Wall Street analysts expect Arrow Electronics, Inc. (NYSE:ARW) to report $7.43 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Arrow Electronics’ earnings. The highest sales estimate is $7.50 billion and the lowest is $7.40 billion. Arrow Electronics reported sales of $6.44 billion in the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The firm is scheduled to report its next earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Arrow Electronics will report full-year sales of $7.43 billion for the current fiscal year, with estimates ranging from $26.58 billion to $26.68 billion. For the next financial year, analysts anticipate that the business will report sales of $28.18 billion per share, with estimates ranging from $27.81 billion to $28.52 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Arrow Electronics.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The company had revenue of $6.95 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The company’s quarterly revenue was up 17.1% compared to the same quarter last year.

A number of research firms have recently commented on ARW. Zacks Investment Research lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reissued a “buy” rating and issued a $86.00 price target on shares of Arrow Electronics in a research report on Tuesday, September 12th.

In other news, SVP Matthew R. Anderson sold 1,416 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $79.00, for a total value of $111,864.00. Following the sale, the senior vice president now owns 1,416 shares in the company, valued at $111,864. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Gail Hamilton sold 4,800 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $78.33, for a total transaction of $375,984.00. Following the completion of the sale, the director now owns 91 shares in the company, valued at approximately $7,128.03. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,032 shares of company stock worth $788,816. 1.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the company. Advisory Services Network LLC grew its stake in shares of Arrow Electronics by 489.5% in the second quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock worth $110,000 after acquiring an additional 1,170 shares during the last quarter. Advisor Group Inc. grew its stake in shares of Arrow Electronics by 76.1% in the third quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock worth $145,000 after acquiring an additional 786 shares during the last quarter. Paragon Capital Management Ltd acquired a new stake in shares of Arrow Electronics in the third quarter worth $201,000. Boothbay Fund Management LLC acquired a new stake in shares of Arrow Electronics in the third quarter worth $212,000. Finally, Trexquant Investment LP acquired a new stake in shares of Arrow Electronics in the third quarter worth $239,000. Institutional investors and hedge funds own 92.67% of the company’s stock.

Arrow Electronics (NYSE:ARW) opened at $83.63 on Friday. Arrow Electronics has a 52-week low of $68.55 and a 52-week high of $84.53. The company has a market cap of $7,279.77, a P/E ratio of 14.72, a PEG ratio of 0.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.13.

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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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