Media stories about Arrow Electronics (NYSE:ARW) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arrow Electronics earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 45.7942609029577 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
ARW has been the topic of a number of analyst reports. Zacks Investment Research upgraded Arrow Electronics from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Monday, September 11th. BidaskClub downgraded Arrow Electronics from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Deutsche Bank reaffirmed a “hold” rating and set a $81.00 price target (up previously from $76.00) on shares of Arrow Electronics in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $83.25.
Shares of Arrow Electronics (NYSE ARW) traded down $0.70 during mid-day trading on Wednesday, hitting $77.04. The stock had a trading volume of 417,069 shares, compared to its average volume of 494,938. The firm has a market cap of $6,836.38, a PE ratio of 11.01, a PEG ratio of 0.93 and a beta of 1.18. Arrow Electronics has a fifty-two week low of $68.55 and a fifty-two week high of $84.53. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.57.
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, hitting analysts’ consensus estimates of $1.82. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The company had revenue of $6.95 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same quarter in the prior year, the firm posted $1.56 EPS. Arrow Electronics’s quarterly revenue was up 17.1% compared to the same quarter last year. research analysts expect that Arrow Electronics will post 7.35 EPS for the current year.
In other news, Director Gail Hamilton sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was 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 in the company, valued at $7,128.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Sean J. Kerins sold 3,816 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,032 shares of company stock valued at $788,816. 1.20% of the stock is owned by company 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.
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