Equities research analysts expect that Arrow Electronics, Inc. (NYSE:ARW) will post sales of $7.61 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Arrow Electronics’ earnings, with the highest sales estimate coming in at $7.74 billion and the lowest estimate coming in at $7.25 billion. Arrow Electronics reported sales of $7.39 billion during the same quarter last year, which indicates a positive year over year growth rate of 3%. The firm is scheduled to announce its next quarterly earnings report on Thursday, August 1st.
According to Zacks, analysts expect that Arrow Electronics will report full-year sales of $30.34 billion for the current financial year, with estimates ranging from $29.05 billion to $31.04 billion. For the next fiscal year, analysts expect that the firm will post sales of $30.70 billion, with estimates ranging from $29.10 billion to $31.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Arrow Electronics.
Arrow Electronics (NYSE:ARW) last announced its earnings results on Thursday, May 2nd. The technology company reported $1.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.06). Arrow Electronics had a net margin of 2.40% and a return on equity of 14.46%. The firm had revenue of $7.16 billion for the quarter, compared to the consensus estimate of $6.96 billion. During the same period in the prior year, the business earned $1.88 EPS. The company’s quarterly revenue was up 4.1% compared to the same quarter last year.
ARW stock traded down $1.22 during trading hours on Friday, hitting $67.69. 9,930 shares of the stock traded hands, compared to its average volume of 564,131. The company has a current ratio of 1.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.65. Arrow Electronics has a one year low of $62.35 and a one year high of $86.62. The firm has a market capitalization of $6.03 billion, a P/E ratio of 7.69, a P/E/G ratio of 3.15 and a beta of 1.39. The firm has a 50-day moving average of $67.93.
Institutional investors have recently made changes to their positions in the stock. JOYN Advisors Inc. grew its holdings in shares of Arrow Electronics by 317.8% during the 4th quarter. JOYN Advisors Inc. now owns 610 shares of the technology company’s stock worth $42,000 after purchasing an additional 464 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of Arrow Electronics during the first quarter worth $55,000. Buffington Mohr McNeal bought a new stake in shares of Arrow Electronics during the first quarter worth $77,000. Private Capital Group LLC raised its position in shares of Arrow Electronics by 184.2% during the first quarter. Private Capital Group LLC now owns 1,009 shares of the technology company’s stock worth $78,000 after acquiring an additional 654 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Arrow Electronics by 22.0% during the first quarter. Signaturefd LLC now owns 1,302 shares of the technology company’s stock worth $100,000 after acquiring an additional 235 shares during the last quarter. 93.08% of the stock is owned by hedge funds and other institutional investors.
Arrow Electronics Company Profile
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.
Featured Story: Dividend Achievers
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.