Arrow Electronics (ARW) Scheduled to Post Quarterly Earnings on Thursday

Arrow Electronics (NYSE:ARW) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Arrow Electronics to post earnings of $2.31 per share for the quarter. Arrow Electronics has set its Q1 guidance at $2.20-2.40 EPS and its Q1 2024 guidance at 2.200-2.400 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $3.98 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.26. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.84 billion. Arrow Electronics had a return on equity of 17.22% and a net margin of 2.73%. The firm’s revenue was down 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.69 EPS. On average, analysts expect Arrow Electronics to post $12 EPS for the current fiscal year and $16 EPS for the next fiscal year.

Arrow Electronics Stock Up 2.0 %

Shares of ARW stock opened at $127.58 on Thursday. Arrow Electronics has a fifty-two week low of $108.51 and a fifty-two week high of $147.42. The firm has a market capitalization of $6.89 billion, a PE ratio of 8.07 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.00 and a current ratio of 1.39. The stock’s 50-day simple moving average is $121.78 and its 200-day simple moving average is $119.08.

Wall Street Analyst Weigh In

Separately, Truist Financial cut their price target on shares of Arrow Electronics from $128.00 to $124.00 and set a “hold” rating on the stock in a report on Friday, February 9th.

Insider Buying and Selling

In other Arrow Electronics news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $121.00, for a total value of $180,895.00. Following the sale, the senior vice president now owns 15,271 shares in the company, valued at approximately $1,847,791. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Carine Lamercie Jean-Claude sold 1,495 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $121.00, for a total transaction of $180,895.00. Following the sale, the senior vice president now directly owns 15,271 shares of the company’s stock, valued at approximately $1,847,791. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Richard John Marano sold 1,900 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $116.46, for a total value of $221,274.00. Following the completion of the sale, the insider now directly owns 12,108 shares in the company, valued at $1,410,097.68. The disclosure for this sale can be found here. Insiders have sold a total of 4,134 shares of company stock valued at $488,795 over the last ninety days. Company insiders own 0.60% of the company’s stock.

Arrow Electronics Company Profile

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.