Arrow Electronics (ARW) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arrow Electronics in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ARW shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARW, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued twelve-month price objectives for Arrow Electronics' stock. Their ARW share price targets range from $124.00 to $148.00. On average, they anticipate the company's stock price to reach $136.00 in the next twelve months. This suggests a possible upside of 11.5% from the stock's current price.
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Arrow Electronics' stock was trading at $122.25 at the start of the year. Since then, ARW shares have decreased by 0.2% and is now trading at $121.95.
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Arrow Electronics saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 2,190,000 shares, a decrease of 8.0% from the March 15th total of 2,380,000 shares. Based on an average daily trading volume, of 549,100 shares, the days-to-cover ratio is currently 4.0 days. Currently, 4.1% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
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Arrow Electronics, Inc. (NYSE:ARW) issued its quarterly earnings results on Thursday, February, 8th. The technology company reported $3.98 EPS for the quarter, beating analysts' consensus estimates of $3.72 by $0.26. The technology company earned $7.85 billion during the quarter, compared to analyst estimates of $7.84 billion. Arrow Electronics had a trailing twelve-month return on equity of 17.22% and a net margin of 2.73%. The company's revenue was down 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $5.69 EPS.

ETFs with the largest weight of Arrow Electronics (NYSE:ARW) stock in their portfolio include LeaderShares AlphaFactor Tactical Focused ETF (LSAT), Innovator IBD Breakout Opportunities ETF (BOUT), QRAFT AI-Enhanced U.S. Next Value ETF (NVQ), Invesco S&P MidCap Value with Momentum ETF (XMVM), Invesco S&P MidCap 400 Pure Value ETF (RFV), Alpha Architect U.S. Quantitative Value ETF (QVAL), Convergence Long/Short Equity ETF (CLSE) and Invesco S&P MidCap 400 Revenue ETF (RWK).

Arrow Electronics declared that its Board of Directors has approved a share repurchase plan on Thursday, September 15th 2022, which allows the company to buyback $600,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 9.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board of directors believes its shares are undervalued.

Arrow Electronics updated its first quarter 2024 earnings guidance on Thursday, February, 8th. The company provided earnings per share guidance of 2.200-2.400 for the period, compared to the consensus EPS estimate of 2.850. The company issued revenue guidance of $6.7 billion-$7.3 billion, compared to the consensus revenue estimate of $7.2 billion.

587 employees have rated Arrow Electronics Chief Executive Officer Mike Long on Glassdoor.com. Mike Long has an approval rating of 53% among the company's employees. This puts Mike Long in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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), Walt Disney (DIS) and Advanced Micro Devices (AMD).

Arrow Electronics' stock is owned by a number of institutional and retail investors. Top institutional investors include ARGA Investment Management LP (0.12%), Alaska Permanent Fund Corp (0.04%), Wealth Enhancement Advisory Services LLC (0.02%), Park Avenue Securities LLC (0.01%), Abacus Planning Group Inc. (0.00%) and CWM LLC (0.00%). Insiders that own company stock include Andrew Charles Kerin, Carine Lamercie Jean-Claude, Charles Kostalnick II, Christopher Stansbury, David Alan West, Gail Hamilton, Gretchen Zech, Kristin Diana Russell, Michael J Long, Richard John Marano, Sean J Kerins, Vincent P Melvin and Yun Sung Cho.
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Shares of ARW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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