Economy

Avnet, Inc. (AVT) Releases FY18 Earnings Guidance

(NYSE:AVT) by 57.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The stock decreased 3.95% or $1.65 during the last trading session, reaching $40.07. Tocqueville Asset Management L.P.'s holdings in Avnet were worth $251,000 as of its most recent filing with the SEC.

Several research firms have commented on AVT. Geode Capital Management LLC increased its holdings in shares of Avnet by 7.0% in the 1st quarter. The company's revenue for the quarter was up 13.2% compared to the same quarter past year. It dropped, as 45 investors sold AVT shares while 120 reduced holdings. (NYSE:AVT). The Ontario - Canada-based Royal Bancorporation Of Canada has invested 0% in Avnet, Inc. Teachers Advisors Inc. now owns 186,624 shares of the company's stock worth $8,267,000 after buying an additional 7,239 shares during the last quarter. State Street Corp increased its holdings in shares of Avnet by 1.8% in the 1st quarter. Longview Partners Guernsey LTD now owns 4,142,514 shares of the technology company's stock valued at $161,061,000 after acquiring an additional 626,708 shares in the last quarter. Finally, AXA increased its position in shares of Avnet by 10.8% in the first quarter. Metropolitan Life Insurance Co. FMR LLC now owns 3,806,767 shares of the technology company's stock valued at $148,007,000 after acquiring an additional 1,922,592 shares in the last quarter. The stock's 52-week range is $35.67 to $51.50, and its 3-month range is $35.67 to $41.95. The firm earned "Buy" rating on Friday, July 31 by Jefferies. The firm has a 50-day moving average of $39.49 and a 200 day moving average of $38.94. The corporation has a market cap of US$5.07 Billion. Avnet, Inc. (NYSE:AVT) has declined 4.87% since October 27, 2016 and is downtrending. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.71 by $0.05.

Having a price of $41.72, Avnet (NYSE:AVT) traded -3.95% lower on the day.

Looking forward, for the quarter ending Jun-17, 8 analysts have a mean sales target of 4,487.92 million.

They expect $0.71 EPS, down 28.17% or $0.2 from last year's $0.91 per share. The firm's revenue was up 13.2% on a year-over-year basis.

A number of equities analysts have recently issued reports on the stock. On Thursday, August 10 the stock rating was maintained by Deutsche Bank with "Hold". Denver Invest Advisors Ltd Limited Liability Company owns 59,899 shares or 0.1% of their United States portfolio. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Zacks Investment Research raised Avnet from a "sell" rating to a "hold" rating in a report on Tuesday, July 4th. Stifel Nicolaus reaffirmed a "hold" rating and issued a $42.00 target price on shares of Avnet in a report on Thursday. Peel Hunt maintained the shares of CLL in report on Thursday, February 11 with "Buy" rating.

Among 4 analysts covering Cello Group (LON:CLL), 4 have Buy rating, 0 Sell and 0 Hold.

Currently, the stock carries a price to earnings ratio of 24.37, a price to book ratio of 1.76, and a price to sales ratio of 0.6.

The stock of Avnet, Inc. "(AVT) Shares Sold by PGGM Investments" was originally posted by Week Herald and is owned by of Week Herald. If you are reading this piece of content on another website, it was stolen and reposted in violation of USA & global trademark & copyright legislation. The correct version of this report can be read at https://weekherald.com/2017/10/26/avnet-inc-avt-shares-sold-by-pggm-investments.html.

The Company creates a link in the technology supply chain that connects electronic component and computer product manufacturers and software developers with a customer base of original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, original design manufacturers (ODMs), systems integrators (SIs), independent software vendors (ISVs) and value-added resellers (VARs).



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