After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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
Avnet Inc. is listed on the NASDAQ as a member of the Technology sector and is a part of the Electronics & Computer Distribution industry. At the end of the last regular session, the stock closed at $47.50 and fluctuated between $48.56 as its day high and $47.24 as its day low. The current market capitalization of Avnet Inc. is $4.29B. A total of 0.74 million shares were traded on the day, compared to an average of 584.66K shares.
In the most recent transaction, Obregon-Jimenez Rebeca sold 2,210 shares of AVT for 46.04 per share on Feb 22 ’24. After the transaction, the SVP now owns 14,281 company shares. In a previous transaction on Nov 24 ’23, 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 ’23 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 ’23. Company shares held by the Chief Executive Officer now total 176,334.
Dividend
It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Avnet Inc. pays an annual dividend of $1.22, resulting in a dividend yield of 2.57%, and it has a price to earnings (P/E) ratio of 6.57. 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.
Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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
A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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
It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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.
