Arrow Electronics (ARW) Getting Favorable News Coverage, Analysis Finds

Media headlines about Arrow Electronics (NYSE:ARW) have been trending positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Arrow Electronics earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave news coverage about the technology company an impact score of 45.3277189611503 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:

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A number of research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Arrow Electronics from a “hold” rating to a “buy” rating and set a $91.00 price objective on the stock in a research report on Monday, March 12th. Pivotal Research assumed coverage on shares of Arrow Electronics in a report on Tuesday, February 13th. They issued a “buy” rating and a $98.00 price target on the stock. Raymond James Financial upgraded shares of Arrow Electronics from a “market perform” rating to a “strong-buy” rating and set a $93.00 price target on the stock in a report on Monday, February 12th. Finally, ValuEngine cut shares of Arrow Electronics from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Arrow Electronics presently has an average rating of “Buy” and an average target price of $88.80.

NYSE ARW opened at $76.24 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.15 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $6,748.37, a PE ratio of 10.08, a P/E/G ratio of 0.90 and a beta of 1.16. Arrow Electronics has a 12 month low of $70.13 and a 12 month high of $87.26.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported $2.51 EPS for the quarter, topping the Zacks’ consensus estimate of $2.30 by $0.21. The firm had revenue of $7.63 billion for the quarter, compared to analysts’ expectations of $7.46 billion. Arrow Electronics had a net margin of 1.50% and a return on equity of 14.12%. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the prior year, the business posted $2.00 earnings per share. equities research analysts anticipate that Arrow Electronics will post 8.48 earnings per share for the current year.

In related news, insider Vincent P. Melvin sold 3,125 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $82.64, for a total value of $258,250.00. Following the completion of the sale, the insider now directly owns 18,371 shares of the company’s stock, valued at $1,518,179.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Michael J. Long sold 50,988 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $82.93, for a total transaction of $4,228,434.84. Following the completion of the sale, the chairman now directly owns 438,636 shares of the company’s stock, valued at $36,376,083.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 59,113 shares of company stock worth $4,898,398. Company insiders own 1.30% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Arrow Electronics (NYSE:ARW)

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