Avnet Inc (NASDAQ: AVT) has reported E.P.S. of $1.00 for its second fiscal quarter (ending December 31) versus $1.31 for the same period a year ago — a decline of -24%. For the latest four quarters through December 31, E.P.S. were $3.57 versus $7.35 for the same period a year ago — a decline of -51%.
Recent Price Action
Avnet Inc (NASDAQ: AVT) stock increased 1.5% on 1/29/25. The shares closed at $53.24. Moreover, this advance was accompanied by unusually high trading volume at 199% of normal. The stock has performed in line with the market over the last nine months and has declined -2.6% during the last week.
Current PriceTarget Research Rating
Avnet has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Avnet has a neutral Power Rating of 52 but a very high Appreciation Score of 89, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment