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.

Arrow Electronics Trading Up 2.0 %

Shares of Arrow Electronics stock traded up $2.36 on Friday, hitting $121.03. 675,405 shares of the company’s stock traded hands, compared to its average volume of 467,028. The company has a fifty day moving average of $131.33 and a two-hundred day moving average of $128.15. Arrow Electronics has a one year low of $108.51 and a one year high of $137.80. The company 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 debt-to-equity ratio of 0.43, a current ratio of 1.48 and a quick ratio of 1.07.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.15. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.73 billion. Arrow Electronics had a return on equity of 12.77% and a net margin of 1.97%. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.14 EPS. As a group, sell-side analysts expect that Arrow Electronics will post 10.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ARW shares. Raymond James decreased 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 note on Friday. 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 report on Friday, August 2nd. Finally, Truist Financial cut their price target on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a 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. Based on data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Hold” and a consensus price target of $124.25.

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.