News articles about Arrow Electronics (NYSE:ARW) have trended somewhat positive on Thursday, according to Accern. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Arrow Electronics earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 46.3332880906052 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Arrow Electronics (NYSE:ARW) traded up $0.30 during trading on Thursday, reaching $84.13. The company’s stock had a trading volume of 304,008 shares, compared to its average volume of 410,175. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.57. Arrow Electronics has a twelve month low of $68.55 and a twelve month high of $84.74. The company has a market capitalization of $7,440.00, a P/E ratio of 14.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.18.
Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, November 2nd. The technology company reported $1.82 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.82. Arrow Electronics had a return on equity of 13.63% and a net margin of 2.00%. The business had revenue of $6.95 billion for the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the company posted $1.56 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. equities analysts expect that Arrow Electronics will post 7.35 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd.
In other Arrow Electronics news, SVP Matthew R. Anderson sold 1,416 shares of the company’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $79.00, for a total value of $111,864.00. Following the completion of the sale, the senior vice president now owns 1,416 shares in the company, valued at $111,864. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Sean J. Kerins sold 3,816 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was 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 approximately $2,015,286.24. The disclosure for this sale can be found here. Insiders sold 10,032 shares of company stock valued at $788,816 in the last 90 days. Company insiders own 1.20% of the company’s stock.
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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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