News articles about Avnet (NYSE:AVT) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Avnet earned a news impact score of 0.17 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 44.622214986679 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s rankings:
Avnet (AVT) opened at $41.30 on Thursday. The stock has a market cap of $5,070.00, a PE ratio of 20.65, a PEG ratio of 1.37 and a beta of 1.09. Avnet has a twelve month low of $35.67 and a twelve month high of $48.20. The company has a current ratio of 2.78, a quick ratio of 1.63 and a debt-to-equity ratio of 0.29.
Avnet (NYSE:AVT) last announced its earnings results on Thursday, October 26th. The technology company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.05. Avnet had a net margin of 2.86% and a return on equity of 8.20%. The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis. equities research analysts forecast that Avnet will post 3.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Wednesday, December 6th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Tuesday, December 5th. Avnet’s payout ratio is presently 36.00%.
Avnet declared that its Board of Directors has authorized a stock buyback plan on Friday, November 10th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
A number of research analysts recently commented on the stock. TheStreet lowered shares of Avnet from a “b” rating to a “c” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Avnet from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a report on Tuesday, October 10th. Stifel Nicolaus raised their target price on shares of Avnet from $40.00 to $42.00 and gave the stock a “hold” rating in a report on Thursday, October 26th. ValuEngine raised shares of Avnet from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, Cross Research raised shares of Avnet from a “sell” rating to a “hold” rating in a research note on Friday, October 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $39.57.
In other Avnet news, CEO Amelio J. William purchased 3,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were acquired at an average cost of $39.16 per share, with a total value of $117,480.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.65% of the stock is owned by corporate insiders.
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Avnet, Inc is a distributor of electronic components, enterprise computer, networking and storage products and software, and embedded subsystems. The Company operates through Electronics Marketing (EM) segment. The EM segment markets and sells semiconductors; interconnect, passive and electromechanical devices (IP&E), and embedded products to a customer base serving various end markets.
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