Brokerages Expect Arrow Electronics, Inc. (NYSE:ARW) Will Post Earnings of $4.53 Per Share

Wall Street analysts expect that Arrow Electronics, Inc. (NYSE:ARWGet Rating) will announce earnings per share (EPS) of $4.53 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Arrow Electronics’ earnings, with the lowest EPS estimate coming in at $4.52 and the highest estimate coming in at $4.54. Arrow Electronics posted earnings per share of $2.84 during the same quarter last year, which would indicate a positive year-over-year growth rate of 59.5%. The business is scheduled to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Arrow Electronics will report full-year earnings of $18.48 per share for the current year, with EPS estimates ranging from $16.88 to $19.70. For the next financial year, analysts forecast that the company will post earnings of $17.09 per share, with EPS estimates ranging from $13.26 to $20.36. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that follow Arrow Electronics.

Arrow Electronics (NYSE:ARWGet Rating) last announced its quarterly earnings results on Thursday, February 3rd. The technology company reported $5.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.42 by $0.95. Arrow Electronics had a net margin of 3.21% and a return on equity of 21.65%. The company had revenue of $9.02 billion for the quarter, compared to analyst estimates of $8.92 billion. During the same quarter last year, the business earned $3.17 EPS. Arrow Electronics’s revenue for the quarter was up 6.6% on a year-over-year basis.

ARW has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “strong-buy” rating and set a $146.00 price objective for the company in a report on Tuesday, February 8th. Truist Financial decreased their price target on shares of Arrow Electronics from $143.00 to $126.00 and set a “hold” rating for the company in a report on Friday, April 8th. StockNews.com assumed coverage on shares of Arrow Electronics in a research note on Thursday, March 31st. They set a “strong-buy” rating for the company. Finally, Raymond James upgraded shares of Arrow Electronics from a “market perform” rating to an “outperform” rating and set a $150.00 price target on the stock in a research report on Wednesday, February 2nd.

In other news, COO Sean J. Kerins sold 8,687 shares of the company’s stock in a transaction dated Friday, February 18th. The shares were sold at an average price of $123.08, for a total value of $1,069,195.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Christopher Stansbury sold 52,993 shares of the firm’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $121.60, for a total transaction of $6,443,948.80. The disclosure for this sale can be found here. Insiders sold 98,580 shares of company stock valued at $12,053,449 over the last 90 days. 1.00% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in ARW. National Bank of Canada FI acquired a new position in Arrow Electronics during the fourth quarter worth about $31,000. CWM LLC bought a new stake in Arrow Electronics in the fourth quarter valued at approximately $43,000. Lindbrook Capital LLC boosted its holdings in Arrow Electronics by 71.7% in the fourth quarter. Lindbrook Capital LLC now owns 328 shares of the technology company’s stock valued at $44,000 after acquiring an additional 137 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Arrow Electronics by 87.8% in the third quarter. Rockefeller Capital Management L.P. now owns 462 shares of the technology company’s stock valued at $51,000 after acquiring an additional 216 shares during the last quarter. Finally, Covestor Ltd bought a new stake in Arrow Electronics in the fourth quarter valued at approximately $76,000. 93.55% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics stock opened at $109.07 on Monday. The stock has a market cap of $7.31 billion, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 1.89 and a beta of 1.47. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.40 and a quick ratio of 1.03. Arrow Electronics has a 12-month low of $107.11 and a 12-month high of $137.95. The business’s fifty day moving average price is $120.55.

About Arrow Electronics (Get Rating)

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.

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