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.15 per share and a lower estimate of $1.08. The company reported an EPS of $1.61 in the last quarter, which was 5.90% higher than expectations of $1.52.
Balance Sheet Annually/Quarterly
An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. AVT’s latest balance sheet shows that the firm has $153.69M in Cash & Short Term Investments as of fiscal 2022. There were $1.87B in debt and $4.25B in liabilities at the time. Its Book Value Per Share was $55.82, while its Total Shareholder’s Equity was $4.19B.
Analysts Opinion
There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AVT is Buy with a score of 2.67.
