NYSE:ARWArrow Electronics Stock Price, Forecast & News

Arrow Electronics' stock was trading at $58.17 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ARW shares have decreased by 12.9% and is now trading at $50.68. View which stocks have been mosted impacted by Coronavirus.

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.

Arrow Electronics is scheduled to release its next quarterly earnings announcement on Thursday, May 7th 2020. View our earnings forecast for Arrow Electronics.

Arrow Electronics, Inc. (NYSE:ARW) posted its quarterly earnings results on Thursday, February, 6th. The technology company reported $2.20 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $2.17 by $0.03. The technology company had revenue of $7.34 billion for the quarter, compared to analysts' expectations of $7.34 billion. Arrow Electronics had a positive return on equity of 12.67% and a negative net margin of 0.71%. The firm's quarterly revenue was down 7.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.57 earnings per share. View Arrow Electronics' earnings history.

Arrow Electronics declared that its Board of Directors has approved a share repurchase plan 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 repurchase up to 9.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Arrow Electronics issued an update on its first quarter earnings guidance on Thursday, February, 6th. The company provided earnings per share (EPS) guidance of $1.29-1.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.55. The company issued revenue guidance of $6.225-6.625 billion, compared to the consensus revenue estimate of $6.50 billion.

8 brokerages have issued 1 year price targets for Arrow Electronics' stock. Their forecasts range from $48.00 to $87.00. On average, they anticipate Arrow Electronics' stock price to reach $74.29 in the next year. This suggests a possible upside of 46.6% from the stock's current price. View analysts' price targets for Arrow Electronics.

News articles about ARW stock have trended very negative this week, InfoTrie reports. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Arrow Electronics earned a news sentiment score of -3.3 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View the latest news aboutArrow Electronics.

Arrow Electronics saw a increase in short interest in the month of March. As of March 13th, there was short interest totaling 1,692,500 shares, an increase of 8.5% from the February 27th total of 1,560,000 shares. Based on an average daily trading volume, of 577,300 shares, the short-interest ratio is presently 2.9 days. Currently, 2.1% of the shares of the stock are short sold. View Arrow Electronics' Current Options Chain.

Some companies that are related to Arrow Electronics include Tech Data (TECD), SYNNEX (SNX), Anixter International (AXE), Avnet (AVT), 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), Gilead Sciences (GILD), Alibaba Group (BABA), UnitedHealth Group (UNH), IBM (IBM), Applied Materials (AMAT), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC) and Walt Disney (DIS).

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

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 $50.68.

Arrow Electronics has a market capitalization of $4.09 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. 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]