Arrow Electronics (ARW) Set to Announce Quarterly Earnings on Monday

Arrow Electronics (NYSE:ARW) is scheduled to be issuing its quarterly earnings data on Monday, February 5th. Arrow Electronics has set its Q4 guidance at $2.21-2.37 EPS.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ 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 revenue was up 17.1% on a year-over-year basis. During the same quarter last year, the business earned $1.56 EPS. On average, analysts expect Arrow Electronics to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of Arrow Electronics (NYSE:ARW) opened at $84.02 on Monday. The stock has a market cap of $7,420.00, a PE ratio of 14.79, a PEG ratio of 0.88 and a beta of 1.18. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. Arrow Electronics has a twelve month low of $68.55 and a twelve month high of $87.26.

Separately, Zacks Investment Research lowered shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd.

In other news, insider Sean J. Kerins sold 3,816 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,015,286.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gail Hamilton sold 4,800 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $7,128.03. The disclosure for this sale can be found here. Insiders sold a total of 10,032 shares of company stock valued at $788,816 in the last 90 days. Company insiders own 1.20% of the company’s stock.

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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.

Earnings History for Arrow Electronics (NYSE:ARW)

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