Q2 EPS Estimate for Arrow Electronics Boosted by Analyst

Key Points

• Zacks Research raised Arrow Electronics’ Q2 2027 EPS estimate to $5.04 from $4.65, while maintaining a “Hold” rating. The full-year consensus EPS estimate is $20.44.
• Arrow’s latest quarterly results exceeded expectations, with EPS of $5.45 versus the $4.45 consensus and revenue of $9.99 billion versus $9.67 billion. Revenue increased 31.8% year over year.
• The company authorized a $1 billion share-repurchase program, covering up to 9.7% of outstanding shares. Analysts’ average rating remains “Hold,” with a consensus price target of $233.25.

Arrow Electronics, Inc. (NYSE:ARW - Free Report) - Investment analysts at Zacks Research increased their Q2 2027 earnings per share (EPS) estimates for shares of Arrow Electronics in a note issued to investors on Thursday, August 27th. Zacks Research analyst Team now expects that the technology company will earn $5.04 per share for the quarter, up from their prior forecast of $4.65. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Arrow Electronics' current full-year earnings is $20.44 per share.

Arrow Electronics (NYSE:ARW - Get Free Report) last announced its earnings results on Thursday, August 6th. The technology company reported $5.45 earnings per share for the quarter, beating the consensus estimate of $4.45 by $1.00. Arrow Electronics had a return on equity of 13.41% and a net margin of 2.26%.The firm had revenue of $9.99 billion for the quarter, compared to the consensus estimate of $9.67 billion. During the same quarter in the previous year, the business earned $2.43 EPS. The firm's revenue for the quarter was up 31.8% on a year-over-year basis. Arrow Electronics has set its Q3 2026 guidance at 4.830-5.030 EPS.

Other equities research analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Arrow Electronics in a report on Friday, August 21st. Bank of America raised shares of Arrow Electronics from an "underperform" rating to a "neutral" rating and raised their target price for the company from $122.00 to $233.00 in a research note on Wednesday, May 13th. Raymond James Financial restated an "outperform" rating and set a $250.00 price target on shares of Arrow Electronics in a research report on Friday, August 7th. Truist Financial reduced their price target on shares of Arrow Electronics from $260.00 to $250.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Finally, Wells Fargo & Company increased their price objective on shares of Arrow Electronics from $175.00 to $200.00 and gave the company an "underweight" rating in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Arrow Electronics presently has an average rating of "Hold" and a consensus price target of $233.25.

Arrow Electronics Price Performance

Shares of ARW opened at $208.88 on Friday. The firm has a market capitalization of $10.63 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.32 and a beta of 1.20. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.01 and a current ratio of 1.22. Arrow Electronics has a one year low of $101.79 and a one year high of $237.33. The stock's fifty day moving average is $211.36 and its 200-day moving average is $188.92.

Arrow Electronics announced that its Board of Directors has approved a share repurchase plan on Wednesday, May 13th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the technology company to reacquire up to 9.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Hedge Funds Weigh In On Arrow Electronics

Several hedge funds have recently made changes to their positions in the business. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Arrow Electronics in the 2nd quarter worth approximately $2,995,000. California State Teachers Retirement System boosted its holdings in Arrow Electronics by 20,912.3% during the second quarter. California State Teachers Retirement System now owns 12,621,067 shares of the technology company's stock worth $2,693,462,000 after buying an additional 12,561,002 shares in the last quarter. HB Wealth Management LLC grew its position in Arrow Electronics by 68.0% in the second quarter. HB Wealth Management LLC now owns 3,742 shares of the technology company's stock worth $799,000 after buying an additional 1,514 shares during the last quarter. SMART Wealth LLC bought a new position in shares of Arrow Electronics in the second quarter valued at $2,151,000. Finally, Syon Capital LLC increased its holdings in shares of Arrow Electronics by 45.0% in the second quarter. Syon Capital LLC now owns 2,589 shares of the technology company's stock valued at $553,000 after buying an additional 803 shares in the last quarter. Institutional investors and hedge funds own 99.34% of the company's stock.

About Arrow Electronics

Arrow Electronics NYSE: ARW is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. The company offers a broad portfolio of semiconductors, passives, connectors, electromechanical devices and embedded solutions, serving customers across diverse end markets including automotive, communications, computing, aerospace, defense and healthcare. Through its extensive supplier relationships, Arrow enables design engineers to identify and procure components required for the development of new electronic systems and devices.

In addition to component distribution, Arrow delivers value-added services such as design engineering support, supply chain management, global logistics and technical training.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source