Press coverage about Avnet (NYSE:AVT) has been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Avnet earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.6852492953488 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- $0.96 EPS Expected for Avnet (AVT) This Quarter (americanbankingnews.com)
- Avnet Investor Day 2018 Webcast Details (finance.yahoo.com)
- Free Post Earnings Research Report: Avnet Quarterly Earnings Advanced 15.91% (finance.yahoo.com)
- Avnet (AVT) and Voxx International (VOXX) Head to Head Contrast (americanbankingnews.com)
- Comparing RADA Electronic Industries (RADA) and Avnet (AVT) (americanbankingnews.com)
A number of analysts have weighed in on the stock. Pivotal Research assumed coverage on shares of Avnet in a report on Tuesday, February 13th. They set a “hold” rating and a $44.00 price objective on the stock. TheStreet cut shares of Avnet from a “b” rating to a “c+” rating in a report on Wednesday, May 2nd. Goldman Sachs cut shares of Avnet from a “neutral” rating to a “sell” rating and set a $34.00 price objective on the stock. in a report on Wednesday, May 16th. ValuEngine lowered shares of Avnet from a “buy” rating to a “hold” rating in a research report on Tuesday, April 24th. Finally, Zacks Investment Research upgraded shares of Avnet from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, April 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. Avnet presently has a consensus rating of “Hold” and an average price target of $39.71.
Shares of Avnet opened at $39.30 on Wednesday, according to Marketbeat. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.58 and a current ratio of 2.75. The company has a market cap of $4.63 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.08 and a beta of 0.99. Avnet has a 12-month low of $35.67 and a 12-month high of $44.85.
Avnet (NYSE:AVT) last announced its earnings results on Thursday, April 26th. The technology company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.06. The business had revenue of $4.80 billion for the quarter, compared to analyst estimates of $4.83 billion. Avnet had a negative net margin of 0.72% and a positive return on equity of 8.08%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $0.88 earnings per share. analysts anticipate that Avnet will post 3.52 earnings per share for the current year.
Avnet Company Profile
Avnet, Inc, together with its subsidiaries, distributes electronic components worldwide. The company operates through two segments, Electronic Components and Premier Farnell. The Electronic Components segment markets and sells semiconductors; electronic components, including interconnect, passive and electromechanical devices; and other integrated components from electronic component manufacturers.
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