Arrow Electronics (NYSE:ARW) Releases Q1 Earnings Guidance

Arrow Electronics (NYSE:ARW) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.74-1.86 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.75. The company issued revenue guidance of $6.4-6.8 billion, compared to the consensus revenue estimate of $6.58 billion.

Arrow Electronics (NYSE ARW) opened at $77.94 on Tuesday. The company has a current ratio of 1.56, a quick ratio of 1.15 and a debt-to-equity ratio of 0.59. Arrow Electronics has a twelve month low of $69.67 and a twelve month high of $87.26. The stock has a market capitalization of $6,673.82, a PE ratio of 17.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.17.

Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.30 by $0.21. The firm had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.46 billion. Arrow Electronics had a return on equity of 14.12% and a net margin of 1.50%. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.00 EPS. sell-side analysts forecast that Arrow Electronics will post 8.47 EPS for the current year.

Several research firms have commented on ARW. Pivotal Research set a $98.00 target price on shares of Arrow Electronics and gave the stock a buy rating in a research note on Tuesday. Raymond James Financial raised shares of Arrow Electronics from a market perform rating to a strong-buy rating and set a $93.00 price objective for the company in a research note on Monday. Finally, Zacks Investment Research cut shares of Arrow Electronics from a buy rating to a hold rating in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $90.00.

In other Arrow Electronics news, SVP Matthew R. Anderson sold 1,416 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $79.00, for a total value of $111,864.00. Following the transaction, the senior vice president now owns 1,416 shares in the company, valued at approximately $111,864. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sean J. Kerins sold 3,816 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total transaction of $300,967.92. Following the completion of the transaction, the insider now owns 25,552 shares in the company, valued at approximately $2,015,286.24. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate 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.

Earnings History and Estimates for Arrow Electronics (NYSE:ARW)

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