Arrow Electronics (NYSE:ARW) Releases Q4 Earnings Guidance

Arrow Electronics (NYSE:ARW) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.48-2.68 for the period, compared to the consensus estimate of $3.42. The company issued revenue guidance of $6.67-7.27 billion, compared to the consensus revenue estimate of $7.25 billion. Arrow Electronics also updated its Q4 2024 guidance to 2.480-2.680 EPS.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Wells Fargo & Company upped their price target on shares of Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. 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 report on Friday. Finally, Raymond James dropped their price target on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $124.25.

Arrow Electronics Price Performance

ARW stock opened at $121.03 on Friday. Arrow Electronics has a one year low of $108.51 and a one year high of $137.80. The company’s fifty day moving average price is $131.33 and its 200-day moving average price is $128.18. 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 capitalization of $6.41 billion, a PE ratio of 13.51 and a beta of 1.27.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, topping the consensus estimate of $2.23 by $0.15. Arrow Electronics had a net margin of 1.97% and a return on equity of 12.77%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.73 billion. During the same quarter in the previous year, the firm earned $4.14 earnings per share. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, equities analysts anticipate that Arrow Electronics will post 10.74 EPS for the current fiscal year.

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.