Somewhat Positive Press Coverage Somewhat Unlikely to Impact Arrow Electronics (ARW) Stock Price
Media coverage about Arrow Electronics (NYSE:ARW) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Arrow Electronics earned a news impact score of 0.23 on Accern’s scale. Accern also assigned media stories about the technology company an impact score of 46.5272609988828 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- EZchip Semiconductor (EZCH) vs. Arrow Electronics (ARW) Head to Head Review (americanbankingnews.com)
- Arrow Electronics, Inc. (ARW) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Arrow Electronics (ARW) Upgraded by Raymond James Financial to Strong-Buy (americanbankingnews.com)
- Q2 2018 EPS Estimates for Arrow Electronics, Inc. Boosted by Analyst (ARW) (americanbankingnews.com)
- SunTrust Banks Comments on Arrow Electronics, Inc.’s Q1 2018 Earnings (ARW) (americanbankingnews.com)
A number of research firms recently commented on ARW. Zacks Investment Research cut Arrow Electronics from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Pivotal Research began coverage on Arrow Electronics in a report on Tuesday. They set a “buy” rating and a $98.00 price target for the company. Finally, Raymond James Financial upgraded Arrow Electronics from a “market perform” rating to a “strong-buy” rating and set a $93.00 price target for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Arrow Electronics presently has a consensus rating of “Buy” and a consensus price target of $90.00.
Arrow Electronics (NYSE:ARW) last issued its quarterly earnings data on Tuesday, February 6th. The technology company reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.21. Arrow Electronics had a return on equity of 14.12% and a net margin of 1.50%. The company had revenue of $7.63 billion during the quarter, compared to analysts’ expectations of $7.46 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The business’s revenue was up 18.5% on a year-over-year basis. sell-side analysts anticipate that Arrow Electronics will post 8.47 earnings per share for the current year.
In other news, insider Sean J. Kerins sold 3,816 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $78.87, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Matthew R. Anderson sold 1,416 shares of the business’s stock in a transaction that occurred on 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 owns 1,416 shares of the company’s stock, valued at approximately $111,864. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.dailypolitical.com/2018/02/13/somewhat-positive-press-coverage-somewhat-unlikely-to-impact-arrow-electronics-arw-stock-price.html.
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.
Receive News & Ratings for Arrow Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Arrow Electronics and related companies with MarketBeat.com's FREE daily email newsletter.