Arrow Electronics - ARW Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ARW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARW, but not buy additional shares or sell existing shares.
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6 equities research analysts have issued twelve-month price objectives for Arrow Electronics' stock. Their ARW share price forecasts range from $100.00 to $150.00. On average, they anticipate the company's stock price to reach $125.33 in the next twelve months. This suggests a possible upside of 5.7% from the stock's current price.
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Arrow Electronics' stock was trading at $104.57 at the start of the year. Since then, ARW shares have increased by 13.4% and is now trading at $118.63.
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Arrow Electronics saw a decrease in short interest in the month of February. As of February 15th, there was short interest totaling 1,550,000 shares, a decrease of 12.4% from the January 31st total of 1,770,000 shares. Based on an average daily trading volume, of 458,300 shares, the days-to-cover ratio is currently 3.4 days. Currently, 2.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
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Arrow Electronics, Inc. (NYSE:ARW) issued its quarterly earnings results on Thursday, February, 2nd. The technology company reported $5.69 EPS for the quarter, beating analysts' consensus estimates of $5.68 by $0.01. The technology company earned $9.32 billion during the quarter, compared to analyst estimates of $9.31 billion. Arrow Electronics had a trailing twelve-month return on equity of 26.96% and a net margin of 3.84%. The company's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $5.37 EPS.

ETFs with the largest weight of Arrow Electronics (NYSE:ARW) stock in their portfolio include Invesco S&P MidCap 400 Pure Value ETF (RFV), Invesco S&P MidCap 400 Revenue ETF (RWK), Qraft AI-Enhanced Next Value ETF (NVQ), SRH U.S. Quality ETF (SRHQ), First Trust Technology AlphaDEX Fund (FXL), SEI Enhanced U.S. Large Cap Value Factor ETF (SEIV), WisdomTree U.S. Quality Shareholder Yield Fund (QSY) and WisdomTree U.S. Multifactor Fund (USMF).

Arrow Electronics declared that its Board of Directors has approved a share repurchase plan on Thursday, September 15th 2022, which allows the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 9.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Arrow Electronics updated its first quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided earnings per share guidance of $4.40-$4.60 for the period, compared to the consensus EPS estimate of $4.14. The company issued revenue guidance of $8.33 billion-$8.93 billion, compared to the consensus revenue estimate of $8.25 billion.

587 employees have rated Arrow Electronics Chief Executive Officer Mike Long on Glassdoor.com. Mike Long has an approval rating of 53% among the company's employees. This puts Mike Long in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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

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

Arrow Electronics' stock is owned by a number of institutional and retail investors. Top institutional investors include Cooke & Bieler LP (5.70%), LSV Asset Management (4.51%), Dimensional Fund Advisors LP (4.28%), Moneta Group Investment Advisors LLC (3.58%), AQR Capital Management LLC (3.38%) and Millennium Management LLC (2.04%). Insiders that own company stock include Andrew Charles Kerin, Carine Lamercie Jean-Claude, Charles Kostalnick II, Christopher Stansbury, David Alan West, Gail Hamilton, Gretchen Zech, Kristin Diana Russell, Lily Yan Hughes, Mary Catherine Morris, Michael J Long, Richard A Seidlitz, Richard Hill, Sean J Kerins, Vincent P Melvin and Wei Victor Alejandro Gao.
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Shares of ARW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARW stock can currently be purchased for approximately $118.63.

Arrow Electronics (NYSE:ARW) has a market capitalization of $6.91 billion and generates $37.12 billion in revenue each year. The technology company earns $1.43 billion in net income (profit) each year or $21.78 on an earnings per share basis.

The company employs 22,300 workers across the globe.

Arrow Electronics' mailing address is 9201 East Dry Creek Road, Centennial CO, 80112. The official website for the company is www.arrow.com. The technology company can be reached via phone at (303) 824-4000, via email at sobrien@arrow.com, or via fax at 631-847-2222.