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

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

Arrow Electronics announced that its board has authorized a share buyback program on Wednesday, December 12th 2018, which allows the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 9.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Arrow Electronics, Inc. (NYSE:ARW) posted its quarterly earnings results on Thursday, August, 1st. The technology company reported $1.60 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.56 by $0.04. The technology company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.29 billion. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.20 earnings per share. View Arrow Electronics' Earnings History.

Arrow Electronics is scheduled to release their next quarterly earnings announcement on Thursday, October 31st 2019. View Earnings Estimates for Arrow Electronics.

Arrow Electronics will be holding an earnings conference call on Thursday, October 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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 Wall Street analysts have issued 1-year price targets for Arrow Electronics' shares. Their predictions range from $70.00 to $84.00. On average, they expect Arrow Electronics' share price to reach $77.69 in the next twelve months. This suggests a possible upside of 1.8% 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 headlines about ARW stock have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. 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 media sentiment score of 1.7 on InfoTrie's scale. They also assigned news coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next few days. View News Stories for Arrow Electronics.

Arrow Electronics saw a drop in short interest in September. As of September 30th, there was short interest totalling 2,260,000 shares, a drop of 6.2% from the August 30th total of 2,410,000 shares. Based on an average daily trading volume, of 672,500 shares, the days-to-cover ratio is presently 3.4 days. Currently, 2.7% of the company's shares are short sold. 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), Gilead Sciences (GILD), NVIDIA (NVDA), UnitedHealth Group (UNH), Micron Technology (MU), Bank of America (BAC), Applied Materials (AMAT), Celgene (CELG) and QUALCOMM (QCOM).

Arrow Electronics' stock is owned by a number of of institutional and retail investors. Top institutional investors include DNB Asset Management AS (1.31%), Speece Thorson Capital Group Inc. (0.22%), Denali Advisors LLC (0.09%), Regentatlantic Capital LLC (0.09%), Smith Graham & Co. Investment Advisors LP (0.07%) and Pacer Advisors Inc. (0.06%). 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 Denali Advisors LLC, Regentatlantic Capital LLC, Speece Thorson Capital Group Inc., First Citizens Bank & Trust Co., CenturyLink Investment Management Co, Delphi Management Inc. MA, Cerebellum GP LLC and State of Michigan Retirement System. Company insiders that have sold Arrow Electronics company stock in the last year include Andrew Charles Kerin, Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, 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 DNB Asset Management AS, Pacer Advisors Inc., State of Alaska Department of Revenue, Envestnet Asset Management Inc., Cerebellum GP LLC, World Asset Management Inc and Smith Graham & Co. Investment Advisors LP. 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 $76.35.

Arrow Electronics has a market capitalization of $6.35 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]