Arrow Electronics, Inc. (ARW) Expected to Post Earnings of $2.29 Per Share

Brokerages forecast that Arrow Electronics, Inc. (NYSE:ARW) will post $2.29 earnings per share for the current quarter, Zacks reports. Four analysts have issued estimates for Arrow Electronics’ earnings. The highest EPS estimate is $2.31 and the lowest is $2.26. Arrow Electronics posted earnings of $2.00 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 14.5%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Arrow Electronics will report full-year earnings of $7.35 per share for the current fiscal year, with EPS estimates ranging from $7.32 to $7.37. For the next year, analysts forecast that the company will post earnings of $8.25 per share, with EPS estimates ranging from $8.08 to $8.41. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Arrow Electronics.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The firm had revenue of $6.95 billion for the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the prior year, the firm earned $1.56 EPS. The business’s revenue was up 17.1% on a year-over-year basis.

Several research analysts have recently commented on ARW shares. Zacks Investment Research cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $86.00 target price on shares of Arrow Electronics in a report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $83.25.

In other news, Director Gail Hamilton sold 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total transaction of $375,984.00. Following the transaction, the director now directly owns 91 shares of the company’s stock, valued at $7,128.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew R. Anderson sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the transaction, the senior vice president now directly owns 1,416 shares in the company, valued at $111,864. The disclosure for this sale can be found here. Insiders have sold 10,032 shares of company stock worth $788,816 over the last ninety days. Insiders own 1.20% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Synovus Financial Corp boosted its holdings in Arrow Electronics by 2.9% during the second quarter. Synovus Financial Corp now owns 4,541 shares of the technology company’s stock worth $353,000 after purchasing an additional 126 shares during the last quarter. M&T Bank Corp increased its holdings in Arrow Electronics by 2.1% in the 2nd quarter. M&T Bank Corp now owns 6,471 shares of the technology company’s stock worth $507,000 after buying an additional 136 shares during the period. People s United Financial Inc. increased its holdings in Arrow Electronics by 0.9% in the 2nd quarter. People s United Financial Inc. now owns 22,754 shares of the technology company’s stock worth $1,785,000 after buying an additional 206 shares during the period. Pictet Asset Management Ltd. increased its holdings in Arrow Electronics by 0.9% in the 2nd quarter. Pictet Asset Management Ltd. now owns 34,800 shares of the technology company’s stock worth $2,631,000 after buying an additional 300 shares during the period. Finally, Ameritas Investment Partners Inc. increased its holdings in Arrow Electronics by 0.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 41,786 shares of the technology company’s stock worth $3,276,000 after buying an additional 371 shares during the period. 92.72% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics (NYSE ARW) opened at $78.51 on Monday. Arrow Electronics has a fifty-two week low of $68.55 and a fifty-two week high of $84.53. The company has a market cap of $6,906.76, a P/E ratio of 11.12, a PEG ratio of 0.94 and a beta of 1.18. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57.

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About Arrow Electronics

Arrow Electronics, Inc is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The Company has a portfolio of product offerings available from various electronic components and enterprise computing solutions suppliers.

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Earnings History and Estimates for Arrow Electronics (NYSE:ARW)

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