Arrow Electronics, Inc. (NYSE:ARW) – Analysts at SunTrust Banks increased their FY2017 earnings per share (EPS) estimates for shares of Arrow Electronics in a research report issued on Thursday. SunTrust Banks analyst W. Stein now anticipates that the technology company will post earnings per share of $7.30 for the year, up from their prior estimate of $7.02. SunTrust Banks also issued estimates for Arrow Electronics’ Q4 2017 earnings at $2.26 EPS, Q2 2018 earnings at $1.99 EPS, Q3 2018 earnings at $1.94 EPS, Q4 2018 earnings at $2.41 EPS and FY2018 earnings at $8.04 EPS.

Several other analysts have also recently issued reports on ARW. Zacks Investment Research raised Arrow Electronics from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Tuesday, April 11th. Stifel Nicolaus raised their price objective on Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, May 5th. Finally, BidaskClub cut Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $76.40.

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Arrow Electronics (NYSE:ARW) opened at 79.81 on Monday. The stock’s 50 day moving average price is $79.76 and its 200-day moving average price is $75.11. Arrow Electronics has a 12 month low of $58.51 and a 12 month high of $84.53. The firm has a market capitalization of $7.09 billion, a price-to-earnings ratio of 13.75 and a beta of 1.13.

Arrow Electronics (NYSE:ARW) last issued its earnings results on Thursday, August 3rd. The technology company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Arrow Electronics had a return on equity of 13.52% and a net margin of 2.01%. The company had revenue of $6.47 billion for the quarter, compared to analyst estimates of $6.23 billion. During the same period in the prior year, the firm earned $1.65 earnings per share. Arrow Electronics’s revenue for the quarter was up 8.3% on a year-over-year basis.

In other news, SVP Gretchen Zech sold 9,781 shares of the firm’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $77.34, for a total value of $756,462.54. Following the completion of the sale, the senior vice president now owns 17,186 shares of the company’s stock, valued at approximately $1,329,165.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Mary Catherine Morris sold 9,692 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $75.07, for a total value of $727,578.44. Following the completion of the sale, the insider now directly owns 21,570 shares of the company’s stock, valued at approximately $1,619,259.90. The disclosure for this sale can be found here. Insiders sold a total of 28,233 shares of company stock valued at $2,148,561 in the last three months. Insiders own 1.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Reilly Financial Advisors LLC boosted its stake in Arrow Electronics by 3.6% in the first quarter. Reilly Financial Advisors LLC now owns 112,584 shares of the technology company’s stock worth $8,265,000 after buying an additional 3,865 shares during the last quarter. Regentatlantic Capital LLC boosted its stake in Arrow Electronics by 5.3% in the first quarter. Regentatlantic Capital LLC now owns 42,843 shares of the technology company’s stock worth $3,145,000 after buying an additional 2,144 shares during the last quarter. Morgan Stanley boosted its stake in Arrow Electronics by 97.5% in the first quarter. Morgan Stanley now owns 441,079 shares of the technology company’s stock worth $32,380,000 after buying an additional 217,695 shares during the last quarter. Elkfork Partners LLC boosted its stake in Arrow Electronics by 59.6% in the first quarter. Elkfork Partners LLC now owns 9,656 shares of the technology company’s stock worth $709,000 after buying an additional 3,604 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Arrow Electronics by 25.4% in the first quarter. Swiss National Bank now owns 317,348 shares of the technology company’s stock worth $23,297,000 after buying an additional 64,300 shares during the last quarter. 94.45% of the stock is owned by hedge funds and other institutional investors.

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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