Arrow Electronics (ARW) Projected to Post Quarterly Earnings on Thursday

Arrow Electronics (NYSE:ARW) is projected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Arrow Electronics to post earnings of $2.80 per share and revenue of $7.01 billion for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Arrow Electronics Stock Performance

NYSE:ARW opened at $115.02 on Thursday. Arrow Electronics has a 1-year low of $108.51 and a 1-year high of $137.80. The firm has a market cap of $6.05 billion, a PE ratio of 12.84 and a beta of 1.26. The firm has a 50 day simple moving average of $116.51 and a 200-day simple moving average of $123.60. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.46 and a quick ratio of 1.09.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ARW. Raymond James decreased their price target on shares of Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Wells Fargo & Company lowered their price target on Arrow Electronics from $105.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, January 13th. Finally, Truist Financial cut their price objective on Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, November 1st.

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.