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Last $42.26 USD
Change Today +0.31 / 0.74%
Volume 1.0M
As of 4:15 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

avnet inc (AVT) Snapshot

Open
$42.09
Previous Close
$41.95
Day High
$42.76
Day Low
$41.61
52 Week High
03/23/15 - $47.27
52 Week Low
10/15/14 - $35.53
Market Cap
5.7B
Average Volume 10 Days
1.2M
EPS TTM
$4.55
Shares Outstanding
134.5M
EX-Date
09/4/15
P/E TM
9.3x
Dividend
$0.68
Dividend Yield
1.51%
Current Stock Chart for AVNET INC (AVT)

avnet inc (AVT) Related Businessweek News

No Related Businessweek News Found

avnet inc (AVT) Details

Avnet, Inc., together with its subsidiaries, distributes electronic components, enterprise computer and storage products, IT solutions and services, and embedded subsystems in the Americas, Europe, the Middle East, Africa, and the Asia/Pacific. It operates through two segments, Electronics Marketing (EM) and Technology Solutions (TS). The EM segment markets and sells semiconductors; interconnect, passive, and electromechanical devices; and embedded products for the electronic component manufacturers, as well as offers an array of value-added services that enable customers to evaluate, design-in, and procure electronic components throughout the lifecycle of their technology products and systems. This segment offers its products and services to various customer base serving automotive, communications, computer hardware and peripherals, industrial and manufacturing, medical equipment, and defense and aerospace end-markets. The TS segment distributes enterprise computing servers and systems, software, storage, services, and complex solutions; and provides hard disk drives, microprocessors, motherboards, and DRAM module technologies to manufacturers of general-purpose computers and system builders. It also works with business partners to create and deliver data center and IT lifecycle solutions that solve the business challenges of end-user customers, as well as offers education, tools, resources, skill, and support solutions. This segment serves value-added resellers, independent software vendors, system integrators, and original equipment manufacturers (OEMs), as well as non-PC OEMs requiring embedded systems and solutions. The company was founded in 1955 and is headquartered in Phoenix, Arizona.

18,800 Employees
Last Reported Date: 08/7/15
Founded in 1955

avnet inc (AVT) Top Compensated Officers

Chairman of Executive Board, Chief Executive ...
Total Annual Compensation: $900.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $805.0K
Senior Vice President, Member of Executive Bo...
Total Annual Compensation: $418.8K
Chief Human Resources & Corporate Communicati...
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2014.

avnet inc (AVT) Key Developments

Avnet, Inc. and EMC Partner to Deliver Solutions in Australia

Avnet, Inc. announced that it has signed a distribution agreement with EMC. Avnet was selected as a global distributor to bring EMC's VSPEX BLUE to market in early 2015. The new agreement will see Avnet deliver the entire EMC portfolio to its network of resellers across Australia. Avnet will provide its independent software vendor (ISV), system integrator (SI) and value-added reseller (VAR) partners with EMC technology, including products for converged infrastructure and data solutions related to Big Data, cloud computing and storage. In addition, Avnet partners can take advantage of Avnet's integration services to offer pre-configured, fully-tested solutions based on EMC technology, which can be delivered to customers' sites with certified shipping.

Avnet, Inc. Announces Quarterly Dividend, Payable on September 18, 2015

Avnet, Inc. announced that its board of directors approved a 6.25% increase in the quarterly cash dividend to $0.17 per share. The dividend will be paid on September 18, 2015 to shareholders of record as of the close of business on September 9, 2015.

Avnet, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 27, 2015; Provides Earnings Guidance for the First Quarter of Fiscal 2016 Ending on October 03, 2015 and CapEx Guidance for the Fiscal 2016

Avnet, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended June 27, 2015. For the quarter, the company reported net income of $158,733,000 or $1.15 per diluted share on sales of $6,976,331,000 compared to net income of $186,264,000 or $1.33 per diluted share on sales of $7,048,708,000 reported in the same period last year. Operating income was $180,477,000 against $204,538,000 reported last year. Income before income taxes was $153,668,000 against $175,640,000 reported last year. Adjusted operating income was $243.8 million against $244.9 million reported last year. Adjusted net income was $159.5 million or $1.16 per diluted share against $160.1 million or $1.14 per diluted share reported last year. The company reported cash flow from operations to nearly $300 million for the June quarter. For the year, the company reported net income of $571,913,000 or $4.12 per diluted share on sales of $27,924,657,000 compared to net income of $545,604,000 or $3.89 per diluted share on sales of $27,499,654 reported in the same period last year. Operating income was $827,673,000 against $789,940,000 reported last year. Income before income taxes was $712,965,000 against $701,127,000 reported last year. Net cash flows provided by operating activities was $583,883,000 against $237,418,000 reported last year. Purchases of property, plant and equipment was $174,374,000 against $123,242,000 reported last year. Adjusted operating income was $972.5 million against $931.3 million reported last year. Adjusted net income was $623.1 million or $4.49 per diluted share against $594.1 million or $4.24 per diluted share reported last year. For the first quarter of fiscal 2016 ending on October 03, 2015, EM sales are expected to be in the range of $4.15 billion to $4.45 billion and TS sales are expected to be in the range of $2.25 billion to $2.55 billion, both of which include the impact of the extra week in the first fiscal quarter. Avnet sales are expected to be in the range of $6.40 billion and $7.00 billion. Adjusted diluted earnings per share are expected to be in the range of $0.97 to $1.07 per share. The guidance assumes 137 million average diluted shares outstanding and a tax rate of 27% to 31%. The company expects CapEx, would range it in the $140 million to around $170 million range for next year.

 

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Industry Analysis

AVT

Industry Average

Valuation AVT Industry Range
Price/Earnings 9.9x
Price/Sales 0.2x
Price/Book 1.2x
Price/Cash Flow 9.6x
TEV/Sales 0.1x
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