Arrow Electronics Stock Forecast, Price & News

Arrow Electronics' stock was trading at $58.17 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ARW shares have increased by 34.1% and is now trading at $77.98.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Arrow Electronics is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
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Arrow Electronics, Inc. (NYSE:ARW) issued its earnings results on Thursday, July, 30th. The technology company reported $1.59 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.45 by $0.14. The technology company earned $6.61 billion during the quarter, compared to the consensus estimate of $6.38 billion. Arrow Electronics had a net margin of 1.41% and a return on equity of 11.39%. The firm's revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.60 earnings per share.
View Arrow Electronics' earnings history.

Arrow Electronics declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 12th 2018, which authorizes the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are undervalued.

Arrow Electronics updated its third quarter earnings guidance on Thursday, July, 30th. The company provided earnings per share (EPS) guidance of $1.54-1.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.45. The company issued revenue guidance of $6.325-6.925 billion, compared to the consensus revenue estimate of $6.50 billion.

7 equities research analysts have issued 12-month target prices for Arrow Electronics' shares. Their forecasts range from $65.00 to $87.00. On average, they expect Arrow Electronics' share price to reach $72.86 in the next twelve months. This suggests that the stock has a possible downside of 6.6%.
View analysts' price targets for Arrow Electronics.

Arrow Electronics saw a increase in short interest in September. As of September 15th, there was short interest totaling 1,720,000 shares, an increase of 15.4% from the August 31st total of 1,490,000 shares. Based on an average daily trading volume, of 567,500 shares, the short-interest ratio is presently 3.0 days. Currently, 2.2% of the shares of the company are sold short.
View Arrow Electronics' Short Interest.

Some companies that are related to Arrow Electronics include SYNNEX (SNX), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), Agilysys (AGYS), ScanSource (SCSC) and Richardson Electronics (RELL).
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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), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), Applied Materials (AMAT), General Motors (GM), QUALCOMM (QCOM) and UnitedHealth Group (UNH).

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

Arrow Electronics' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.90%), AQR Capital Management LLC (3.70%), DNB Asset Management AS (2.58%), LSV Asset Management (2.44%), Lyrical Asset Management LP (2.28%) and FMR LLC (1.86%). Company insiders that own Arrow Electronics stock include Andrew Charles Kerin, Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, Gretchen Zech, Lily Yan Hughes, Mary Catherine Morris, 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 AQR Capital Management LLC, DNB Asset Management AS, FDx Advisors Inc., Vanguard Group Inc., FMR LLC, Sumitomo Mitsui Trust Holdings Inc., Prudential Financial Inc., and Pzena Investment Management LLC. Company insiders that have sold Arrow Electronics company stock in the last year include Gail Hamilton, Gretchen Zech, Lily Yan Hughes, Mary Catherine Morris, Michael J Long, Sean J Kerins, and Vincent P Melvin.
View insider buying and selling activity for Arrow Electronics.

ARW stock was bought by a variety of institutional investors in the last quarter, including Polaris Capital Management LLC, Robeco Institutional Asset Management B.V., PGGM Investments, Jacobs Levy Equity Management Inc., Goldman Sachs Group Inc., Alberta Investment Management Corp, Advisory Research Inc., and LSV Asset Management.
View insider buying and selling activity 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 $77.98.

Arrow Electronics has a market capitalization of $6.05 billion and generates $28.92 billion in revenue each year. The technology company earns $-204,090,000.00 in net income (profit) each year or $7.55 on an earnings per share basis. Arrow Electronics employs 19,300 workers across the globe.

The official website for Arrow Electronics is 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]