Research Analysts Offer Predictions for ARW FY2024 Earnings

Arrow Electronics, Inc. (NYSE:ARW) – Equities researchers at Zacks Research reduced their FY2024 earnings estimates for Arrow Electronics in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now expects that the technology company will post earnings per share of $10.21 for the year, down from their prior estimate of $10.51. The consensus estimate for Arrow Electronics’ current full-year earnings is $10.23 per share. Zacks Research also issued estimates for Arrow Electronics’ Q2 2025 earnings at $3.00 EPS, Q3 2025 earnings at $2.87 EPS, Q1 2026 earnings at $2.00 EPS, Q2 2026 earnings at $4.03 EPS, Q3 2026 earnings at $2.38 EPS and FY2026 earnings at $11.90 EPS.

A number of other analysts have also weighed in on the stock. Truist Financial reduced their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company boosted their price objective on shares of Arrow Electronics from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, August 2nd. Finally, Raymond James cut their target price on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Hold” and a consensus price target of $124.25.

Arrow Electronics Price Performance

Shares of NYSE:ARW opened at $121.68 on Monday. The company has a market capitalization of $6.40 billion, a PE ratio of 13.58 and a beta of 1.27. The business has a fifty day moving average price of $127.74 and a 200-day moving average price of $127.35. Arrow Electronics has a 1-year low of $108.51 and a 1-year high of $137.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09.

Arrow Electronics (NYSE:ARW) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.15. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the company earned $4.14 EPS. The firm’s revenue for the quarter was down 14.8% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. True Wealth Design LLC purchased a new stake in Arrow Electronics during the 3rd quarter valued at $31,000. Brooklyn Investment Group purchased a new stake in Arrow Electronics during the third quarter valued at $40,000. Versant Capital Management Inc increased its position in Arrow Electronics by 794.6% during the second quarter. Versant Capital Management Inc now owns 331 shares of the technology company’s stock valued at $40,000 after acquiring an additional 294 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Arrow Electronics in the third quarter valued at about $73,000. Finally, DekaBank Deutsche Girozentrale purchased a new position in Arrow Electronics in the third quarter worth about $78,000. Institutional investors own 99.34% of the company’s stock.

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.