Arrow Electronics (NYSE:ARW – Get Free Report) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $2.48-2.68 for the period, compared to the consensus EPS 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.
Arrow Electronics Stock Up 1.0 %
ARW stock opened at $135.92 on Thursday. Arrow Electronics has a twelve month low of $108.51 and a twelve month high of $137.80. The company has a quick ratio of 1.07, a current ratio of 1.48 and a debt-to-equity ratio of 0.43. The stock’s 50 day moving average is $131.73 and its 200-day moving average is $128.17. The firm has a market capitalization of $7.20 billion, a PE ratio of 12.81 and a beta of 1.26.
Arrow Electronics (NYSE:ARW – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $2.78 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.62. The business had revenue of $6.89 billion for the quarter, compared to analyst estimates of $6.52 billion. Arrow Electronics had a return on equity of 12.77% and a net margin of 1.97%. Arrow Electronics’s quarterly revenue was down 19.0% compared to the same quarter last year. During the same period last year, the company posted $4.37 earnings per share. Sell-side analysts expect that Arrow Electronics will post 10.74 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Analysis on ARW
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.
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