Arrow Electronics Stock Price, News & Analysis (NYSE:ARW)

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

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

Arrow Electronics, Inc. (NYSE:ARW) announced its quarterly earnings data on Thursday, August, 1st. The technology company reported $1.60 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.56 by $0.04. The technology company earned $7.34 billion during the quarter, compared to the consensus estimate of $7.29 billion. The firm's revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $2.20 earnings per share. View Arrow Electronics' Earnings History.

Arrow Electronics is scheduled to release their next quarterly earnings announcement on Thursday, November 7th 2019. View Earnings Estimates for Arrow Electronics.

Arrow Electronics updated its third quarter earnings guidance on Thursday, August, 1st. The company provided earnings per share (EPS) guidance of $1.62-1.74 for the period, compared to the Thomson Reuters consensus estimate of $1.66. The company issued revenue guidance of $6.850-7.250 billion, compared to the consensus revenue estimate of $7.24 billion.

7 Wall Street analysts have issued 1-year price objectives for Arrow Electronics' stock. Their forecasts range from $70.00 to $84.00. On average, they anticipate Arrow Electronics' stock price to reach $77.6917 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price. View Analyst Price Targets for Arrow Electronics.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Arrow Electronics.

Press coverage about ARW stock has trended somewhat negative on Monday, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded 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 assigned news headlines about the technology company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Arrow Electronics.

Arrow Electronics saw a increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,906,100 shares, an increase of 24.1% from the July 31st total of 2,341,000 shares. Based on an average daily volume of 607,300 shares, the days-to-cover ratio is currently 4.8 days. Currently, 3.5% of the company's shares are short sold. View Arrow Electronics' Current Options Chain.

Some companies that are related to Arrow Electronics include Avnet (AVT), Ituran Location and Control Ltd. (US) (ITRN), RADA Electronic Ind. (RADA), TESSCO Technologies (TESS), VOXX International (VOXX), EACO (EACO), Richardson Electronics (RELL), CUI Global (CUI), Surge Components (SPRS), Taitron Components (TAIT), Cool (AWSM) and Cool (IFON).

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

Arrow Electronics' stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.57%), BlackRock Inc. (10.57%), Vanguard Group Inc. (9.76%), JPMorgan Chase & Co. (6.81%), Longview Partners Guernsey LTD (4.22%) and Boston Partners (3.30%). 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 LSV Asset Management, Kiltearn Partners LLP, MUFG Securities EMEA plc, Aperio Group LLC, California Public Employees Retirement System, Allianz Asset Management GmbH, JPMorgan Chase & Co. and Virginia Retirement Systems ET AL. Company insiders that have sold Arrow Electronics company stock in the last year include Andrew Charles Kerin, Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, Mary Catherine Morris, Michael J Long and Sean J Kerins. View Insider Buying and Selling for Arrow Electronics.

ARW stock was purchased by a variety of institutional investors in the last quarter, including Longview Partners Guernsey LTD, Nuveen Asset Management LLC, AQR Capital Management LLC, Bank of Montreal Can, BlackRock Inc., BlackRock Inc., Prudential Financial Inc. and DNB Asset Management AS. 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 $73.57.

Arrow Electronics has a market capitalization of $6.12 billion and generates $29.68 billion in revenue each year. The technology company earns $716.19 million in net income (profit) each year or $8.83 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]