Arrow Electronics Stock Forecast, Price & 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. Since then, ARW stock has increased by 38.1% and is now trading at $80.36.
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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.
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Arrow Electronics will be holding an earnings conference call on Thursday, October 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

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

Arrow Electronics announced that its Board of Directors has initiated a share buyback program on Wednesday, December 12th 2018, which permits the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 9.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Arrow Electronics updated its third quarter earnings guidance on Thursday, July, 30th. The company provided EPS guidance of $1.54-1.70 for the period, compared to the Thomson Reuters consensus earnings per share 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 12-month target prices for Arrow Electronics' shares. Their forecasts range from $65.00 to $87.00. On average, they anticipate Arrow Electronics' stock price to reach $72.86 in the next year. This suggests that the stock has a possible downside of 9.3%.
View analysts' price targets for Arrow Electronics.

Arrow Electronics saw a drop in short interest in September. As of September 30th, there was short interest totaling 1,290,000 shares, a drop of 25.0% from the September 15th total of 1,720,000 shares. Based on an average trading volume of 568,800 shares, the short-interest ratio is presently 2.3 days. Currently, 1.7% of the company's stock are short sold.
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), Micron Technology (MU), Bank of America (BAC), NVIDIA (NVDA), Alibaba Group (BABA), UnitedHealth Group (UNH), Applied Materials (AMAT), The 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 variety of institutional and retail investors. Top institutional shareholders include LSV Asset Management (3.54%), DNB Asset Management AS (2.91%), PGGM Investments (0.36%), Retirement Systems of Alabama (0.13%), Foundry Partners LLC (0.10%) and Pacer Advisors Inc. (0.07%). 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 Foundry Partners LLC, James Investment Research Inc., Nelson Van Denburg & Campbell Wealth Management Group LLC, Regentatlantic Capital LLC, Assenagon Asset Management S.A., Retirement Systems of Alabama, Crossmark Global Holdings Inc., and State of Alaska Department of Revenue. 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 LSV Asset Management, DNB Asset Management AS, Pacer Advisors Inc., PGGM Investments, Bowling Portfolio Management LLC, Alpha Windward LLC, Kendall Capital Management, and Standard Life Aberdeen plc.
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 $80.36.

Arrow Electronics has a market capitalization of $6.24 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]