Arrow Electronics (ARW) Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ARW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARW, but not buy additional shares or sell existing shares.
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6 equities research analysts have issued 12 month price objectives for Arrow Electronics' stock. Their ARW share price forecasts range from $100.00 to $150.00. On average, they anticipate the company's stock price to reach $129.57 in the next year. This suggests a possible upside of 3.5% from the stock's current price.
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Arrow Electronics' stock was trading at $104.57 at the beginning of 2023. Since then, ARW shares have increased by 19.8% and is now trading at $125.24.
View the best growth stocks for 2023 here.

Arrow Electronics saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,340,000 shares, an increase of 9.8% from the August 31st total of 1,220,000 shares. Based on an average trading volume of 387,700 shares, the short-interest ratio is currently 3.5 days. Approximately 2.4% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our ARW earnings forecast.

Arrow Electronics, Inc. (NYSE:ARW) posted its quarterly earnings results on Thursday, August, 3rd. The technology company reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.33 by $0.04. The technology company had revenue of $8.51 billion for the quarter, compared to analyst estimates of $8.73 billion. Arrow Electronics had a trailing twelve-month return on equity of 22.19% and a net margin of 3.35%. The firm's quarterly revenue was down 10.0% on a year-over-year basis. During the same period last year, the business posted $5.78 EPS.

ETFs with the largest weight of Arrow Electronics (NYSE:ARW) stock in their portfolio include Invesco S&P MidCap 400 Pure Value ETF (RFV), Innovator IBD Breakout Opportunities ETF (BOUT), Qraft AI-Enhanced Next Value ETF (NVQ), Invesco S&P MidCap Value with Momentum ETF (XMVM), Alpha Architect U.S. Quantitative Value ETF (QVAL), SRH U.S. Quality ETF (SRHQ), Convergence Long/Short Equity ETF (CLSE) and Invesco S&P MidCap 400 Revenue ETF (RWK).

Arrow Electronics declared that its board has approved a stock buyback program on Thursday, September 15th 2022, which permits the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase up to 9.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's management believes its stock is undervalued.

Arrow Electronics updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share (EPS) guidance of $3.40-$3.60 for the period, compared to the consensus EPS estimate of $3.66. The company issued revenue guidance of $7.78 billion-$8.38 billion, compared to the consensus revenue estimate of $8.39 billion.

587 employees have rated Arrow Electronics Chief Executive Officer Mike Long on Glassdoor.com. Mike Long has an approval rating of 53% among the company's employees. This puts Mike Long in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arrow Electronics investors own include Intel (INTC), Gilead Sciences (GILD), Micron Technology (MU), Bank of America (BAC), NVIDIA (NVDA), Alibaba Group (BABA), UnitedHealth Group (UNH), Applied Materials (AMAT), Walt Disney (DIS) and Advanced Micro Devices (AMD).

Arrow Electronics trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARW."

Shares of ARW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARW stock can currently be purchased for approximately $125.24.

Arrow Electronics (NYSE:ARW) has a market capitalization of $6.97 billion and generates $37.12 billion in revenue each year. The technology company earns $1.43 billion in net income (profit) each year or $19.65 on an earnings per share basis.

The company employs 22,300 workers across the globe.

Arrow Electronics' mailing address is 9201 East Dry Creek Road, Centennial CO, 80112. The official website for the company is www.arrow.com. The technology company can be reached via phone at (303) 824-4000, via email at sobrien@arrow.com, or via fax at 631-847-2222.