The Arrow Electronics (ARW) Getting Favorable Media Coverage, Report Finds

The Arrow Electronics (ARW) Getting Favorable Media Coverage, Report Finds

Here are some of the news stories that may have impacted AlphaOne Sentiment’s analysis:

News stories about Arrow Electronics (NYSE:ARW) have been trending positive on Monday, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Arrow Electronics earned a daily sentiment score of 0.30 on AlphaOne’s scale. AlphaOne also assigned media headlines about the technology company an impact score of 72 out of 100, meaning that recent press coverage is likely to have an effect on the company’s share price in the near term.

ARW has been the subject of several recent research reports. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a report on Thursday, February 9th. Stifel Nicolaus lifted their price objective on Arrow Electronics from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.17. Shares of Arrow Electronics (NYSE:ARW) opened at 76.43 on Monday. The company has a market cap of $6.79 billion, a P/E ratio of 13.16 and a beta of 1.25. Arrow Electronics has a 12 month low of $58.52 and a 12 month high of $78.23. The firm has a 50-day moving average price of $74.01 and a 200 day moving average price of $72.49.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, May 4th. The technology company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.02. The company had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Arrow Electronics had a return on equity of 10.22% and a net margin of 2.00%. Arrow Electronics’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. Equities analysts predict that Arrow Electronics will post $7.11 earnings per share for the current year. In related news, SVP Gretchen Zech sold 9,781 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $77.34, for a total value of $756,462.54. Following the completion of the transaction, the senior vice president now owns 17,186 shares of the company’s stock, valued at approximately $1,329,165.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Mary Catherine Morris sold 9,692 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $75.07, for a total value of $727,578.44. Following the sale, the insider now owns 21,570 shares of the company’s stock, valued at $1,619,259.90. The disclosure for this sale can be found here. Insiders sold a total of 28,233 shares of company stock valued at $2,148,561 in the last ninety days. 1.50% of the stock is currently owned by insiders.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings results on Thursday, May 4th. The technology company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.02. The company had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Arrow Electronics had a return on equity of 10.22% and a net margin of 2.00%. Arrow Electronics’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. Equities analysts predict that Arrow Electronics will post $7.11 earnings per share for the current year. Arrow Electronics Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “ARW”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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