Arconic (ARNC) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last twelve months. There are currently 1 sell rating and 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" ARNC shares.
View ARNC analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued twelve-month price targets for Arconic's shares. Their ARNC share price forecasts range from $21.00 to $26.00. On average, they expect the company's stock price to reach $22.67 in the next twelve months. This suggests that the stock has a possible downside of 24.4%.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our ARNC earnings forecast.

Arconic Co. (NYSE:ARNC) posted its earnings results on Monday, July, 31st. The basic materials company reported $0.58 earnings per share 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 analyst estimates of $2.05 billion. Arconic had a negative net margin of 3.12% and a positive trailing twelve-month return on equity of 8.18%. The company's revenue for the quarter was down 21.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS.

ETFs with the largest weight of Arconic (NYSE:ARNC) stock in their portfolio include Invesco S&P SmallCap Materials ETF (PSCM), SPDR S&P Metals & Mining ETF (XME), ProShares Merger ETF (MRGR), Direxion Daily Metals & Mining Bull 2X Shares (MNM), 3D Printing ETF (PRNT), IQ Merger Arbitrage ETF (MNA), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Optica Rare Earths & Critical Materials ETF (CRIT).

Arconic announced that its Board of Directors has initiated 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 purchase up to 9.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Arconic issued an update on its second quarter 2023 earnings guidance on Friday, July, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.94 billion-$2.04 billion, compared to the consensus revenue estimate of $2.19 billion.

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).

Arconic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARNC."

One share of ARNC stock can currently be purchased for approximately $29.99.

Arconic (NYSE:ARNC) has a market capitalization of $3.01 billion and generates $8.96 billion in revenue each year. The basic materials company earns $-182,000,000.00 in net income (profit) each year or ($2.52) on an earnings per share basis.

The company employs 11,550 workers across the globe.

Arconic's mailing address is 201 Isabella Street Suite 400, Pittsburgh PA, 15212. The official website for the company is www.arconic.com. The basic materials company can be reached via phone at 412-992-2500 or via email at investor.relations@arconic.com.