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 (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 Price Performance

Shares of ARW stock traded up $2.36 during mid-day trading on Friday, reaching $121.03. The stock had a trading volume of 675,405 shares, compared to its average volume of 467,028. Arrow Electronics has a 12-month low of $108.51 and a 12-month high of $137.80. The company has a market cap of $6.41 billion, a P/E ratio of 13.51 and a beta of 1.27. The business has a 50-day simple moving average of $131.33 and a 200 day simple moving average of $128.15. The company has a current ratio of 1.48, a quick ratio of 1.07 and a debt-to-equity ratio of 0.43.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.15. The firm had revenue of $6.82 billion during 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 firm’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.14 EPS. On average, sell-side analysts anticipate that Arrow Electronics will post 10.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ARW. Wells Fargo & Company lifted their price objective on 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 objective on 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 lowered their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Friday. One equities 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’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.