Somewhat Positive Press Coverage Somewhat Unlikely to Impact Arrow Electronics (NYSE:ARW) Share Price

Media headlines about Arrow Electronics (NYSE:ARW) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arrow Electronics earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.2510969916328 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Arrow Electronics (ARW) traded up $0.38 on Friday, hitting $83.67. The stock had a trading volume of 359,618 shares, compared to its average volume of 391,916. Arrow Electronics has a 52 week low of $68.55 and a 52 week high of $84.60. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $7,327.27, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, hitting the consensus estimate of $1.82. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The business had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter last year, the firm posted $1.56 earnings per share. The firm’s revenue was up 17.1% on a year-over-year basis. research analysts predict that Arrow Electronics will post 7.35 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd.

In other Arrow Electronics news, insider Sean J. Kerins sold 3,816 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total value of $300,967.92. Following the completion of the sale, the insider now owns 25,552 shares of the company’s stock, valued at $2,015,286.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Gail Hamilton sold 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $78.33, for a total value of $375,984.00. Following the completion of the sale, the director now directly owns 91 shares of the company’s stock, valued at approximately $7,128.03. The disclosure for this sale can be found here. Insiders have sold 10,032 shares of company stock valued at $788,816 in the last ninety days. 1.20% of the stock is currently owned by insiders.

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About Arrow Electronics

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.

Insider Buying and Selling by Quarter for Arrow Electronics (NYSE:ARW)

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