Arrow Electronics, Inc. (ARW) Expected to Post Quarterly Sales of $7.43 Billion

Equities analysts predict that Arrow Electronics, Inc. (NYSE:ARW) will post sales of $7.43 billion for the current quarter, according to Zacks. Four analysts have made estimates for Arrow Electronics’ earnings. The lowest sales estimate is $7.40 billion and the highest is $7.50 billion. Arrow Electronics reported sales of $6.44 billion in the same quarter last year, which indicates a positive year over year growth rate of 15.4%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Arrow Electronics will report full year sales of $7.43 billion for the current year, with estimates ranging from $26.58 billion to $26.68 billion. For the next financial year, analysts forecast that the business will post 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 an average based on a survey of analysts that that provide coverage for Arrow Electronics.

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

Separately, Zacks Investment Research downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th.

In other news, SVP Matthew R. Anderson sold 1,416 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the completion of the sale, the senior vice president now directly owns 1,416 shares in the company, valued at $111,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gail Hamilton sold 4,800 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total value of $375,984.00. Following the sale, the director now owns 91 shares of the company’s stock, valued at $7,128.03. The disclosure for this sale can be found here. Insiders have sold 10,032 shares of company stock valued at $788,816 over the last 90 days. Insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in ARW. State of Alaska Department of Revenue bought a new position in shares of Arrow Electronics during the fourth quarter worth about $426,000. Oakbrook Investments LLC lifted its position in shares of Arrow Electronics by 12.1% during the fourth quarter. Oakbrook Investments LLC now owns 7,400 shares of the technology company’s stock worth $595,000 after purchasing an additional 800 shares during the last quarter. Acadian Asset Management LLC lifted its position in shares of Arrow Electronics by 2,851.8% during the fourth quarter. Acadian Asset Management LLC now owns 18,803 shares of the technology company’s stock worth $1,512,000 after purchasing an additional 18,166 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Arrow Electronics by 4.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 385,491 shares of the technology company’s stock worth $30,998,000 after purchasing an additional 17,134 shares during the last quarter. Finally, Coastline Trust Co lifted its position in shares of Arrow Electronics by 9.9% during the fourth quarter. Coastline Trust Co now owns 9,590 shares of the technology company’s stock worth $771,000 after purchasing an additional 860 shares during the last quarter. Institutional investors own 92.67% of the company’s stock.

Shares of Arrow Electronics (NYSE ARW) opened at $86.94 on Monday. Arrow Electronics has a twelve month low of $68.55 and a twelve month high of $87.26. The stock has a market capitalization of $7,670.00, a price-to-earnings ratio of 15.31, a P/E/G ratio of 0.92 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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