UBS Reiterates a 'Buy' on Arrow Electronics (ARW) as Thesis Remains Intact; Cutting Numbers After Q1 Disappoints
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Price: $213.99 +2.29%
Rating Summary:
5 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS reiterates a 'Buy' on Arrow Electronics (NYSE: ARW) price target cut $1 to $47.
Analyst, Amitabh Passi, said, "Q1 results, along with 2Q guidance, from ARW were slightly disappointing. Much of the 10bps OM shortfall in 1Q vs. UBSe is attributable to mix, with the higher-margin components (GC) segment coming in weaker while the lower-margin computing solutions segment (GECS) did better, along with slightly lower than expected OM in components. We reset our 2Q, 2012, 2013 Revs/EPS ests now to $5.25b/$1.15, $21.1b/$4.77 and $22.5b/$5.26, vs. $5.16b/$1.23, $20.7b/$4.96, and $21.7b/$5.45 previously."
For an analyst ratings summary and ratings history on Arrow Electronics click here. For more ratings news on Arrow Electronics click here.
Shares of Arrow Electronics closed at $38.37 yesterday.
Analyst, Amitabh Passi, said, "Q1 results, along with 2Q guidance, from ARW were slightly disappointing. Much of the 10bps OM shortfall in 1Q vs. UBSe is attributable to mix, with the higher-margin components (GC) segment coming in weaker while the lower-margin computing solutions segment (GECS) did better, along with slightly lower than expected OM in components. We reset our 2Q, 2012, 2013 Revs/EPS ests now to $5.25b/$1.15, $21.1b/$4.77 and $22.5b/$5.26, vs. $5.16b/$1.23, $20.7b/$4.96, and $21.7b/$5.45 previously."
For an analyst ratings summary and ratings history on Arrow Electronics click here. For more ratings news on Arrow Electronics click here.
Shares of Arrow Electronics closed at $38.37 yesterday.
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