Arrow Electronics Stock Price, Forecast & Analysis (NYSE:ARW)

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

Arrow Electronics declared that its board has initiated a share repurchase plan on Wednesday, December 12th 2018, which permits the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.

Arrow Electronics, Inc. (NYSE:ARW) posted its quarterly earnings results on Thursday, October, 31st. The technology company reported $1.86 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.67 by $0.19. The technology company had revenue of $7.08 billion for the quarter, compared to analyst estimates of $7.04 billion. Arrow Electronics had a negative net margin of 0.29% and a positive return on equity of 13.21%. The company's revenue was down 5.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 earnings per share. 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 issued an update on 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 earnings per share 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.

9 analysts have issued 12 month price objectives for Arrow Electronics' stock. 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 1.8%. View Analyst Price Targets for Arrow Electronics.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Arrow Electronics.

Headlines about ARW stock have trended negative on Sunday, according to InfoTrie. InfoTrie identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Arrow Electronics earned a coverage optimism score of -2.5 on InfoTrie's scale. They also gave press coverage about the technology company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for Arrow Electronics.

Arrow Electronics saw a decrease in short interest in October. As of October 15th, there was short interest totalling 1,790,000 shares, a decrease of 20.8% from the September 15th total of 2,260,000 shares. Based on an average trading volume of 646,300 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.2% of the shares of the stock 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), Applied Materials (AMAT), Gilead Sciences (GILD), NVIDIA (NVDA), Bank of America (BAC), Celgene (CELG), Micron Technology (MU) and salesforce.com (CRM).

Arrow Electronics' stock is owned by a number of of institutional and retail investors. Top institutional investors include DNB Asset Management AS (1.31%), First Trust Advisors LP (0.72%), Sumitomo Mitsui Trust Holdings Inc. (0.44%), Rhumbline Advisers (0.29%), Mackay Shields LLC (0.26%) and California Public Employees Retirement System (0.25%). 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 Russell Investments Group Ltd., Denali Advisors LLC, Schwartz Investment Counsel Inc., First Quadrant L P CA, Regentatlantic Capital LLC, Tower Research Capital LLC TRC , New York State Teachers Retirement System and Dupont Capital Management Corp. 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, First Trust Advisors LP, State of New Jersey Common Pension Fund D, California Public Employees Retirement System, SG Americas Securities LLC, Pacer Advisors Inc. and Tocqueville Asset Management L.P.. 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 $80.07.

Arrow Electronics has a market capitalization of $6.52 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]