Brokerages expect that Arrow Electronics, Inc. (NYSE:ARW) will announce earnings of $1.81 per share for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Arrow Electronics’ earnings. The highest EPS estimate is $1.82 and the lowest is $1.80. Arrow Electronics posted earnings of $1.56 per share during the same quarter last year, which would indicate a positive year over year growth rate of 16%. The company is scheduled to issue its next quarterly earnings report on Thursday, November 2nd.

On average, analysts expect that Arrow Electronics will report full year earnings of $7.30 per share for the current year, with EPS estimates ranging from $7.26 to $7.33. For the next year, analysts expect that the business will post earnings of $8.04 per share, with EPS estimates ranging from $7.90 to $8.12. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Arrow Electronics.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, August 3rd. The technology company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.01. Arrow Electronics had a return on equity of 13.52% and a net margin of 2.01%. The company had revenue of $6.47 billion during the quarter, compared to analyst estimates of $6.23 billion. During the same quarter last year, the firm posted $1.65 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis.

Several equities research analysts have issued reports on the company. Stifel Nicolaus raised their target price on Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, May 5th. Zacks Investment Research cut Arrow Electronics from a “buy” rating to a “hold” rating in a research note on Tuesday, May 9th. BidaskClub cut Arrow Electronics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG reissued a “hold” rating and set a $81.00 target price (up previously from $76.00) on shares of Arrow Electronics in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $76.00.

Shares of Arrow Electronics (NYSE:ARW) traded up 1.0505% during mid-day trading on Friday, reaching $78.1221. The company had a trading volume of 92,740 shares. The firm has a 50-day moving average price of $79.07 and a 200-day moving average price of $75.52. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 14.2845 and a beta of 1.13. Arrow Electronics has a 1-year low of $58.52 and a 1-year high of $84.53.

In other news, Chairman Michael J. Long sold 20,910 shares of Arrow Electronics stock in a transaction on Monday, August 14th. The stock was sold at an average price of $76.01, for a total value of $1,589,369.10. Following the completion of the sale, the chairman now directly owns 346,486 shares of the company’s stock, valued at $26,336,400.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Sean J. Kerins sold 4,477 shares of Arrow Electronics stock in a transaction on Friday, August 25th. The shares were sold at an average price of $77.16, for a total value of $345,445.32. Following the completion of the sale, the insider now directly owns 26,213 shares of the company’s stock, valued at $2,022,595.08. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC boosted its stake in shares of Arrow Electronics by 489.5% in 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 last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Arrow Electronics by 0.9% in the second quarter. Ameritas Investment Partners Inc. now owns 41,786 shares of the technology company’s stock worth $3,276,000 after buying an additional 371 shares during the last quarter. Cypress Capital Management LLC boosted its stake in shares of Arrow Electronics by 32.8% in the second quarter. Cypress Capital Management LLC now owns 8,277 shares of the technology company’s stock worth $649,000 after buying an additional 2,045 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of Arrow Electronics by 1.8% in 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 last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of Arrow Electronics by 79.4% in 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 last quarter. 93.30% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for Arrow Electronics (NYSE:ARW)

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