Positive Press Coverage Somewhat Unlikely to Affect Arrow Electronics (ARW) Stock Price
News stories about Arrow Electronics (NYSE:ARW) have been trending positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, 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 media stories about the technology company an impact score of 46.1427324603203 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Top Ranked Value Stocks to Buy for December 1st (finance.yahoo.com)
- ETFs with exposure to Arrow Electronics, Inc. : November 30, 2017 (finance.yahoo.com)
- Arrow Electronics, Inc. (ARW) Short Interest Up 165.5% in November (americanbankingnews.com)
- Arrow Electronics to Present at the Raymond James Technology Investors Conference – Business Wire (press release) (businesswire.com)
Arrow Electronics (ARW) traded down $1.53 during trading hours on Friday, hitting $79.20. The stock had a trading volume of 382,092 shares, compared to its average volume of 495,034. Arrow Electronics has a 1-year low of $67.78 and a 1-year high of $84.53. 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 company has a market cap of $6,890.00, a price-to-earnings ratio of 11.44, a P/E/G ratio of 0.96 and a beta of 1.20.
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, 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 analyst estimates of $6.58 billion. During the same period last year, the company earned $1.56 EPS. The firm’s revenue was up 17.1% on a year-over-year basis. sell-side analysts predict that Arrow Electronics will post 7.35 earnings per share for the current year.
A number of brokerages have commented on ARW. Zacks Investment Research lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus restated a “buy” rating and issued a $86.00 price target on shares of Arrow Electronics in a research report on Tuesday, September 12th. Deutsche Bank restated a “hold” rating and issued a $81.00 price target (up from $76.00) on shares of Arrow Electronics in a research report on Wednesday, August 9th. Finally, BidaskClub lowered Arrow Electronics from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Arrow Electronics currently has a consensus rating of “Hold” and a consensus price target of $83.25.
In other Arrow Electronics news, insider Sean J. Kerins sold 3,816 shares of Arrow Electronics stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total transaction of $300,967.92. Following the transaction, the insider now directly owns 25,552 shares in the company, valued at $2,015,286.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gail Hamilton sold 4,800 shares of Arrow Electronics stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $78.33, for a total value of $375,984.00. Following the transaction, the director now owns 91 shares in the company, valued at $7,128.03. The disclosure for this sale can be found here. Insiders sold a total of 10,032 shares of company stock worth $788,816 over the last 90 days. 1.20% of the stock is owned by corporate insiders.
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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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