Arrow Electronics (NYSE:ARW) Issues Q4 Earnings Guidance

Arrow Electronics (NYSE:ARW) 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) 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

A number of analysts recently commented on the company. Raymond James lifted their price target on Arrow Electronics from $135.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Truist Financial lifted their price target on Arrow Electronics from $124.00 to $141.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Wells Fargo & Company boosted their target price on Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. One research 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $130.75.

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.