Arrow Electronics, Inc. (ARW) Expected to Post Earnings of $2.30 Per Share

Analysts expect Arrow Electronics, Inc. (NYSE:ARW) to post earnings of $2.30 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Arrow Electronics’ earnings, with estimates ranging from $2.26 to $2.32. Arrow Electronics posted earnings per share of $2.00 during the same quarter last year, which indicates a positive year over year growth rate of 15%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.

According to Zacks, analysts expect that Arrow Electronics will report full-year earnings of $7.36 per share for the current fiscal year, with EPS estimates ranging from $7.32 to $7.38. For the next fiscal year, analysts forecast that the business will post earnings of $8.26 per share, with EPS estimates ranging from $8.08 to $8.41. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that cover Arrow Electronics.

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

Separately, Zacks Investment Research lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th.

In related news, insider Sean J. Kerins sold 3,816 shares of the business’s stock in a transaction on 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 owns 25,552 shares of the company’s stock, valued at approximately $2,015,286.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gail Hamilton sold 4,800 shares of the business’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 directly owns 91 shares of the company’s stock, valued at approximately $7,128.03. The disclosure for this sale can be found here. In the last three months, insiders sold 10,032 shares of company stock valued at $788,816. 1.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of ARW. Advisory Services Network LLC increased its holdings in Arrow Electronics by 489.5% in the 2nd 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 in the last quarter. Advisor Group Inc. increased its holdings in Arrow Electronics by 76.1% in the 3rd quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock worth $145,000 after acquiring an additional 786 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in Arrow Electronics in the 3rd quarter worth $201,000. Boothbay Fund Management LLC acquired a new stake in Arrow Electronics during the 3rd quarter worth $212,000. Finally, Trexquant Investment LP acquired a new stake in Arrow Electronics during the 3rd quarter worth $239,000. 92.67% of the stock is owned by institutional investors.

Arrow Electronics (NYSE:ARW) traded up $2.81 during trading hours on Friday, hitting $86.94. 463,837 shares of the stock traded hands, compared to its average volume of 317,877. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.13 and a current ratio of 1.58. The stock has a market cap of $7,401.17, a price-to-earnings ratio of 15.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.18. Arrow Electronics has a 52-week low of $68.55 and a 52-week high of $87.26.

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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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