Equities research analysts predict that Arrow Electronics, Inc. (NYSE:ARW) will announce sales of $6.55 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Arrow Electronics’ earnings. The lowest sales estimate is $6.52 billion and the highest is $6.58 billion. Arrow Electronics posted sales of $5.94 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 10.3%. The company is scheduled to report its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Arrow Electronics will report full-year sales of $6.55 billion for the current fiscal year, with estimates ranging from $25.77 billion to $26.06 billion. For the next financial year, analysts forecast that the business will post sales of $26.87 billion per share, with estimates ranging from $26.48 billion to $27.16 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Arrow Electronics.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.77 by $0.01. The business had revenue of $6.47 billion during the quarter, compared to the consensus estimate of $6.23 billion. Arrow Electronics had a net margin of 2.01% and a return on equity of 13.52%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 earnings per share.

A number of equities analysts have recently commented on ARW shares. Deutsche Bank AG reissued a “hold” rating and issued a $81.00 target price (up previously from $76.00) on shares of Arrow Electronics in a research note on Wednesday, August 9th. BidaskClub downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $86.00 target price on shares of Arrow Electronics in a research note on Tuesday, September 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $76.67.

Arrow Electronics (NYSE:ARW) opened at 79.52 on Friday. The firm has a market cap of $7.02 billion, a P/E ratio of 14.54 and a beta of 1.12. Arrow Electronics has a 1-year low of $58.52 and a 1-year high of $84.53. The firm has a 50 day moving average of $77.72 and a 200 day moving average of $76.05.

ILLEGAL ACTIVITY NOTICE: “Analysts Expect Arrow Electronics, Inc. (ARW) Will Post Quarterly Sales of $6.55 Billion” was first posted by American Banking News and is the property of of American Banking News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/09/17/analysts-expect-arrow-electronics-inc-arw-will-post-quarterly-sales-of-6-55-billion.html.

In related news, insider Sean J. Kerins sold 4,477 shares of Arrow Electronics stock in a transaction on Friday, August 25th. The shares were sold at an average price of $77.16, for a total transaction of $345,445.32. Following the sale, the insider now owns 26,213 shares of the company’s stock, valued at approximately $2,022,595.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Michael J. Long sold 20,910 shares of Arrow Electronics stock in a transaction on Monday, August 14th. The stock was sold at an average price of $76.01, for a total transaction of $1,589,369.10. Following the sale, the chairman now directly owns 346,486 shares in the company, valued at approximately $26,336,400.86. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Arrow Electronics by 4,788.3% during the 1st quarter. BlackRock Inc. now owns 8,306,456 shares of the technology company’s stock worth $609,777,000 after buying an additional 8,136,530 shares during the period. Vanguard Group Inc. increased its stake in Arrow Electronics by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 7,643,715 shares of the technology company’s stock worth $599,421,000 after buying an additional 164,059 shares during the period. Wellington Management Group LLP increased its stake in Arrow Electronics by 7.3% during the 1st quarter. Wellington Management Group LLP now owns 6,069,251 shares of the technology company’s stock worth $445,543,000 after buying an additional 415,098 shares during the period. Boston Partners increased its stake in Arrow Electronics by 0.3% during the 2nd quarter. Boston Partners now owns 5,879,972 shares of the technology company’s stock worth $461,107,000 after buying an additional 15,047 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Arrow Electronics by 0.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,423,521 shares of the technology company’s stock worth $268,476,000 after buying an additional 18,653 shares during the period. 93.31% of the stock is currently 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.

Get a free copy of the Zacks research report on Arrow Electronics (ARW)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Arrow Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.