Zacks Research Cuts Earnings Estimates for Arrow Electronics

Arrow Electronics, Inc. (NYSE:ARW - Free Report) - Stock analysts at Zacks Research reduced their FY2024 earnings per share estimates for Arrow Electronics in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the technology company will post earnings per share of $10.21 for the year, down from their previous estimate of $10.51. The consensus estimate for Arrow Electronics' current full-year earnings is $10.23 per share. Zacks Research also issued estimates for Arrow Electronics' Q2 2025 earnings at $3.00 EPS, Q3 2025 earnings at $2.87 EPS, Q1 2026 earnings at $2.00 EPS, Q2 2026 earnings at $4.03 EPS, Q3 2026 earnings at $2.38 EPS and FY2026 earnings at $11.90 EPS.

Arrow Electronics (NYSE:ARW - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, topping analysts' consensus estimates of $2.23 by $0.15. The company had revenue of $6.82 billion during the quarter, compared to analysts' expectations of $6.73 billion. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The firm's revenue was down 14.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.14 EPS.

A number of other brokerages also recently issued reports on ARW. Raymond James lowered 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 raised their price objective on Arrow Electronics from $100.00 to $110.00 and gave the stock an "underweight" rating in a report on Friday, August 2nd. Finally, Truist Financial dropped their price target on shares of Arrow Electronics from $141.00 to $120.00 and set a "hold" rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $124.25.

Arrow Electronics Trading Up 2.0 %

Shares of NYSE ARW traded up $2.42 during mid-day trading on Monday, reaching $121.68. 555,993 shares of the company's stock were exchanged, compared to its average volume of 464,608. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 13.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.46. Arrow Electronics has a 52-week low of $108.51 and a 52-week high of $137.80. The company's 50-day moving average is $127.74 and its 200-day moving average is $127.35.

Institutional Trading of Arrow Electronics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. True Wealth Design LLC bought a new stake in Arrow Electronics during the 3rd quarter worth about $31,000. Versant Capital Management Inc lifted its position in shares of Arrow Electronics by 794.6% during the 2nd quarter. Versant Capital Management Inc now owns 331 shares of the technology company's stock valued at $40,000 after acquiring an additional 294 shares during the period. Brooklyn Investment Group acquired a new position in Arrow Electronics during the third quarter valued at approximately $40,000. Capital Performance Advisors LLP acquired a new stake in shares of Arrow Electronics in the 3rd quarter valued at approximately $73,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Arrow Electronics in the 3rd quarter valued at $78,000. 99.34% of the stock is currently owned by institutional investors and hedge funds.

Arrow Electronics Company Profile

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.