Arrow Electronics (ARW) to Release Quarterly Earnings on Thursday

Arrow Electronics (NYSE:ARW) is scheduled to be issuing its quarterly earnings data 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 posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.06). The business had revenue of $7.16 billion during the quarter, compared to analyst estimates of $6.96 billion. Arrow Electronics had a net margin of 2.40% and a return on equity of 14.46%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the prior year, the business 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.

Shares of ARW stock opened at $72.63 on Wednesday. The business’s 50-day moving average price is $69.57. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 8.16, a price-to-earnings-growth ratio of 3.59 and a beta of 1.39. Arrow Electronics has a 1 year low of $62.35 and a 1 year high of $86.62. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.21 and a current ratio of 1.74.

Several equities analysts have issued reports on ARW shares. Citigroup lowered Galaxy Resources from a “buy” rating to a “neutral” rating in a report on Tuesday, July 16th. ValuEngine raised Zumiez from a “sell” rating to a “hold” rating in a report on Monday, July 22nd. Cross Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a report on Thursday, June 20th. Raymond James reaffirmed a “buy” rating and set a $26.00 price objective on shares of Propetro in a report on Tuesday, July 2nd. Finally, Deutsche Bank set a $60.00 price objective on Taubman Centers and gave the stock a “hold” rating in a report on Tuesday, June 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $76.31.

Arrow Electronics Company Profile

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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Earnings History for Arrow Electronics (NYSE:ARW)

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