Q2 2018 EPS Estimates for Arrow Electronics, Inc. Boosted by Analyst (ARW)

Arrow Electronics, Inc. (NYSE:ARW) – Investment analysts at SunTrust Banks lifted their Q2 2018 earnings per share (EPS) estimates for Arrow Electronics in a research report issued on Tuesday. SunTrust Banks analyst W. Stein now anticipates that the technology company will post earnings per share of $1.97 for the quarter, up from their prior forecast of $1.94. SunTrust Banks also issued estimates for Arrow Electronics’ Q4 2018 earnings at $2.56 EPS.

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

Shares of Arrow Electronics (NYSE ARW) traded down $0.39 on Friday, reaching $75.93. 55,688 shares of the company traded hands, compared to its average volume of 483,500. The stock has a market cap of $6,983.44, a price-to-earnings ratio of 17.07, a P/E/G ratio of 0.82 and a beta of 1.17. Arrow Electronics has a 12-month low of $69.67 and a 12-month 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.

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

Several hedge funds have recently added to or reduced their stakes in ARW. Stifel Financial Corp increased its stake in shares of Arrow Electronics by 5.8% during the second quarter. Stifel Financial Corp now owns 9,608 shares of the technology company’s stock worth $757,000 after buying an additional 530 shares during the period. Balyasny Asset Management LLC increased its stake in shares of Arrow Electronics by 17.6% during the second quarter. Balyasny Asset Management LLC now owns 12,819 shares of the technology company’s stock worth $1,005,000 after buying an additional 1,919 shares during the period. Janus Henderson Group PLC increased its stake in shares of Arrow Electronics by 79.4% during the second quarter. Janus Henderson Group PLC now owns 19,260 shares of the technology company’s stock worth $1,510,000 after buying an additional 8,526 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Arrow Electronics by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 131,120 shares of the technology company’s stock worth $10,282,000 after buying an additional 2,312 shares during the period. Finally, Advisory Services Network LLC increased 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 worth $110,000 after buying an additional 1,170 shares during the period. Hedge funds and other institutional investors own 93.17% of the company’s stock.

In related news, insider Sean J. Kerins sold 3,816 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total transaction of $300,967.92. Following the sale, the insider now directly owns 25,552 shares in the company, valued at $2,015,286.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $79.00, for a total transaction of $111,864.00. Following the sale, the senior vice president now owns 1,416 shares in the company, valued at $111,864. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Q2 2018 EPS Estimates for Arrow Electronics, Inc. Boosted by Analyst (ARW)” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece of content can be viewed at https://www.com-unik.info/2018/02/09/q2-2018-eps-estimates-for-arrow-electronics-inc-boosted-by-analyst-arw.html.

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)

Receive News & Ratings for Arrow Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit