Arrow Electronics (NYSE:ARW) Releases Q4 Earnings Guidance

Arrow Electronics (NYSE:ARW) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.48-2.68 for the period, compared to the consensus earnings per share 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.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Truist Financial decreased their price objective on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research note on Friday. Raymond James decreased their price objective on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Friday. Finally, Wells Fargo & Company lifted 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Arrow Electronics has a consensus rating of “Hold” and a consensus target price of $124.25.

Arrow Electronics Stock Performance

Shares of ARW stock traded up $2.36 on Friday, reaching $121.03. The stock had a trading volume of 675,405 shares, compared to its average volume of 467,028. The firm’s 50-day moving average is $131.33 and its two-hundred day moving average is $128.15. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 13.51 and a beta of 1.27. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. Arrow Electronics has a 12 month low of $108.51 and a 12 month high of $137.80.

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

About Arrow Electronics

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.