NYSE:ARWArrow Electronics Stock Price, Forecast & News

Arrow Electronics' stock was trading at $58.17 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ARW shares have increased by 14.7% and is now trading at $66.74. 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) announced its quarterly earnings data on Thursday, April, 30th. The technology company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.09 by $0.12. The technology company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.07 billion. Arrow Electronics had a positive return on equity of 11.57% and a negative net margin of 1.05%. The business's quarterly revenue was down 10.8% compared to the same quarter last year. During the same period in the prior year, the business earned $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 repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 9.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its stock is undervalued.

Arrow Electronics updated its second quarter earnings guidance on Thursday, April, 30th. The company provided earnings per share (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 brokers have issued 12-month price targets for Arrow Electronics' stock. Their forecasts range from $65.00 to $87.00. On average, they anticipate Arrow Electronics' stock price to reach $72.86 in the next twelve months. This suggests a possible upside of 9.2% from the stock's current price. View analysts' price targets for Arrow Electronics.

News articles about ARW stock have been trending very negative this week, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog 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 media sentiment score of -3.2 on InfoTrie's scale. They also gave media headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Arrow Electronics.

Arrow Electronics saw a increase in short interest in 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 trading volume of 707,900 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.3% of the shares of the stock are sold short. 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 institutional and retail 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%), IFM Investors Pty Ltd (0.01%) 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, IFM Investors Pty Ltd, 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 acquired 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 $66.74.

Arrow Electronics has a market capitalization of $5.27 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]