Zacks Research Has Negative Outlook for ARW FY2024 Earnings

Arrow Electronics, Inc. (NYSE:ARW) – Research analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of Arrow Electronics in a note issued to investors on Thursday, November 21st. Zacks Research analyst R. Department now expects that the technology company will earn $10.21 per share for the year, down from their previous forecast of $10.51. The consensus estimate for Arrow Electronics’ current full-year earnings is $10.29 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.

ARW has been the topic of a number of other reports. Wells Fargo & Company lifted their target price 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 lowered their price objective on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Finally, Truist Financial reduced their target price on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $124.25.

Arrow Electronics Stock Performance

NYSE:ARW opened at $119.26 on Monday. The firm’s 50-day moving average is $127.74 and its 200-day moving average is $127.35. The company has a market cap of $6.27 billion, a price-to-earnings ratio of 13.31 and a beta of 1.27. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.46. Arrow Electronics has a 52-week low of $108.51 and a 52-week high of $137.80.

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 the consensus estimate 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 analysts’ expectations of $6.73 billion. During the same period in the prior year, the business earned $4.14 earnings per share. Arrow Electronics’s revenue for the quarter was down 14.8% compared to the same quarter last year.

Hedge Funds Weigh In On Arrow Electronics

Hedge funds have recently modified their holdings of the stock. Shell Asset Management Co. bought a new position in shares of Arrow Electronics during the first quarter valued at $247,000. Price T Rowe Associates Inc. MD lifted its holdings in Arrow Electronics by 4.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,310 shares of the technology company’s stock valued at $3,795,000 after purchasing an additional 1,381 shares during the last quarter. SVB Wealth LLC acquired a new position in Arrow Electronics in the first quarter valued at about $248,000. Bayesian Capital Management LP increased its holdings in shares of Arrow Electronics by 17.0% during the first quarter. Bayesian Capital Management LP now owns 15,663 shares of the technology company’s stock worth $2,028,000 after buying an additional 2,272 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Arrow Electronics by 657.5% in the first quarter. Janus Henderson Group PLC now owns 222,888 shares of the technology company’s stock valued at $28,854,000 after acquiring an additional 193,462 shares during the last quarter. 99.34% of the stock is owned by institutional investors and hedge funds.

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.