Arrow Electronics (NYSE:ARW - Get Free Report) is expected to be issuing its Q4 2024 quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $2.80 per share and revenue of $7.01 billion for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.
Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. On average, analysts expect Arrow Electronics to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.
Arrow Electronics Price Performance
NYSE ARW traded down $2.57 during trading hours on Friday, reaching $107.15. The company's stock had a trading volume of 1,097,258 shares, compared to its average volume of 481,912. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.09 and a current ratio of 1.46. The company's 50-day moving average is $116.05 and its two-hundred day moving average is $123.41. Arrow Electronics has a fifty-two week low of $105.00 and a fifty-two week high of $137.80. The stock has a market cap of $5.63 billion, a PE ratio of 14.72 and a beta of 1.26.
Analyst Ratings Changes
A number of brokerages have recently weighed in on ARW. Bank of America cut shares of Arrow Electronics from a "neutral" rating to an "underperform" rating in a research note on Friday. Raymond James cut their price target on Arrow Electronics from $140.00 to $135.00 and set an "outperform" rating for the company in a report on Friday, November 1st. Wells Fargo & Company reduced their price objective on Arrow Electronics from $100.00 to $98.00 and set an "underweight" rating on the stock in a research report on Friday. Finally, Truist Financial dropped their price objective on Arrow Electronics from $141.00 to $120.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $121.25.
Get Our Latest Analysis on ARW
About Arrow Electronics
(
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Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.
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