Arconic - ARNC Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ARNC shares.
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4 brokers have issued twelve-month price targets for Arconic's stock. Their ARNC share price forecasts range from $22.00 to $40.00. On average, they predict the company's stock price to reach $28.50 in the next twelve months. This suggests a possible upside of 25.2% from the stock's current price.
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Arconic's stock was trading at $33.01 at the beginning of the year. Since then, ARNC shares have decreased by 31.0% and is now trading at $22.77.
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Arconic saw a drop in short interest in November. As of November 15th, there was short interest totaling 2,400,000 shares, a drop of 11.1% from the October 31st total of 2,700,000 shares. Based on an average daily volume of 846,400 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.4% of the company's stock are sold short.
View Arconic's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Friday, February 17th 2023.
View our ARNC earnings forecast.

Arconic Co. (NYSE:ARNC) released its quarterly earnings results on Tuesday, November, 1st. The basic materials company reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by $0.14. The basic materials company earned $2.28 billion during the quarter, compared to analysts' expectations of $2.17 billion. Arconic had a net margin of 0.58% and a trailing twelve-month return on equity of 8.54%. The firm's revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.15 EPS.

Arconic announced that its board has authorized a stock buyback plan 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 repurchase up to 9.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Arconic issued an update on its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $9.00 billion-$9.30 billion, compared to the consensus revenue estimate of $9.05 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."

Arconic's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (19.12%), Vanguard Group Inc. (11.72%), State Street Corp (6.27%), Macquarie Group Ltd. (2.65%), Dimensional Fund Advisors LP (2.64%) and Massachusetts Financial Services Co. MA (1.55%). Insiders that own company stock include Diana B Perreiah, Diana Toman, E Stanley Oneal, Erick R Asmussen, Frederick A Henderson, Katherine H Ramundo, Mark J Vrablec, Mary Zik, Melissa M Miller, Timothy Donald Myers and William F Austen.
View institutional ownership trends.

Shares of ARNC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ARNC stock can currently be purchased for approximately $22.77.

Arconic (NYSE:ARNC) has a market capitalization of $2.31 billion and generates $7.50 billion in revenue each year. The basic materials company earns $-397,000,000.00 in net income (profit) each year or $0.45 on an earnings per share basis.

The company employs 13,900 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.