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

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

Arrow Electronics announced that its board has authorized a stock repurchase plan on Wednesday, December 12th 2018, which allows the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 9.7% of its shares through open market purchases. Shares repurchase 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, August, 1st. The technology company reported $1.60 EPS for the quarter, topping analysts' consensus estimates of $1.56 by $0.04. The technology company had revenue of $7.34 billion for the quarter, compared to analyst estimates of $7.29 billion. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the business earned $2.20 earnings per share. View Arrow Electronics' Earnings History.

Arrow Electronics is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Arrow Electronics.

Arrow Electronics issued an update on its third quarter earnings guidance on Thursday, August, 1st. The company provided earnings per share guidance of $1.62-1.74 for the period, compared to the Thomson Reuters consensus estimate of $1.66. The company issued revenue guidance of $6.850-7.250 billion, compared to the consensus revenue estimate of $7.24 billion.

7 analysts have issued 12-month target prices for Arrow Electronics' stock. Their predictions range from $70.00 to $84.00. On average, they expect Arrow Electronics' share price to reach $77.6917 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price. 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 been trending negative this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Arrow Electronics earned a daily sentiment score of -2.3 on InfoTrie's scale. They also gave news articles about the technology company a news buzz of 0.0 out of 10, indicating that recent press 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 July. As of July 31st, there was short interest totalling 2,341,000 shares, a decline of 5.3% from the June 30th total of 2,471,300 shares. Based on an average trading volume of 643,100 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.8% of the company's stock are short sold. View Arrow Electronics' Current Options Chain.

Some companies that are related to Arrow Electronics include Avnet (AVT), Ituran Location and Control Ltd. (US) (ITRN), RADA Electronic Ind. (RADA), TESSCO Technologies (TESS), VOXX International (VOXX), EACO (EACO), Richardson Electronics (RELL), CUI Global (CUI), Taitron Components (TAIT), Surge Components (SPRS), Cool (AWSM) and Cool (IFON).

Based on aggregate information from My MarketBeat watchlists, some companies that other Arrow Electronics investors own include Intel (INTC), Alibaba Group (BABA), Gilead Sciences (GILD), NVIDIA (NVDA), UnitedHealth Group (UNH), Micron Technology (MU), Applied Materials (AMAT), Celgene (CELG), QUALCOMM (QCOM) and Sangamo Therapeutics (SGMO).

Arrow Electronics' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.57%), Vanguard Group Inc. (9.76%), JPMorgan Chase & Co. (6.81%), Longview Partners Guernsey LTD (4.22%), Lyrical Asset Management LP (2.63%) and AQR Capital Management LLC (2.31%). Company insiders that own Arrow Electronics stock include Andrew Charles Kerin, Charles Kostalnick II, 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 LSV Asset Management, Kiltearn Partners LLP, MUFG Securities EMEA plc, Aperio Group LLC, California Public Employees Retirement System, Allianz Asset Management GmbH, JPMorgan Chase & Co. and Virginia Retirement Systems ET AL. Company insiders that have sold Arrow Electronics company stock in the last year include Andrew Charles Kerin, Charles Kostalnick II, Gail Hamilton, Mary Catherine Morris, Michael J Long, Sean J Kerins and Vincent P Melvin. View Insider Buying and Selling for Arrow Electronics.

ARW stock was acquired by a variety of institutional investors in the last quarter, including Longview Partners Guernsey LTD, Nuveen Asset Management LLC, AQR Capital Management LLC, Bank of Montreal Can, BlackRock Inc., Prudential Financial Inc., DNB Asset Management AS and Schroder Investment Management Group. 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, Scottrade, Fidelity and Charles Schwab.

One share of ARW stock can currently be purchased for approximately $68.02.

Arrow Electronics has a market capitalization of $5.66 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]