Arrow Electronics, Inc. (NYSE:ARW) – Equities research analysts at SunTrust Banks lowered their Q4 2019 earnings per share (EPS) estimates for Arrow Electronics in a report released on Tuesday, July 16th, according to Zacks Investment Research. SunTrust Banks analyst W. Stein now expects that the technology company will post earnings per share of $2.30 for the quarter, down from their previous forecast of $2.61. SunTrust Banks also issued estimates for Arrow Electronics’ Q1 2020 earnings at $1.76 EPS, Q2 2020 earnings at $2.11 EPS, Q3 2020 earnings at $2.19 EPS and Q4 2020 earnings at $2.58 EPS.
Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.06). The business had revenue of $7.16 billion for the quarter, compared to analyst estimates of $6.96 billion. Arrow Electronics had a return on equity of 14.46% and a net margin of 2.40%. The business’s revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.88 earnings per share.
A number of other equities analysts have also weighed in on the stock. ValuEngine upgraded shares of Zumiez from a “sell” rating to a “hold” rating in a research report on Monday. Raymond James reiterated a “buy” rating and issued a $26.00 target price on shares of Propetro in a report on Tuesday, July 2nd. Stifel Nicolaus lowered shares of Tellurian from a “buy” rating to a “hold” rating and decreased their target price for the company from $16.00 to $9.00 in a report on Tuesday, July 16th. Citigroup lowered shares of Galaxy Resources from a “buy” rating to a “neutral” rating in a report on Tuesday, July 16th. Finally, Bank of America upgraded shares of First Horizon National from an “underperform” rating to a “neutral” rating and set a $16.00 target price on the stock in a report on Tuesday, July 16th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.31.
ARW traded up $1.28 on Wednesday, reaching $71.00. 867 shares of the company’s stock were exchanged, compared to its average volume of 568,509. The firm has a market capitalization of $5.83 billion, a PE ratio of 7.99, a PEG ratio of 3.45 and a beta of 1.39. Arrow Electronics has a twelve month low of $62.35 and a twelve month high of $86.62. The business has a fifty day moving average price of $68.87. The company has a current ratio of 1.74, a quick ratio of 1.21 and a debt-to-equity ratio of 0.65.
A number of large investors have recently bought and sold shares of ARW. Reilly Financial Advisors LLC boosted its holdings in shares of Arrow Electronics by 4.3% in the 2nd quarter. Reilly Financial Advisors LLC now owns 129,497 shares of the technology company’s stock valued at $9,229,000 after buying an additional 5,333 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Arrow Electronics by 92.0% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 672 shares of the technology company’s stock valued at $48,000 after buying an additional 322 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of Arrow Electronics in the 2nd quarter valued at $119,000. Oakbrook Investments LLC boosted its holdings in shares of Arrow Electronics by 56.7% in the 2nd quarter. Oakbrook Investments LLC now owns 4,700 shares of the technology company’s stock valued at $335,000 after buying an additional 1,700 shares in the last quarter. Finally, CenturyLink Investment Management Co acquired a new position in shares of Arrow Electronics in the 2nd quarter valued at $1,186,000. Institutional investors own 93.20% 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 worldwide. The company operates in two segments, Global Components and Global Enterprise Computing Solutions. The Global Components segment markets and distributes semiconductor products and related services; passive, electro-mechanical, and interconnect products consisting primarily of capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; and computing and memory products, as well as other products and services.