Arrow Electronics, Inc. (ARW) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.01-1.13 for the period.

Shares of Arrow Electronics, Inc. (ARW) traded up 2.26% during mid-day trading on Wednesday, hitting $35.33. Arrow Electronics, Inc. (ARW) has a one year low of $30.84 and a one year high of $43.39. The company has a market cap of $3.844 billion and a P/E ratio of 7.34.

Arrow Electronics last released its earnings data on Wednesday, October 31st. The company reported $1.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.03. The company’s quarterly revenue was down 4.3% on a year-over-year basis. Analysts expect that Arrow Electronics, Inc. (ARW) will post $4.33 EPS for the current fiscal year.

A number of analysts have recently weighed in on ARW shares. Analysts at Zacks upgraded shares of Arrow Electronics from an underperform rating to a neutral rating in a research note to investors on Friday, September 21st. They now have a $36.00 price target on the stock. On a related note, analysts at Miller Tabak downgraded shares of Arrow Electronics from a buy rating to a neutral rating in a research note to investors on Tuesday, September 18th. They now have a $41.00 price target on the stock. Finally, analysts at Credit Agricole initiated coverage on shares of Arrow Electronics in a research note to investors on Tuesday, August 14th. They set an outperform rating on the stock.

Arrow Electronics, Inc. (Arrow) is a provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions.

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