Arrow Electronics - ARW Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" ARW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARW, but not buy additional shares or sell existing shares.
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6 brokerages have issued 12-month price targets for Arrow Electronics' stock. Their ARW share price forecasts range from $100.00 to $150.00. On average, they expect the company's stock price to reach $125.33 in the next twelve months. This suggests a possible upside of 6.5% from the stock's current price.
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Arrow Electronics' stock was trading at $104.57 at the start of the year. Since then, ARW shares have increased by 12.5% and is now trading at $117.63.
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Arrow Electronics saw a decrease in short interest in February. As of February 15th, there was short interest totaling 1,550,000 shares, a decrease of 12.4% from the January 31st total of 1,770,000 shares. Based on an average daily trading volume, of 458,300 shares, the short-interest ratio is presently 3.4 days. Approximately 2.7% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Arrow Electronics, Inc. (NYSE:ARW) released its quarterly earnings results on Thursday, February, 2nd. The technology company reported $5.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.68 by $0.01. The technology company earned $9.32 billion during the quarter, compared to the consensus estimate of $9.31 billion. Arrow Electronics had a trailing twelve-month return on equity of 26.96% and a net margin of 3.84%. Arrow Electronics's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.37 EPS.

ETFs with the largest weight of Arrow Electronics (NYSE:ARW) stock in their portfolio include Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco S&P MidCap 400 Revenue ETF (RWK), Qraft AI-Enhanced Next Value ETF (NVQ), SRH U.S. Quality ETF (SRHQ), First Trust Technology AlphaDEX Fund (FXL), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV), WisdomTree U.S. Quality Shareholder Yield Fund (QSY) and SEI Enhanced Low Volatility U.S. Large Cap ETF (SELV).

Arrow Electronics announced that its board has approved a share repurchase program on Thursday, September 15th 2022, which allows the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 9.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Arrow Electronics updated its first quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share (EPS) guidance of $4.40-$4.60 for the period, compared to the consensus estimate of $4.14. The company issued revenue guidance of $8.33 billion-$8.93 billion, compared to the consensus revenue estimate of $8.25 billion.

587 employees have rated Arrow Electronics Chief Executive Officer Mike Long on Glassdoor.com. Mike Long has an approval rating of 53% among the company's employees. This puts Mike Long in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arrow Electronics investors own include Intel (INTC), Gilead Sciences (GILD), Micron Technology (MU), Bank of America (BAC), NVIDIA (NVDA), Alibaba Group (BABA), UnitedHealth Group (UNH), Applied Materials (AMAT), Walt Disney (DIS) and Advanced Micro Devices (AMD).

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

Arrow Electronics' stock is owned by many different institutional and retail investors. Top institutional investors include Cooke & Bieler LP (5.70%), LSV Asset Management (4.51%), Dimensional Fund Advisors LP (4.28%), Moneta Group Investment Advisors LLC (3.58%), AQR Capital Management LLC (3.38%) and Millennium Management LLC (2.04%). Insiders that own company stock include Andrew Charles Kerin, Carine Lamercie Jean-Claude, Charles Kostalnick II, Christopher Stansbury, David Alan West, Gail Hamilton, Gretchen Zech, Kristin Diana Russell, Lily Yan Hughes, Mary Catherine Morris, Michael J Long, Richard A Seidlitz, Richard Hill, Sean J Kerins, Vincent P Melvin and Wei Victor Alejandro Gao.
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Shares of ARW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARW stock can currently be purchased for approximately $117.63.

Arrow Electronics (NYSE:ARW) has a market capitalization of $6.86 billion and generates $37.12 billion in revenue each year. The technology company earns $1.43 billion in net income (profit) each year or $21.78 on an earnings per share basis.

The company employs 22,300 workers across the globe.

Arrow Electronics' mailing address is 9201 East Dry Creek Road, Centennial CO, 80112. The official website for the company is www.arrow.com. The technology company can be reached via phone at (303) 824-4000, via email at sobrien@arrow.com, or via fax at 631-847-2222.