$2.29 Earnings Per Share Expected for Arrow Electronics, Inc. (ARW) This Quarter

Wall Street analysts expect that Arrow Electronics, Inc. (NYSE:ARW) will post earnings per share of $2.29 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Arrow Electronics’ earnings. The highest EPS estimate is $2.31 and the lowest is $2.26. Arrow Electronics posted earnings per share of $2.00 in the same quarter last year, which indicates a positive year over year growth rate of 14.5%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 6th.

On average, analysts expect that Arrow Electronics will report full-year earnings of $7.35 per share for the current fiscal year, with EPS estimates ranging from $7.32 to $7.37. For the next financial year, analysts expect that the firm will report earnings of $8.25 per share, with EPS estimates ranging from $8.08 to $8.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that follow Arrow Electronics.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, hitting the consensus estimate of $1.82. The company 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%. Arrow Electronics’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.56 earnings per share.

ARW has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Monday, September 11th. Stifel Nicolaus reaffirmed a “buy” rating and set a $86.00 price objective on shares of Arrow Electronics in a research note on Tuesday, September 12th.

Arrow Electronics (ARW) opened at $81.76 on Thursday. 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 company has a market cap of $7,170.00, a price-to-earnings ratio of 14.39, a price-to-earnings-growth ratio of 0.85 and a beta of 1.18. Arrow Electronics has a one year low of $68.55 and a one year high of $84.53.

In other news, Director Gail Hamilton sold 4,800 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were 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 $7,128.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew R. Anderson sold 1,416 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $79.00, for a total transaction of $111,864.00. Following the sale, the senior vice president now directly owns 1,416 shares of the company’s stock, valued at $111,864. 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 ninety days. 1.20% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Synovus Financial Corp boosted its stake in shares of Arrow Electronics by 2.9% during the second quarter. Synovus Financial Corp now owns 4,541 shares of the technology company’s stock valued at $353,000 after purchasing an additional 126 shares during the period. M&T Bank Corp boosted its stake in shares of Arrow Electronics by 2.1% during the second quarter. M&T Bank Corp now owns 6,471 shares of the technology company’s stock valued at $507,000 after purchasing an additional 136 shares during the period. People s United Financial Inc. boosted its stake in shares of Arrow Electronics by 0.9% during the second quarter. People s United Financial Inc. now owns 22,754 shares of the technology company’s stock valued at $1,785,000 after purchasing an additional 206 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Arrow Electronics by 0.9% during the second quarter. Ameritas Investment Partners Inc. now owns 41,786 shares of the technology company’s stock valued at $3,276,000 after purchasing an additional 371 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its stake in shares of Arrow Electronics by 0.5% during the second quarter. Brandywine Global Investment Management LLC now owns 81,476 shares of the technology company’s stock valued at $6,390,000 after purchasing an additional 420 shares during the period. 92.67% of the stock is owned by hedge funds and other institutional investors.

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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.

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