Arrow Electronics Stock Forecast, Price & News

Arrow Electronics' stock was trading at $58.17 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ARW shares have increased by 32.5% and is now trading at $77.05.
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7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Arrow Electronics is scheduled to release its next quarterly earnings announcement on Thursday, October 29th 2020.
View our earnings forecast for Arrow Electronics.

Arrow Electronics, Inc. (NYSE:ARW) released its earnings results on Thursday, July, 30th. The technology company reported $1.59 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.45 by $0.14. The technology company earned $6.61 billion during the quarter, compared to analysts' expectations of $6.38 billion. Arrow Electronics had a net margin of 1.41% and a return on equity of 11.39%. The company's quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.60 earnings per share.
View Arrow Electronics' earnings history.

Arrow Electronics announced that its board has authorized a stock buyback plan on Wednesday, December 12th 2018, which allows the company to repurchase $600,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 9.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued.

Arrow Electronics issued an update on its third quarter earnings guidance on Thursday, July, 30th. The company provided earnings per share guidance of $1.54-1.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.45. The company issued revenue guidance of $6.325-6.925 billion, compared to the consensus revenue estimate of $6.50 billion.

7 analysts have issued twelve-month price targets for Arrow Electronics' shares. Their forecasts range from $65.00 to $87.00. On average, they expect Arrow Electronics' stock price to reach $72.86 in the next year. This suggests that the stock has a possible downside of 5.4%.
View analysts' price targets for Arrow Electronics.

Arrow Electronics saw a decline in short interest in August. As of August 31st, there was short interest totaling 1,490,000 shares, a decline of 18.6% from the August 15th total of 1,830,000 shares. Based on an average daily trading volume, of 571,000 shares, the days-to-cover ratio is currently 2.6 days. Currently, 1.9% of the shares of the stock are sold short.
View Arrow Electronics' Short Interest.

Some companies that are related to Arrow Electronics include SYNNEX (SNX), Avnet (AVT), Insight Enterprises (NSIT), PC Connection (CNXN), Agilysys (AGYS), ScanSource (SCSC) and Richardson Electronics (RELL).
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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), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), Applied Materials (AMAT), General Motors (GM), QUALCOMM (QCOM) and UnitedHealth Group (UNH).

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

Arrow Electronics' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.90%), AQR Capital Management LLC (3.70%), DNB Asset Management AS (2.58%), LSV Asset Management (2.44%), Lyrical Asset Management LP (2.28%) and FMR LLC (1.86%). Company insiders that own Arrow Electronics stock include Andrew Charles Kerin, Charles Kostalnick II, Christopher Stansbury, Gail Hamilton, Gretchen Zech, Lily Yan Hughes, 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 AQR Capital Management LLC, DNB Asset Management AS, FDx Advisors Inc., Vanguard Group Inc., FMR LLC, Sumitomo Mitsui Trust Holdings Inc., Prudential Financial Inc., and Pzena Investment Management LLC. Company insiders that have sold Arrow Electronics company stock in the last year include Gail Hamilton, Gretchen Zech, Lily Yan Hughes, Mary Catherine Morris, Michael J Long, Sean J Kerins, and Vincent P Melvin.
View insider buying and selling activity for Arrow Electronics.

ARW stock was bought by a variety of institutional investors in the last quarter, including Polaris Capital Management LLC, Robeco Institutional Asset Management B.V., PGGM Investments, Jacobs Levy Equity Management Inc., Goldman Sachs Group Inc., Alberta Investment Management Corp, Advisory Research Inc., and LSV Asset Management.
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 $77.05.

Arrow Electronics has a market capitalization of $5.98 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]