Brokers Set Expectations for Arrow Electronics, Inc.’s Q1 2018 Earnings (ARW)

Arrow Electronics, Inc. (NYSE:ARW) – Stock analysts at SunTrust Banks boosted their Q1 2018 earnings 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 previous 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.

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

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

Arrow Electronics (ARW) opened at $76.09 on Thursday. Arrow Electronics has a twelve month low of $69.67 and a twelve month high of $87.26. The firm has a market cap of $6,693.99, a P/E ratio of 10.08, a P/E/G ratio of 0.89 and a beta of 1.17. The company has a quick ratio of 1.13, a current ratio of 1.56 and a debt-to-equity ratio of 0.59.

In other Arrow Electronics news, insider Sean J. Kerins sold 3,816 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $78.87, for a total value 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 document filed with the SEC, which is available at the SEC website. Also, SVP Matthew R. Anderson sold 1,416 shares of the stock in a transaction 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 completion of 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. Company insiders own 1.20% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. raised its holdings 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 worth $3,276,000 after acquiring an additional 371 shares during the period. Stifel Financial Corp raised its holdings 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 acquiring an additional 530 shares during the period. Reilly Financial Advisors LLC raised its holdings in shares of Arrow Electronics by 0.7% during the third quarter. Reilly Financial Advisors LLC now owns 120,074 shares of the technology company’s stock worth $9,655,000 after acquiring an additional 785 shares during the period. Advisor Group Inc. raised its holdings 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 worth $145,000 after acquiring an additional 786 shares during the period. Finally, Oakbrook Investments LLC raised its holdings in shares of Arrow Electronics by 12.1% during the fourth quarter. Oakbrook Investments LLC now owns 7,400 shares of the technology company’s stock worth $595,000 after acquiring an additional 800 shares during the period. Institutional investors and hedge funds own 93.17% 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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