Arrow Electronics (NYSE:ARW - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Thursday, October 31st. Analysts expect Arrow Electronics to post earnings of $2.23 per share for the quarter. Arrow Electronics has set its Q3 guidance at $2.10-$2.30 EPS and its Q3 2024 guidance at 2.100-2.300 EPS.Parties interested in listening to the company's conference call can do so using this link.
Arrow Electronics (NYSE:ARW - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $2.78 EPS for the quarter, beating the consensus estimate of $2.16 by $0.62. Arrow Electronics had a net margin of 1.97% and a return on equity of 12.77%. The business had revenue of $6.89 billion during the quarter, compared to analyst estimates of $6.52 billion. During the same quarter last year, the business earned $4.37 earnings per share. Arrow Electronics's quarterly revenue was down 19.0% compared to the same quarter last year. On average, analysts expect Arrow Electronics to post $11 EPS for the current fiscal year and $15 EPS for the next fiscal year.
Arrow Electronics Price Performance
Shares of NYSE:ARW traded up $1.45 on Thursday, reaching $133.81. The company's stock had a trading volume of 346,081 shares, compared to its average volume of 464,456. The company has a 50-day simple moving average of $131.50 and a 200 day simple moving average of $128.02. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.07 and a current ratio of 1.48. The company has a market cap of $7.12 billion, a P/E ratio of 10.52 and a beta of 1.26. Arrow Electronics has a 52-week low of $108.51 and a 52-week high of $137.39.
Analyst Ratings Changes
ARW has been the topic of several analyst reports. Wells Fargo & Company boosted their price objective on Arrow Electronics from $100.00 to $110.00 and gave the stock an "underweight" rating in a research note on Friday, August 2nd. Truist Financial increased their price target on Arrow Electronics from $124.00 to $141.00 and gave the company a "hold" rating in a report on Friday, August 2nd. Finally, Raymond James lifted their price objective on shares of Arrow Electronics from $135.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $130.75.
Get Our Latest Stock 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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