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 announced that its Board of Directors has authorized a stock buyback plan on Wednesday, December 12th 2018, which permits the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 9.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Arrow Electronics, Inc. (NYSE:ARW) announced its quarterly earnings results on Thursday, October, 31st. The technology company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.19. The technology company earned $7.08 billion during the quarter, compared to analysts' expectations of $7.04 billion. Arrow Electronics had a positive return on equity of 13.21% and a negative net margin of 0.29%. The firm's revenue for the quarter was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 earnings per share. View Arrow Electronics' Earnings History.

Arrow Electronics is scheduled to release their next quarterly earnings announcement on Thursday, February 6th 2020. View Earnings Estimates for Arrow Electronics.

Arrow Electronics issued an update on its fourth quarter earnings guidance on Thursday, October, 31st. The company provided earnings per share (EPS) guidance of $2.10-2.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.10. The company issued revenue guidance of $7.125-7.525 billion, compared to the consensus revenue estimate of $7.40 billion.

8 brokers have issued 12 month target prices 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 year. This suggests that the stock has a possible downside of 3.2%. 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.

News stories about ARW stock have trended very negative on Saturday, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources. 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 -3.8 on InfoTrie's scale. They also gave 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 effect on the company's share price in the near term. View News Stories for Arrow Electronics.

Arrow Electronics saw a decline in short interest in December. As of December 31st, there was short interest totalling 1,830,000 shares, a decline of 11.6% from the December 15th total of 2,070,000 shares. Based on an average daily volume of 528,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 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), Avnet (AVT), Anixter International (AXE), Insight Enterprises (NSIT), PC Connection (CNXN), ScanSource (SCSC), Agilysys (AGYS) and Richardson Electronics (RELL).

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

Arrow Electronics' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (1.74%), Tocqueville Asset Management L.P. (0.03%), Louisiana State Employees Retirement System (0.02%), State of Alaska Department of Revenue (0.02%), CenturyLink Investment Management Co (0.02%) and IFM Investors Pty Ltd (0.01%). 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 Tocqueville Asset Management L.P., CenturyLink Investment Management Co, State of Alaska Department of Revenue, IFM Investors Pty Ltd, Diligent Investors LLC and Louisiana State Employees Retirement System. Company insiders that have sold Arrow Electronics company stock in the last year include Andrew Charles Kerin, 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 purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Sciencast Management LP, Wedge Capital Management L L P NC, Cerebellum GP LLC and Huntington National Bank. 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 $82.32.

Arrow Electronics has a market capitalization of $6.70 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]