SunTrust Banks Comments on Arrow Electronics, Inc.’s Q1 2018 Earnings (ARW)

Arrow Electronics, Inc. (NYSE:ARW) – Analysts at SunTrust Banks lifted their Q1 2018 earnings per share estimates for Arrow Electronics in a research note issued on Tuesday. SunTrust Banks analyst W. Stein now expects that the technology company will post earnings per share of $1.80 for the quarter, up from their prior estimate of $1.79. SunTrust Banks also issued estimates for Arrow Electronics’ Q3 2018 earnings at $2.03 EPS, FY2018 earnings at $8.35 EPS, Q1 2019 earnings at $1.92 EPS, Q2 2019 earnings at $2.07 EPS, Q3 2019 earnings at $2.14 EPS, Q4 2019 earnings at $2.65 EPS and FY2019 earnings at $8.79 EPS.

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

Arrow Electronics (NYSE ARW) opened at $79.72 on Thursday. Arrow Electronics has a one year low of $69.67 and a one year high of $87.26. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.13 and a current ratio of 1.56. The company has a market cap of $6,903.62, a PE ratio of 17.81, a PEG ratio of 0.83 and a beta of 1.17.

Arrow Electronics (NYSE:ARW) last released its earnings results on Tuesday, February 6th. The technology company reported $2.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.21. Arrow Electronics had a return on equity of 14.12% and a net margin of 1.50%. The firm had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.46 billion. During the same quarter in the prior year, the company earned $2.00 EPS. The company’s revenue was up 18.5% on a year-over-year basis.

A number of large investors have recently modified their holdings of ARW. Cooke & Bieler LP lifted its stake in Arrow Electronics by 158.8% in the 4th quarter. Cooke & Bieler LP now owns 1,372,083 shares of the technology company’s stock valued at $110,330,000 after purchasing an additional 842,003 shares during the last quarter. Earnest Partners LLC acquired a new stake in Arrow Electronics in the 3rd quarter valued at about $32,587,000. Prudential Financial Inc. lifted its stake in Arrow Electronics by 76.5% in the 3rd quarter. Prudential Financial Inc. now owns 821,136 shares of the technology company’s stock valued at $66,027,000 after purchasing an additional 355,903 shares during the last quarter. Longview Partners Guernsey LTD lifted its stake in Arrow Electronics by 5.1% in the 3rd quarter. Longview Partners Guernsey LTD now owns 2,936,104 shares of the technology company’s stock valued at $236,092,000 after purchasing an additional 143,540 shares during the last quarter. Finally, PGGM Investments lifted its stake in Arrow Electronics by 231.2% in the 4th quarter. PGGM Investments now owns 192,200 shares of the technology company’s stock valued at $15,455,000 after purchasing an additional 134,160 shares during the last quarter. Institutional investors and hedge funds own 93.17% of the company’s stock.

In related 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 directly owns 25,552 shares in the company, valued at approximately $2,015,286.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Matthew R. Anderson sold 1,416 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were 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 owns 1,416 shares of the company’s stock, valued at $111,864. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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Arrow Electronics Company Profile

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 and Estimates for Arrow Electronics (NYSE:ARW)

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