Arconic (ARNC) Stock Price, News & Analysis

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ARNC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARNC, but not buy additional shares or sell existing shares.
View ARNC analyst ratings or view top-rated stocks.

Arconic Co. (NYSE:ARNC) issued its quarterly earnings data on Monday, July, 31st. The basic materials company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.08. The basic materials company had revenue of $1.99 billion for the quarter, compared to analysts' expectations of $2.05 billion. Arconic had a positive trailing twelve-month return on equity of 8.18% and a negative net margin of 3.12%. The firm's quarterly revenue was down 21.9% on a year-over-year basis. During the same quarter last year, the business earned $1.05 earnings per share.

ETFs with the largest weight of Arconic (NYSE:ARNC) stock in their portfolio include Direxion Daily Metals & Mining Bull 2X Shares (MNM).SPDR S&P 600 Small Cap ETF (SLY).

Arconic announced that its Board of Directors has authorized a stock buyback program on Wednesday, November 16th 2022, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board of directors believes its shares are undervalued.

73 employees have rated Arconic Chief Executive Officer Mr. John C. Plant on Glassdoor.com. Mr. John C. Plant has an approval rating of 34% among the company's employees. This puts Mr. John C. Plant in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Arconic investors own include Alcoa (AA), Bank of America (BAC), Cisco Systems (CSCO), Boeing (BA), General Electric (GE), Advanced Micro Devices (AMD), AT&T (T), Micron Technology (MU), NVIDIA (NVDA) and QUALCOMM (QCOM).