Arrow Electronics, Inc. (NYSE:ARW) Director Gail Hamilton sold 1,950 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $80.60, for a total transaction of $157,170.00.
Shares of ARW traded down $0.64 during mid-day trading on Tuesday, hitting $80.60. 362,138 shares of the company’s stock were exchanged, compared to its average volume of 596,166. The firm has a fifty day moving average of $76.35 and a two-hundred day moving average of $71.89. Arrow Electronics, Inc. has a twelve month low of $62.35 and a twelve month high of $86.62. The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 9.13, a P/E/G ratio of 10.97 and a beta of 1.37. The company has a quick ratio of 1.13, a current ratio of 1.61 and a debt-to-equity ratio of 0.62.
Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, October 31st. The technology company reported $1.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.19. Arrow Electronics had a negative net margin of 0.29% and a positive return on equity of 13.21%. The company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.04 billion. During the same quarter in the prior year, the business posted $2.15 EPS. Arrow Electronics’s quarterly revenue was down 5.5% on a year-over-year basis. On average, equities analysts predict that Arrow Electronics, Inc. will post 7.45 earnings per share for the current year.
ARW has been the topic of several research reports. TheStreet lowered shares of Arrow Electronics from a “b-” rating to a “c” rating in a research note on Friday, August 2nd. Stifel Nicolaus set a $75.00 price target on shares of Arrow Electronics and gave the stock a “hold” rating in a research note on Friday, November 1st. ValuEngine upgraded shares of Arrow Electronics from a “sell” rating to a “hold” rating in a research note on Monday, July 22nd. Citigroup increased their price target on shares of Arrow Electronics from $68.00 to $73.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Raymond James restated a “buy” rating and set a $87.00 price target (up previously from $80.00) on shares of Arrow Electronics in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Arrow Electronics presently has an average rating of “Hold” and an average target price of $77.86.
About Arrow Electronics
Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.
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