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 initiated a stock repurchase program on Wednesday, December 12th 2018, which allows the company to repurchase $600,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 9.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

Arrow Electronics, Inc. (NYSE:ARW) released its quarterly earnings results on Thursday, February, 6th. The technology company reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $2.17 by $0.03. The technology company earned $7.34 billion during the quarter, compared to analyst estimates of $7.34 billion. Arrow Electronics had a positive return on equity of 12.67% and a negative net margin of 0.71%. Arrow Electronics's quarterly revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.57 earnings per share. View Arrow Electronics' Earnings History.

Arrow Electronics is scheduled to release their next quarterly earnings announcement on Thursday, May 7th 2020. View Earnings Estimates for Arrow Electronics.

Arrow Electronics issued an update on its first quarter earnings guidance on Thursday, February, 6th. The company provided EPS guidance of $1.29-1.39 for the period, compared to the Thomson Reuters consensus 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 analysts have issued twelve-month price objectives for Arrow Electronics' stock. Their forecasts range from $70.00 to $87.00. On average, they anticipate Arrow Electronics' stock price to reach $79.71 in the next year. This suggests a possible upside of 2.2% from the stock's current price. 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 coverage about ARW stock has trended very negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Arrow Electronics earned a coverage optimism score of -3.6 on InfoTrie's scale. They also assigned media headlines 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 immediate future. View News Stories for Arrow Electronics.

Arrow Electronics saw a drop in short interest in the month of January. As of January 15th, there was short interest totalling 1,830,000 shares, a drop of 11.6% from the December 31st total of 2,070,000 shares. Based on an average trading volume of 519,200 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.3% of the company's shares are sold short. 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), Agilysys (AGYS), ScanSource (SCSC) 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), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), IBM (IBM), Applied Materials (AMAT) and Netflix (NFLX).

Arrow Electronics' stock is owned by many different of institutional and retail investors. Top institutional shareholders include State Street Corp (4.42%), Longview Partners Guernsey LTD (4.35%), AQR Capital Management LLC (3.83%), Boston Partners (2.94%), Lyrical Asset Management LP (2.47%) and LSV Asset Management (2.24%). 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 First Trust Advisors LP, Schroder Investment Management Group, Goldman Sachs Group Inc., State Street Corp, Bank of America Corp DE, Public Employees Retirement Association of Colorado, FMR LLC and Cubist Systematic Strategies 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 Sean J Kerins. View Insider Buying and Selling for Arrow Electronics.

ARW stock was acquired by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, AJO LP, DNB Asset Management AS, Hotchkis & Wiley Capital Management LLC, Great West Life Assurance Co. Can, Victory Capital Management Inc., Victory Capital Management Inc. and Russell Investments Group Ltd.. 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 $77.99.

Arrow Electronics has a market capitalization of $6.29 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 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]