NYSE:ARWArrow Electronics Stock Price, Forecast & News

Arrow Electronics' stock was trading at $58.17 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ARW shares have increased by 30.3% and is now trading at $75.82.
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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) released its earnings results on Thursday, July, 30th. The technology company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.45 by $0.14. The technology company had revenue of $6.61 billion for the quarter, compared to the consensus estimate of $6.38 billion. Arrow Electronics had a return on equity of 11.39% and a net margin of 1.41%. The business's quarterly revenue was down 10.0% on a year-over-year basis. During the same period last year, the firm posted $1.60 earnings per share.
View Arrow Electronics' earnings history.

Arrow Electronics announced that its Board of Directors has approved 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 reacquire 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 issued an update on its third quarter earnings guidance on Thursday, July, 30th. The company provided EPS guidance of $1.54-1.70 for the period, compared to the Thomson Reuters consensus 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 Wall Street 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' stock price to reach $72.86 in the next year. This suggests that the stock has a possible downside of 3.9%.
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News articles about ARW stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by reviewing 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 coverage optimism score of -1.3 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future.
View the latest news about Arrow Electronics.

Arrow Electronics saw a decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,500,000 shares, a decrease of 18.0% from the June 15th total of 1,830,000 shares. Based on an average daily volume of 666,600 shares, the days-to-cover ratio is currently 2.3 days. Approximately 1.9% of the shares of the company are short sold.
View Arrow Electronics' Short Interest.

Some companies that are related to Arrow Electronics include SYNNEX (SNX), Tech Data (TECD), Anixter International (AXE), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), ScanSource (SCSC), Agilysys (AGYS) 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), Netflix (NFLX), UnitedHealth Group (UNH) and General Motors (GM).

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%), DNB Asset Management AS (2.58%), LSV Asset Management (2.44%), Lyrical Asset Management LP (2.28%), FMR LLC (1.86%) and Bank of New York Mellon Corp (1.23%). 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 DNB Asset Management AS, FDx Advisors Inc., Vanguard Group Inc., FMR LLC, Sumitomo Mitsui Trust Holdings Inc., Prudential Financial Inc., Pzena Investment Management LLC, and Skandinaviska Enskilda Banken AB publ . Company insiders that have sold Arrow Electronics company stock in the last year include 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 insider buying and selling activity for Arrow Electronics.

ARW stock was purchased by a variety of institutional investors in the last quarter, including Polaris Capital Management LLC, Robeco Institutional Asset Management B.V., PGGM Investments, Goldman Sachs Group Inc., Alberta Investment Management Corp, Advisory Research Inc., LSV Asset Management, and Russell Investments Group Ltd..
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 $75.82.

Arrow Electronics has a market capitalization of $5.89 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]