Brokers Set Expectations for Arrow Electronics, Inc.’s Q2 2018 Earnings (ARW)

Arrow Electronics, Inc. (NYSE:ARW) – Research analysts at SunTrust Banks lifted their Q2 2018 EPS estimates for shares of Arrow Electronics in a report released on Tuesday. SunTrust Banks analyst W. Stein now anticipates that the technology company will post earnings of $1.97 per share for the quarter, up from their previous forecast of $1.94. SunTrust Banks also issued estimates for Arrow Electronics’ Q4 2018 earnings at $2.56 EPS.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.21. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.46 billion. Arrow Electronics had a return on equity of 14.12% and a net margin of 1.50%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.00 EPS.

Separately, Zacks Investment Research cut Arrow Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd.

Shares of Arrow Electronics (ARW) opened at $76.09 on Friday. The firm has a market capitalization of $6,693.99, a PE ratio of 17.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17. Arrow Electronics has a twelve month low of $69.67 and a twelve month high of $87.26. The company has a current ratio of 1.56, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59.

In other news, SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $79.00, for a total value of $111,864.00. Following the completion of the sale, the senior vice president now directly owns 1,416 shares of the company’s stock, valued at approximately $111,864. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Sean J. Kerins sold 3,816 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total value of $300,967.92. Following the completion of the sale, the insider now directly owns 25,552 shares of the company’s stock, valued at $2,015,286.24. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. FDx Advisors Inc. increased its stake in shares of Arrow Electronics by 23.5% in the 4th quarter. FDx Advisors Inc. now owns 25,580 shares of the technology company’s stock valued at $2,057,000 after acquiring an additional 4,868 shares during the last quarter. American International Group Inc. increased its stake in shares of Arrow Electronics by 0.8% in the 4th quarter. American International Group Inc. now owns 182,032 shares of the technology company’s stock valued at $14,637,000 after acquiring an additional 1,469 shares during the last quarter. Itau Unibanco Holding S.A. increased its stake in shares of Arrow Electronics by 51.1% in the 4th quarter. Itau Unibanco Holding S.A. now owns 7,179 shares of the technology company’s stock valued at $577,000 after acquiring an additional 2,429 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Arrow Electronics by 0.6% in the 4th quarter. UBS Asset Management Americas Inc. now owns 327,529 shares of the technology company’s stock valued at $26,337,000 after acquiring an additional 1,947 shares during the last quarter. Finally, BlackRock Inc. increased its stake in shares of Arrow Electronics by 1.8% in the 4th quarter. BlackRock Inc. now owns 8,300,258 shares of the technology company’s stock valued at $667,422,000 after acquiring an additional 150,230 shares during the last quarter. 93.17% of the stock is owned by institutional investors.

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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.

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

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