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 of Directors has initiated a share repurchase plan on Wednesday, December 12th 2018, which allows the company to buyback $600,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 9.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. The company's revenue was down 5.5% compared to the same quarter last year. During the same period in the prior year, the firm 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 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 EPS 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.

8 analysts have issued 12-month price targets for Arrow Electronics' shares. Their forecasts range from $70.00 to $87.00. On average, they anticipate Arrow Electronics' stock price to reach $79.71 in the next twelve months. This suggests that the stock has a possible downside of 2.2%. View Analyst Price Targets for Arrow Electronics.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Arrow Electronics.

Press coverage about ARW stock has trended somewhat positive on Saturday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Arrow Electronics earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Arrow Electronics.

Arrow Electronics saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,830,000 shares, a decline of 11.6% from the December 15th total of 2,070,000 shares. Based on an average daily volume of 528,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.3% 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), Gilead Sciences (GILD), Alibaba Group (BABA), UnitedHealth Group (UNH), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), IBM (IBM), Applied Materials (AMAT) and Netflix (NFLX).

Arrow Electronics' stock is owned by many different of institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (1.74%), James Investment Research Inc. (0.13%), New York State Teachers Retirement System (0.12%), Smith Graham & Co. Investment Advisors LP (0.07%), State of Michigan Retirement System (0.03%) and Tocqueville Asset Management L.P. (0.03%). 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 Tocqueville Asset Management L.P., CenturyLink Investment Management Co, Smith Graham & Co. Investment Advisors LP, State of Alaska Department of Revenue, IFM Investors Pty Ltd, New York State Teachers Retirement System, Diligent Investors LLC and Sumitomo Mitsui DS Asset Management Company Ltd. 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 purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, James Investment Research Inc., Sciencast Management LP, Wedge Capital Management L L P NC, Strs Ohio, Cerebellum GP LLC, Intl Fcstone Inc. and Huntington National Bank. 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 $81.52.

Arrow Electronics has a market capitalization of $6.64 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]