NYSE:ARW - Arrow Electronics Stock Price, News, & Analysis

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

Arrow Electronics declared that its Board of Directors has initiated a stock buyback plan on Wednesday, December 12th 2018, which authorizes the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 9.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's leadership believes its shares are undervalued.

Arrow Electronics, Inc. (NYSE:ARW) announced its earnings results on Thursday, November, 1st. The technology company reported $2.18 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $2.16 by $0.02. The technology company had revenue of $7.49 billion for the quarter, compared to analysts' expectations of $7.40 billion. Arrow Electronics had a net margin of 1.84% and a return on equity of 15.12%. Arrow Electronics's revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.82 earnings per share. View Arrow Electronics' Earnings History.

Arrow Electronics is scheduled to release their next quarterly earnings announcement on Tuesday, February 5th 2019. View Earnings Estimates for Arrow Electronics.

Arrow Electronics updated its FY 2018 earnings guidance on Thursday, November, 1st. The company provided EPS guidance of $8.80-8.80 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.86. The company issued revenue guidance of $29.66-29.66 billion, compared to the consensus revenue estimate of $29.54 billion.Arrow Electronics also updated its Q4 guidance to $2.46-2.62 EPS.

6 analysts have issued twelve-month target prices for Arrow Electronics' shares. Their forecasts range from $73.00 to $98.00. On average, they anticipate Arrow Electronics' share price to reach $86.00 in the next twelve months. This suggests a possible upside of 14.2% from the stock's current price. View Analyst Price Targets for Arrow Electronics.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last year. There are currently 2 hold ratings, 3 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Arrow Electronics.

News headlines about ARW stock have trended positive this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Arrow Electronics earned a coverage optimism score of 2.8 on InfoTrie's scale. They also gave news stories about the technology company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the next few days.

Some companies that are related to Arrow Electronics include Ituran Location and Control Ltd. (US) (ITRN), VOXX International (VOXX), TESSCO Technologies (TESS), Richardson Electronics (RELL), RADA Electronic Ind. (RADA), EACO (EACO), CUI Global (CUI), Cool (AWSM), Taitron Components (TAIT), Surge Components (SPRS), Avnet (AVT) and Cool (IFON).

Arrow Electronics' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include DNB Asset Management AS (0.77%), Denali Advisors LLC (0.27%), Louisiana State Employees Retirement System (0.03%), New England Research & Management Inc. (0.01%), State of Alaska Department of Revenue (0.01%) and Meeder Asset Management Inc. (0.01%). Company insiders that own Arrow Electronics stock include Charles Kostalnick II, 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 Denali Advisors LLC, Coastline Trust Co, New England Research & Management Inc., Louisiana State Employees Retirement System and Alpha Windward LLC. Company insiders that have sold Arrow Electronics company stock in the last year include Charles Kostalnick II, Gretchen Zech, Mary Catherine Morris, Matthew R Anderson, Michael J Long and Vincent P Melvin. View Insider Buying and Selling for Arrow Electronics.

ARW stock was purchased by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Meeder Asset Management Inc., Daiwa SB Investments Ltd. and State of Alaska Department of Revenue. 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, Scottrade, Fidelity and Charles Schwab.

One share of ARW stock can currently be purchased for approximately $75.31.

Arrow Electronics has a market capitalization of $6.39 billion and generates $26.81 billion in revenue each year. The technology company earns $401.96 million in net income (profit) each year or $7.56 on an earnings per share basis. Arrow Electronics employs 18,800 workers across the globe.

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]