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 Trading Up 2.0 %

Shares of NYSE ARW traded up $2.36 during midday trading on Friday, hitting $121.03. The stock had a trading volume of 675,405 shares, compared to its average volume of 467,028. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 13.51 and a beta of 1.27. Arrow Electronics has a 1-year low of $108.51 and a 1-year 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 company has a fifty day moving average price of $131.33 and a 200 day moving average price of $128.15.

Arrow Electronics (NYSE:ARW) last released its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.15. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates 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 was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $4.14 EPS. On average, analysts predict that Arrow Electronics will post 10.74 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on ARW. Wells Fargo & Company boosted their price target on Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, August 2nd. Raymond James reduced their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Truist Financial reduced their price target on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, 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.