Avnet, Inc. (NASDAQ:AVT) electronics wholesaler, is reporting first quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.18 per share.
For the full year, analysts predict revenues of $ 16571.10 million, while looking forward to income of $ 1.53 per share.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 3,800.00 million ~ $ 4,200.00 million
Click Here For More Historical Outlooks Of Avnet, Inc.
Previous Quarter Performance
Avnet, Inc. reported income for the fourth quarter of $ 0.64 per share, from the revenue of $ 4,160.00 million. The quarterly earnings 32.63 percent while revenues fell 11.13 percent compared with the same quarter last year. The top line results outshined analysts by $ 180.51 million or 4.54 percent.
Stock Performance
Shares of Avnet, Inc. traded low $ -0.49 or -1.85 percent on Tuesday, reaching $ 26.02 with volume of 1.46 million shares. Avnet, Inc. has traded high as $ 26.61 and has cracked $ 25.87 on the downward trend
According to the previous trading day, closing price of $ 26.02, representing a 48.52 % increase from the 52 week low of $ 17.85 and a 38.35 % decrease over the 52 week high of $ 43.00.
The company has a market capital of $ 2.57 billion and is part of the Technology sector and Electronics Distribution industry.
Recent Analyst recommendations
- On 3rd September 2020, upgraded by Longbow Research to Buy from Neutral rating.
Recent Stock Dividend Announcement
On August 4, 2020, the board of directors authorized quarterly dividend of $ 0.21 per share to holders of record as of the close of business on September 9, 2020, with payment date of September 23, 2020 and ex-dividend date on September 8, 2020.
Conference Call
Avnet, Inc. will be hosting a conference call at 4:30 PM eastern time on 28th October 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.avnet.com
Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors, and interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers.
