Equities research analysts predict that Arrow Electronics, Inc. (NYSE:ARW) will post sales of $7.45 billion for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Arrow Electronics’ earnings, with estimates ranging from $7.40 billion to $7.50 billion. Arrow Electronics posted sales of $6.44 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.7%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, February 6th.

On average, analysts expect that Arrow Electronics will report full year sales of $7.45 billion for the current year, with estimates ranging from $26.58 billion to $26.68 billion. For the next year, analysts anticipate that the business will post sales of $28.22 billion per share, with estimates ranging from $27.81 billion to $28.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Arrow Electronics.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, November 2nd. The technology company reported $1.82 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.82. Arrow Electronics had a net margin of 2.00% and a return on equity of 13.63%. The business had revenue of $6.95 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter last year, the firm posted $1.56 EPS. Arrow Electronics’s revenue was up 17.1% compared to the same quarter last year.

Separately, Zacks Investment Research downgraded shares of Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th.

Shares of Arrow Electronics (ARW) opened at $84.46 on Monday. Arrow Electronics has a 52-week low of $68.55 and a 52-week high of $87.26. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.58 and a quick ratio of 1.13. The stock has a market cap of $7,554.24, a price-to-earnings ratio of 14.87, a P/E/G ratio of 0.91 and a beta of 1.18.

In related news, SVP Matthew R. Anderson sold 1,416 shares of the business’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 sale, the senior vice president now directly owns 1,416 shares in the company, valued at approximately $111,864. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sean J. Kerins sold 3,816 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,015,286.24. The disclosure for this sale can be found here. Insiders have sold a total of 10,032 shares of company stock worth $788,816 over the last quarter. Company insiders own 1.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Csenge Advisory Group bought a new stake in Arrow Electronics in the 3rd quarter valued at about $291,000. Swiss National Bank raised its stake in Arrow Electronics by 1.0% in the 3rd quarter. Swiss National Bank now owns 327,248 shares of the technology company’s stock valued at $26,314,000 after acquiring an additional 3,100 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Arrow Electronics by 92.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 58,112 shares of the technology company’s stock valued at $4,673,000 after buying an additional 27,862 shares in the last quarter. FDx Advisors Inc. grew its holdings in Arrow Electronics by 23.0% during the 3rd quarter. FDx Advisors Inc. now owns 20,712 shares of the technology company’s stock valued at $1,665,000 after buying an additional 3,876 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Arrow Electronics during the 3rd quarter valued at about $1,749,000. Institutional investors and hedge funds own 92.94% 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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