Arrow Electronics, Inc. (NYSE:ARW) – SunTrust Banks raised their Q2 2018 earnings estimates for shares of Arrow Electronics in a research note issued on Tuesday. SunTrust Banks analyst W. Stein now expects that the technology company will post earnings of $1.97 per share for the quarter, up from their previous forecast of $1.94. SunTrust Banks also issued estimates for Arrow Electronics’ Q4 2018 earnings at $2.56 EPS.
Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.21. Arrow Electronics had a return on equity of 14.12% and a net margin of 1.50%. The business had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.46 billion. During the same quarter last year, the business posted $2.00 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis.
Shares of Arrow Electronics (ARW) traded down $0.39 during mid-day trading on Friday, hitting $75.93. The stock had a trading volume of 55,688 shares, compared to its average volume of 483,500. Arrow Electronics has a twelve month low of $69.67 and a twelve month high of $87.26. The stock has a market capitalization of $6,983.44, a PE ratio of 17.07, a P/E/G ratio of 0.82 and a beta of 1.17. The company has a current ratio of 1.56, a quick ratio of 1.13 and a debt-to-equity ratio of 0.59.
Several hedge funds have recently made changes to their positions in ARW. Advisory Services Network LLC boosted its stake in shares of Arrow Electronics by 489.5% during the second quarter. Advisory Services Network LLC now owns 1,409 shares of the technology company’s stock valued at $110,000 after acquiring an additional 1,170 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Arrow Electronics during the fourth quarter valued at $132,000. Advisor Group Inc. boosted its stake in shares of Arrow Electronics by 76.1% during the third quarter. Advisor Group Inc. now owns 1,819 shares of the technology company’s stock valued at $145,000 after acquiring an additional 786 shares during the last quarter. Calton & Associates Inc. acquired a new stake in shares of Arrow Electronics during the fourth quarter valued at $156,000. Finally, Paragon Capital Management Ltd acquired a new stake in shares of Arrow Electronics during the third quarter valued at $201,000. Institutional investors and hedge funds own 93.17% of the company’s stock.
In other news, insider Sean J. Kerins sold 3,816 shares of the firm’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total value of $300,967.92. Following the completion of the transaction, the insider now owns 25,552 shares in the company, valued at $2,015,286.24. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 completion of the transaction, the senior vice president now owns 1,416 shares of the company’s stock, valued at approximately $111,864. The disclosure for this sale can be found here. 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.
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