NYSE:ARW - Arrow Electronics Stock Price, Forecast & News

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

Arrow Electronics declared that its board has approved a stock repurchase plan on Wednesday, December 12th 2018, which authorizes the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its stock is undervalued.

Arrow Electronics, Inc. (NYSE:ARW) announced its quarterly earnings results on Thursday, October, 31st. The technology company reported $1.86 EPS for the quarter, topping the Zacks' consensus estimate of $1.67 by $0.19. The technology company earned $7.08 billion during the quarter, compared to the consensus estimate of $7.04 billion. Arrow Electronics had a negative net margin of 0.29% and a positive return on equity of 13.21%. Arrow Electronics's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter last year, the business posted $2.15 EPS. View Arrow Electronics' Earnings History.

Arrow Electronics is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Arrow Electronics.

Arrow Electronics updated its fourth quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of $2.10-2.26 for the period, compared to the Thomson Reuters consensus estimate of $2.10. The company issued revenue guidance of $7.125-7.525 billion, compared to the consensus revenue estimate of $7.40 billion.

7 brokers have issued 12-month target prices for Arrow Electronics' shares. Their forecasts range from $70.00 to $87.00. On average, they expect Arrow Electronics' stock price to reach $78.67 in the next year. This suggests that the stock has a possible downside of 7.6%. View Analyst Price Targets for Arrow Electronics.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Arrow Electronics.

News articles about ARW stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Arrow Electronics earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Arrow Electronics.

Arrow Electronics saw a increase in short interest in the month of November. As of November 29th, there was short interest totalling 1,780,000 shares, an increase of 6.0% from the November 14th total of 1,680,000 shares. Based on an average trading volume of 618,100 shares, the short-interest ratio is currently 2.9 days. Currently, 2.2% of the shares of the company are sold short. View Arrow Electronics' Current Options Chain.

Some companies that are related to Arrow Electronics include SYNNEX (SNX), Tech Data (TECD), Avnet (AVT), Anixter International (AXE), Insight Enterprises (NSIT), PC Connection (CNXN), ScanSource (SCSC), Agilysys (AGYS) and Richardson Electronics (RELL).

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

Arrow Electronics' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include State Street Corp (4.65%), Boston Partners (2.96%), DNB Asset Management AS (1.31%), First Trust Advisors LP (0.72%), Sumitomo Mitsui Trust Holdings Inc. (0.44%) and Parametric Portfolio Associates LLC (0.38%). Company insiders that own Arrow Electronics stock include Andrew Charles Kerin, Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, Gretchen Zech, Mary Catherine Morris, Matthew R Anderson, Michael J Long, Sean J Kerins and Vincent P Melvin. View Institutional Ownership Trends for Arrow Electronics.

ARW stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Russell Investments Group Ltd., State Street Corp, Denali Advisors LLC, Pictet Asset Management Ltd., Schwartz Investment Counsel Inc., First Quadrant L P CA and Regentatlantic Capital LLC. Company insiders that have sold Arrow Electronics company stock in the last year include Andrew Charles Kerin, Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, Gretchen Zech, Mary Catherine Morris, Michael J Long and Sean J Kerins. View Insider Buying and Selling for Arrow Electronics.

ARW stock was bought by a variety of institutional investors in the last quarter, including Mackay Shields LLC, DNB Asset Management AS, Millennium Management LLC, First Trust Advisors LP, Squarepoint Ops LLC, State of New Jersey Common Pension Fund D, Voya Investment Management LLC and Man Group plc. View Insider Buying and Selling for Arrow Electronics.

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

One share of ARW stock can currently be purchased for approximately $85.12.

Arrow Electronics has a market capitalization of $6.93 billion and generates $29.68 billion in revenue each year. The technology company earns $716.19 million in net income (profit) each year or $8.83 on an earnings per share basis. Arrow Electronics employs 20,100 workers across the globe.View Additional Information About Arrow Electronics.

The official website for Arrow Electronics is http://www.arrow.com/.

Arrow Electronics' mailing address is 9201 East Dry Creek Road, Centennial CO, 80112. The technology company can be reached via phone at 303-824-4000 or via email at [email protected]