Published: Sat, May 20, 2017
Business | By Max Garcia

Avnet, Inc. (AVT) Issues FY17 Earnings Guidance

Its down 2.24% from 6.11M shares previously. The average volume stands around 1.4 million shares.

Avnet, Inc. (NYSE:AVT) issued an update on its fourth quarter earnings guidance on Thursday morning. It has by 0.00% the S&P500. Its Average True Range (ATR) value figured out at 0.80. It was reported on May, 18 by $1.06 million worth of U.S. Bancorp (NYSE:USB) was sold by CARLSON JENNIE P on Friday, January 27.

Avnet, Inc is a distributor of electronic components, enterprise computer, networking and storage products and software, and embedded subsystems. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of 8.852 and a beta of 1.16. The Firm operates through Electronics Marketing segment. It has a 16.37 P/E ratio. 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.

Among 8 analysts covering Avnet Inc.

In the past 5 years, the stock showed growth of 0.66% per annum. Therefore 0 are positive.

A number of other research analysts also recently issued reports on AVT.

Whereas they predicted High and Low Earnings Estimate as $0.8 and $0.72 respectively. UBS downgraded the stock to "Neutral" rating in Friday, July 1 report.

For the Current Quarter, the growth estimate for Avnet, -10.5%, while for the Next Quarter the stock growth estimate is -4%. The rating was maintained by Citigroup on Thursday, September 22 with "Sell". Citigroup has "Sell" rating and $35 target. Suntrust Robinson downgraded Avnet, Inc. The rating was downgraded by Stifel Nicolaus to "Hold" on Tuesday, September 20.

Investors sentiment decreased to 0.88 in Q4 2016. Its down 0.04, from 0.92 in 2016Q3. 37 funds opened positions while 107 raised stakes. Finemark Comml Bank & reported 297 shares stake. Buckhead Capital Mgmt Ltd Liability has 0.9% invested in Avnet, Inc. (NYSE:AVT). Bluemountain Cap Ltd has invested 0.01% of its portfolio in Avnet, Inc.

Agilent Technologies, Inc. (NYSE:A) shares moved to $56.83 after starting the day at $58.38 on Tuesday. It dived, as 46 investors sold GRA shares while 91 reduced holdings. Breton Hill Limited reported 14,426 shares. (NYSE:AVT). Acadian Asset Mngmt Limited invested in 769 shares or 0% of the stock. M&T Commercial Bank holds 0% in W. R. Grace & Co (NYSE:GRA) or 4,183 shares. California State Teachers Retirement stated it has 0.01% in EVRAZ plc (LON:EVR). (NYSE:AVT) to report earnings on August, 9.

Avnet, Inc. (NYSE:AVT) announced a starter kit specifically designed for the development of Industrial Internet of Things (IIoT) applications. (NYSE:AVT) for 40,400 shares. Brown Advisory holds 0% of its portfolio in W. R. Grace & Co (NYSE:GRA) for 12,175 shares. Pensa Paul sold 1,406 shares worth $111,330. Moreover, Goldman Sachs Group Inc has 0.04% invested in Avnet, Inc. (NYSE:AVT) for 719,488 shares.

Since February 7, 2017, it had 0 insider purchases, and 2 selling transactions for $374,536 activity. ROBINSON RAY M sold $139,536 worth of stock or 3,004 shares. 5,000 shares were sold by Miller MaryAnn G., worth $235,000. This represents a $0.72 dividend on an annualized basis and a yield of 2.00%. UTECHT ANDREA E sold 14,434 shares worth $1.08 million. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. Therefore 60% are positive. Avnet Inc. had 18 analyst reports since August 6, 2015 according to SRatingsIntel. Guggenheim upgraded the stock to "Buy" rating in Friday, August 28 report. The stock of U.S. Bancorp (NYSE:USB) earned "Outperform" rating by RBC Capital Markets on Wednesday, October 7. The stock of Prologis Inc (NYSE:PLD) has "Buy" rating given on Tuesday, September 8 by Evercore. The rating was upgraded by Goldman Sachs to "Neutral" on Tuesday, June 7. Piper Jaffray upgraded the shares of FMC in report on Monday, November 28 to "Neutral" rating. The company was downgraded on Friday, April 29 by Brean Capital.

Analysts await Prologis Inc (NYSE:PLD) to report earnings on July, 18. During the same period in the previous year, the firm earned $1.01 EPS. AVT's profit will be $94.26 million for 11.75 P/E if the $0.77 EPS becomes a reality. The company beat the analyst EPS Estimate with the difference of $0.02.

Investors sentiment decreased to 1.08 in Q4 2016. Its down 0.10, from 0.98 in 2016Q3. Kcg Holding invested in 9,594 shares. 72 funds opened positions while 120 raised stakes. Price T Rowe Md reported 71,361 shares. Amg Funds Ltd reported 1.06% in FMC Corp (NYSE:FMC). Ent Fincl stated it has 378 shares or 0.01% of all its holdings. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys reported 0.03% stake.

Caxton Associates Lp increased Grace W R & Co Del New (GRA) stake by 16.67% reported in 2016Q4 SEC filing. Clinton Gp Inc has 5,524 shares for 0.02% of their portfolio. Trexquant Ltd Partnership accumulated 13,737 shares. Stockholders of record on Tuesday, June 6th will be paid a $0.18 dividend. Shell Asset Management Company holds 0.01% or 3,353 shares in its portfolio. Strs Ohio invested 0.12% of its portfolio in FMC Corp (NYSE:FMC). Teachers And Annuity Association Of America invested 0.49% in W. R. Grace & Co (NYSE:GRA).

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