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 shares have increased by 13.7% and is now trading at $66.12. 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) issued its quarterly earnings results on Thursday, April, 30th. The technology company reported $0.97 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.09 by $0.12. The technology company earned $6.38 billion during the quarter, compared to the consensus estimate of $6.07 billion. Arrow Electronics had a negative net margin of 1.05% and a positive return on equity of 11.57%. Arrow Electronics's quarterly revenue was down 10.8% on a year-over-year basis. During the same period last year, the firm posted $1.90 EPS. 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 buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Arrow Electronics issued an update on its second quarter earnings guidance on Thursday, April, 30th. The company provided EPS guidance of $1.38-1.54 for the period, compared to the Thomson Reuters consensus earnings per share 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 Wall Street analysts have issued twelve-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 twelve months. This suggests a possible upside of 10.2% from the stock's current price. View analysts' price targets for Arrow Electronics.

News stories about ARW stock have trended somewhat negative on Saturday, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources. 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 daily sentiment score of -1.2 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news about Arrow Electronics.

Arrow Electronics saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,830,000 shares, an increase of 20.4% from the June 15th total of 1,520,000 shares. Based on an average daily volume of 707,900 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.3% of the shares of the company 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."

Arrow Electronics' stock is owned by many different retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (2.58%), Envestnet Asset Management Inc. (0.05%), Nelson Van Denburg & Campbell Wealth Management Group LLC (0.02%) and Ellevest Inc. (0.00%). Company insiders that own Arrow Electronics stock include Andrew Charles Kerin, Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, Gretchen Zech, 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, and Nelson Van Denburg & Campbell Wealth Management Group LLC. Company insiders that have sold Arrow Electronics company stock in the last year include Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, Gretchen Zech, Mary Catherine Morris, Michael J Long, 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 Envestnet Asset Management Inc., and Ellevest Inc.. 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 $66.12.

Arrow Electronics has a market capitalization of $5.22 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]