Zacks Research Has Bearish Forecast for ARW FY2024 Earnings

Arrow Electronics, Inc. (NYSE:ARW) – Investment analysts at Zacks Research decreased their FY2024 earnings estimates for Arrow Electronics in a report issued 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 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 equities analysts also recently issued reports on ARW. Truist Financial lowered their price target on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating for the company in a report on Friday, November 1st. 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, November 1st. Finally, Wells Fargo & Company upped their price target on Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Arrow Electronics presently has a consensus rating of “Hold” and a consensus price target of $124.25.

Arrow Electronics Stock Performance

Shares of ARW opened at $120.87 on Monday. The stock has a 50 day moving average price of $127.63 and a 200 day moving average price of $127.32. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 13.46 and a beta of 1.27. Arrow Electronics has a 52-week low of $108.51 and a 52-week high of $137.80.

Arrow Electronics (NYSE:ARW) last released its earnings results on Thursday, October 31st. The technology company reported $2.38 earnings per share 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 analyst estimates of $6.73 billion. Arrow Electronics had a net margin of 1.71% and a return on equity of 10.71%. The business’s quarterly revenue was down 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.14 earnings per share.

Institutional Investors Weigh In On Arrow Electronics

Several large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Arrow Electronics by 13.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,743,892 shares of the technology company’s stock valued at $331,353,000 after acquiring an additional 325,122 shares during the period. Pacer Advisors Inc. boosted its holdings in shares of Arrow Electronics by 71.9% in the third quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock valued at $278,220,000 after acquiring an additional 876,396 shares during the period. Greenhaven Associates Inc. lifted its holdings in shares of Arrow Electronics by 1.7% during the second quarter. Greenhaven Associates Inc. now owns 1,882,880 shares of the technology company’s stock worth $227,377,000 after purchasing an additional 32,052 shares during the period. Cooke & Bieler LP lifted its holdings in shares of Arrow Electronics by 3.1% during the second quarter. Cooke & Bieler LP now owns 1,877,460 shares of the technology company’s stock worth $226,722,000 after purchasing an additional 56,781 shares during the period. Finally, State Street Corp lifted its holdings in shares of Arrow Electronics by 0.3% during the third quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock worth $224,442,000 after purchasing an additional 4,811 shares during the period. 99.34% of the stock is owned by institutional investors and hedge funds.

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.