According to Sachs, Wall Street brokerages predict that Arrow Electronics, Inc. (NYSE: ARW) to announce earnings of $ 4.53 per share (EPS) for the current quarter. Three analysts made Arrow Electronics revenue estimates with estimates ranging from $ 4.52 to $ 4.54. Arrow Electronics reported earnings of $ 2.84 per share in the same quarter last year, a positive increase over the same period last year of 59.5%. The firm plans to publish its next earnings report on Thursday, May 5th.
On average, analysts expect Arrow Electronics to report full-year earnings of $ 18.48 per share for the current fiscal year, and earnings per share will range from $ 16.88 to $ 19.70. In the next fiscal year, analysts expect the company’s earnings to be $ 17.54 per share, and earnings per share will range from $ 15.05 to $ 20.36. Earnings per share estimates Zacks Investment Research is an average based on a survey of research analysts who follow Arrow Electronics.
Arrow Electronics (NYSE: ARW) last released its quarterly earnings data on Thursday, February 3rd. The technology company reported earnings per share of $ 5.37 (EPS) for the quarter, beating consensus analysts ’estimates of $ 4.44 by $ 0.93. Arrow Electronics had a net margin of 3.21% and a return on equity of 21.65%. The firm’s revenue for the quarter was $ 9.02 billion compared to analysts’ expectations of $ 8.92 billion. Over the same period last year, the company earned $ 3.17 earnings per share. The company’s revenue grew by 6.6% compared to the same period last year.
A number of research analysts have recently weighed in on ARW shares. Raymond James raised Arrow Electronics shares from a “market performance” rating to a “superior” rating and set a target share price of $ 150.00 in a research report on Wednesday, February 2nd. Truist Financial raised its target price for shares of Arrow Electronics from $ 132.00 to $ 143.00 and assigned the shares a “hold” rating in a research report on Friday, February 4th. Finally, Zacks Investment Research raised shares of Arrow Electronics from a “hold” rating to a “strong buy” rating and set a target price for the stock of $ 146.00 in a research report on Tuesday, February 8th.
In other news, insider Vincent P. Melvin sold 8,748 shares of the company in a deal that took place on Monday, November 29th. The shares were sold at an average price of $ 124.25 for a total value of $ 1,086,939.00. The deal was disclosed in a document filed with the SEC, which is posted on the SEC website. Insiders own 1.10% of the company.
A number of major investors have recently changed their ARW stocks. State Street Corp increased its stake in Arrow Electronics by 4.6% in the 2nd quarter. State Street Corp. now owns 3,189,737 shares of the technology company worth $ 363,088,000 after buying an additional 139,909 shares in the last quarter. DNB Asset Management AS increased its stake in Arrow Electronics by 2.1% in the 4th quarter. DNB Asset Management AS now owns 3,129,473 shares of the technology company worth $ 420,194,000 after buying an additional 63,082 shares in the last quarter. Cooke & Bieler LP increased its stake in Arrow Electronics by 8.5% in the 3rd quarter. Cooke & Bieler LP now owns 2,930,716 shares of the technology company worth $ 329,090,000 after buying an additional 228,949 shares in the last quarter. LSV Asset Management increased its stake in Arrow Electronics by 3.5% in the 4th quarter. LSV Asset Management now owns 2,908,474 shares of the technology company worth $ 390,521,000 after buying an additional 99,525 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Arrow Electronics by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,678,748 shares of the technology company worth $ 300,808,000 after buying an additional 7,021 shares in the last quarter. 94.38% of the shares belong to institutional investors.
On Tuesday, ARW opened at $ 124.57. The company has a debt to equity ratio of 0.42, a current ratio of 1.40 and a fast ratio of 1.04. The firm’s moving average price for 50 days is $ 128.50. Arrow Electronics has a minimum of fifty-two weeks at $ 96.40 and a maximum of fifty-two weeks at $ 137.95. The company’s market capitalization is $ 8.67 billion, value for money is $ 8.19, P / E / G is $ 0.30 and beta is $ 1.48.
Arrow Electronics announced that its board had initiated a share buyback plan on Friday, Dec. 17, which allows the company to buy back $ 600.00 million in the shares placed. This buyout permit allows the technology company to buy up to 6.8% of its shares through open market purchases. Share repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
About Arrow Electronics
Arrow Electronics, Inc. is a provider of products, services and solutions for industrial and commercial users of electronic components and enterprise computing solutions. It operates in two segments: Global Components Business and Global Enterprise Computing Solutions. The Global Components segment includes the marketing and distribution of electronic components and provides a number of additional capabilities throughout the lifecycle of technology products and services through design, global marketing and integration, global logistics and supply chain management.
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