Home News Latest Trend: Avnet (NASDAQ: AVT)

Latest Trend: Avnet (NASDAQ: AVT)

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Avnet is in the technology sector and is part of the computer hardware industry. The company CEO is William J. Amelio. Avnet Inc is a value-added distributor of electronic components, enterprise computer and storage products, IT solutions and services and embedded systems. Its business segments are Electronics Marketing and Technology Solutions.

Previous Intraday Trading Performance:

The AVT stock showed a previous change of 1.27% with an open at 42.60 and a close of 43.10. It reached an intraday high of 43.17 and a low of 42.36.

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Liquidity:

The stock has a market cap of $4.7b with 108.4m shares outstanding, of which the float is 106.3m shares. Trading volume reached 912,759 shares compared to its average volume of 974,040 shares. Based on the current average volume and close price, the trading liquidity is good.

Historical Trading Performance:

Over the last five trading days, Avnet shares returned 2.79% and in the past 30 trading days it returned 20.06%. Over three months, it changed 1.25%. In one year it has changed 8.88% and within that year its 52-week high was 49.41 and its 52-week low was 33.55. AVT stock is 28.46% above its 52 Week Low.

Our calculations show a 200 day moving average of 42.02 and a 50 day moving average of 40.16. Currently AVT stock is trading 2.58% above its 200 day moving average and may be a good opportunity to buy.

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Earnings:

The last annual fiscal EPS for the company was reported at -1.34 that ended on 30th of June 2018. Based on 6 analyst estimates, the consensus EPS for the next quarter is 0.97. The TTM EPS is 3.55, which comes to a TTM PE of 12.14.

The following are the last four quarter reported earnings per share:
12-31-2018:  1.04
09-30-2018:  1.03
06-30-2018:  0.99
03-31-2018:  1.02

The dividend per share is currently 0.80, which is a dividend yield of 1.86%. Also, the payout ratio is 22.54%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 29.72, which means it may be overvalued by -45.03%

Indicators to Watch:

Based on the latest filings, there is 1.80% of insider ownership and 140.80% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 1.21

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Fundamental Indicators:

Based on last reported financials, the company’s return on equity is -2.93%, return on assets is -1.48%, profit margin is -0.71%, price-to-sales is 0.23 and price-to-book is 1.05.

Company Scores:

All scores are out of six:
 1  :Valuation Score
 0  :Past Performance Score
 3  :Financial Strength Score
 3  :Future Growth Score
 2  :Dividend Score
 1  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.