Avnet Inc (NASDAQ: AVT) has reported E.P.S. of $0.67 for its first fiscal quarter (ending September 30) versus $2.29 for the same period a year ago — a decline of -71%. E.P.S. were $3.88 for the latest four quarters through September 30 versus $8.71 for the same period a year ago — a decline of -55%.
Recent Price Action
On 10/30/24, Avnet Inc (NASDAQ: AVT) stock enjoyed a very large increase of 5.9%, closing at $57.69. Moreover, this advance was accompanied by exceptionally high trading volume at 306% of normal. The stock has been strong relative to the market over the last nine months and has risen 6.7% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, AVT is expected to continue to be a Value Builder.
Avnet has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Avnet has a good Power Rating of 75 and a very high Appreciation Score of 88, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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