News coverage about Arrow Electronics (NYSE:ARW) has been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arrow Electronics earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 45.9132892288476 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
ARW has been the subject of several analyst reports. Zacks Investment Research cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Stifel Nicolaus restated a “buy” rating and set a $86.00 target price on shares of Arrow Electronics in a research report on Tuesday, September 12th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $81.00 price target (up from $76.00) on shares of Arrow Electronics in a research report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $83.25.
Arrow Electronics (NYSE ARW) traded down $1.49 during trading hours on Monday, reaching $77.71. 588,242 shares of the company’s stock were exchanged, compared to its average volume of 495,434. Arrow Electronics has a 12 month low of $68.55 and a 12 month high of $84.53. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.13 and a current ratio of 1.58. The stock has a market capitalization of $6,840.00, a P/E ratio of 11.22, a P/E/G ratio of 0.94 and a beta of 1.18.
Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The business had revenue of $6.95 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the business earned $1.56 EPS. The business’s revenue was up 17.1% on a year-over-year basis. research analysts anticipate that Arrow Electronics will post 7.35 earnings per share for the current year.
In related news, SVP Matthew R. Anderson sold 1,416 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $79.00, for a total transaction of $111,864.00. Following the transaction, the senior vice president now directly owns 1,416 shares of the company’s stock, valued at $111,864. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gail Hamilton sold 4,800 shares of Arrow Electronics stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total transaction of $375,984.00. Following the completion of the sale, the director now owns 91 shares of the company’s stock, valued at $7,128.03. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,032 shares of company stock worth $788,816. 1.20% of the stock is currently owned by insiders.
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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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