NYSE:ARW - Arrow Electronics Stock Price, Forecast & News

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

Arrow Electronics declared that its Board of Directors has initiated a stock buyback program on Wednesday, December 12th 2018, which permits the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Arrow Electronics, Inc. (NYSE:ARW) released its quarterly earnings data on Thursday, February, 6th. The technology company reported $2.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.17 by $0.03. The technology company earned $7.34 billion during the quarter, compared to analysts' expectations of $7.34 billion. Arrow Electronics had a positive return on equity of 12.67% and a negative net margin of 0.71%. Arrow Electronics's revenue for the quarter was down 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.57 EPS. View Arrow Electronics' Earnings History.

Arrow Electronics is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Arrow Electronics.

Arrow Electronics updated its first quarter earnings guidance on Thursday, February, 6th. The company provided earnings per share (EPS) guidance of $1.29-1.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55. The company issued revenue guidance of $6.225-6.625 billion, compared to the consensus revenue estimate of $6.50 billion.

8 equities research analysts have issued 12 month price objectives for Arrow Electronics' shares. Their forecasts range from $70.00 to $87.00. On average, they expect Arrow Electronics' share price to reach $79.71 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price. View Analyst Price Targets for Arrow Electronics.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 1 sell rating, 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Arrow Electronics.

Headlines about ARW stock have trended somewhat positive on Saturday, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Arrow Electronics earned a news sentiment score of 0.5 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Arrow Electronics.

Arrow Electronics saw a decline in short interest during the month of January. As of January 15th, there was short interest totalling 1,830,000 shares, a decline of 11.6% from the December 31st total of 2,070,000 shares. Based on an average daily trading volume, of 519,200 shares, the days-to-cover ratio is currently 3.5 days. Currently, 2.3% 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), Agilysys (AGYS), ScanSource (SCSC) and Richardson Electronics (RELL).

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

Arrow Electronics' stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (4.42%), Longview Partners Guernsey LTD (4.35%), AQR Capital Management LLC (3.83%), Boston Partners (2.94%), Lyrical Asset Management LP (2.47%) and LSV Asset Management (2.24%). 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 First Trust Advisors LP, Schroder Investment Management Group, Goldman Sachs Group Inc., State Street Corp, Bank of America Corp DE, Public Employees Retirement Association of Colorado, FMR LLC and Cubist Systematic Strategies 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 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 AQR Capital Management LLC, AJO LP, DNB Asset Management AS, Hotchkis & Wiley Capital Management LLC, Great West Life Assurance Co. Can, Victory Capital Management Inc., Victory Capital Management Inc. and Russell Investments Group Ltd.. 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 $77.99.

Arrow Electronics has a market capitalization of $6.29 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 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]