Arrow Electronics (NYSE:ARW) is scheduled to announce its earnings results before the market opens on Thursday, August 1st. Analysts expect the company to announce earnings of $1.56 per share for the quarter. Arrow Electronics has set its Q2 guidance at $1.94-2.06 EPS.
Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Thursday, May 2nd. The technology company reported $1.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.90 by ($0.06). The company 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 company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 earnings per share. On average, analysts expect Arrow Electronics to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
ARW stock opened at $72.63 on Wednesday. The stock has a market cap of $6.08 billion, a PE ratio of 8.16, a P/E/G ratio of 3.59 and a beta of 1.39. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.74 and a quick ratio of 1.21. Arrow Electronics has a one year low of $62.35 and a one year high of $86.62. The stock has a 50 day moving average price of $69.57.
ARW has been the subject of several recent analyst reports. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Bank of America raised shares of First Horizon National from an “underperform” rating to a “neutral” rating and set a $16.00 target price for the company in a research note on Tuesday, July 16th. Raymond James reaffirmed a “buy” rating and issued a $26.00 target price on shares of Propetro in a research note on Tuesday, July 2nd. Stifel Nicolaus cut shares of Tellurian from a “buy” rating to a “hold” rating and lowered their target price for the stock from $16.00 to $9.00 in a research note on Tuesday, July 16th. Finally, Citigroup cut shares of Galaxy Resources from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $76.31.
About Arrow Electronics
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.
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