NYSE:ARWArrow Electronics Stock Price, Forecast & News

Arrow Electronics' stock was trading at $58.17 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ARW stock has increased by 18.1% and is now trading at $68.69. View which stocks have been most impacted by Coronavirus.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 6 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Arrow Electronics.

Arrow Electronics is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Arrow Electronics.

Arrow Electronics, Inc. (NYSE:ARW) announced its quarterly earnings results on Thursday, April, 30th. The technology company reported $0.97 EPS for the quarter, missing analysts' consensus estimates of $1.09 by $0.12. The technology company had revenue of $6.38 billion for the quarter, compared to analysts' expectations of $6.07 billion. Arrow Electronics had a positive return on equity of 11.57% and a negative net margin of 1.05%. The business's revenue was down 10.8% on a year-over-year basis. During the same quarter last year, the company posted $1.90 EPS. View Arrow Electronics' earnings history.

Arrow Electronics announced that its board has approved a stock repurchase program on Wednesday, December 12th 2018, which authorizes the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

Arrow Electronics issued an update on its second quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share guidance of $1.38-1.54 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.18. The company issued revenue guidance of $6.075-6.675 billion, compared to the consensus revenue estimate of $6.13 billion.

7 equities research analysts have issued 12-month target prices for Arrow Electronics' stock. Their forecasts range from $65.00 to $87.00. On average, they anticipate Arrow Electronics' share price to reach $72.86 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price. View analysts' price targets for Arrow Electronics.

News stories about ARW stock have been trending very negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Arrow Electronics earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned media headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Arrow Electronics.

Arrow Electronics saw a decrease in short interest in June. As of June 15th, there was short interest totaling 1,520,000 shares, a decrease of 23.6% from the May 31st total of 1,990,000 shares. Based on an average daily trading volume, of 758,700 shares, the short-interest ratio is currently 2.0 days. Approximately 2.0% of the shares of the stock are short sold. View Arrow Electronics' Current Options Chain.

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). View all competitors.

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), Bank of America (BAC), IBM (IBM), Micron Technology (MU), NVIDIA (NVDA), UnitedHealth Group (UNH), Applied Materials (AMAT) and Walt Disney (DIS).

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

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 $68.69.

Arrow Electronics has a market capitalization of $5.42 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]