Arconic Inc. engineers, manufactures, and sells lightweight metals worldwide. The company operate in three segments: Engineered Products and Solutions, Global Rolled Products, and Transportation and Construction Solutions. The Engineered Products and Solutions produces and sells fastening systems and seamless rolled rings; investment castings, including airfoils and forged jet engine components; and extruded, machined, and formed aircraft parts for aerospace (commercial and defense), industrial, commercial transportation, and power generation end markets. It also offers various forged, extruded, and machined metal products for the oil and gas, automotive, and land and sea defense end markets. The Global Rolled Products segment produces and sells aluminum sheets and plates for the aerospace, automotive, commercial transportation, packaging, building and construction, and industrial products end markets; and aseptic foils for the packaging end market. The Transportation and Construction Solutions segment provides integrated aluminum structural systems, architectural extrusions, and forged aluminum commercial vehicle wheels, which are used primarily in the commercial transportation and nonresidential building and construction end markets. It also produces aluminum products for the industrial products end market. Arconic Inc. sells its products directly to customers, as well as through distributors. The company was founded in 1888 and is based in New York, New York.
Industry, Sector and Symbol
Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryN/A
SectorBasic Materials
Phone212-836-2732
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$14.01 billion
Profitability
Miscellaneous
Employees43,000
Next Earnings Date4/29/2019 (Estimated)
OptionableOptionable
Arconic (NYSE:ARNC) Frequently Asked Questions
What is Arconic's stock symbol?
Arconic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARNC."
How often does Arconic pay dividends? What is the dividend yield for Arconic?
Arconic announced a quarterly dividend on Tuesday, March 12th. Investors of record on Friday, May 3rd will be paid a dividend of $0.02 per share on Saturday, May 25th. This represents a $0.08 annualized dividend and a yield of 0.43%. The ex-dividend date is Thursday, May 2nd. View Arconic's Dividend History.
How were Arconic's earnings last quarter?
Arconic Inc (NYSE:ARNC) announced its quarterly earnings results on Friday, February, 8th. The basic materials company reported $0.33 EPS for the quarter, beating the Zacks' consensus estimate of $0.30 by $0.03. The basic materials company earned $3.47 billion during the quarter, compared to the consensus estimate of $3.47 billion. Arconic had a net margin of 4.58% and a return on equity of 12.73%. The company's quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS. View Arconic's Earnings History.
When is Arconic's next earnings date?
What guidance has Arconic issued on next quarter's earnings?
Arconic updated its FY19 earnings guidance on Friday, February, 8th. The company provided earnings per share (EPS) guidance of $1.55-1.65 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.59. The company issued revenue guidance of $14.3-14.6 billion, compared to the consensus revenue estimate of $14.43 billion.
What price target have analysts set for ARNC?
10 Wall Street analysts have issued 12-month target prices for Arconic's stock. Their predictions range from $18.26 to $29.00. On average, they anticipate Arconic's stock price to reach $23.2511 in the next year. This suggests a possible upside of 23.7% from the stock's current price. View Analyst Price Targets for Arconic.
What is the consensus analysts' recommendation for Arconic?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Arconic.
Has Arconic been receiving favorable news coverage?
Headlines about ARNC stock have been trending somewhat positive on Tuesday, InfoTrie reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Arconic earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned press coverage about the basic materials company a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the near term.
Are investors shorting Arconic?
Arconic saw a decrease in short interest in March. As of March 15th, there was short interest totalling 30,315,910 shares, a decrease of 19.9% from the February 28th total of 37,854,489 shares. Based on an average daily volume of 4,682,452 shares, the short-interest ratio is presently 6.5 days. Currently, 6.4% of the company's shares are sold short. View Arconic's Current Options Chain.
Who are some of Arconic's key competitors?
What other stocks do shareholders of Arconic own?
Who are Arconic's key executives?
Arconic's management team includes the folowing people:
- Mr. Kenneth J. Giacobbe, CFO, Exec. VP & Member of Exec. Council (Age 53)
- Ms. Katherine Hargrove Ramundo, Exec. VP, Chief Legal Officer, Corp. Sec. & Member of Exec. Council (Age 51)
- Mr. Timothy Donald Myers, Exec. VP & Member of Exec. Council (Age 53)
- Mr. Charles P. Blankenship Jr., CEO & Director
- Dr. Raymond J. Kilmer, Chief Technology Officer, Exec. VP & Member of Exec. Council (Age 54)
Who are Arconic's major shareholders?
Arconic's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Harris Associates L P (3.78%), Canyon Capital Advisors LLC (1.96%), Geode Capital Management LLC (1.15%), Dimensional Fund Advisors LP (1.00%), Northern Trust Corp (0.96%) and FMR LLC (0.94%). Company insiders that own Arconic stock include Christopher L Ayers, David P Hess, Elmer L Doty, International LP Elliott, James F Albaugh, John C Plant, Patrice E Merrin, Patricia F Russo and Ulrich Schmidt. View Institutional Ownership Trends for Arconic.
Which institutional investors are selling Arconic stock?
ARNC stock was sold by a variety of institutional investors in the last quarter, including Boston Partners, Douglas Lane & Associates LLC, Harris Associates L P, Bank of Nova Scotia, Millennium Management LLC, Highbridge Capital Management LLC, Toronto Dominion Bank and California Public Employees Retirement System. View Insider Buying and Selling for Arconic.
Which institutional investors are buying Arconic stock?
ARNC stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Norges Bank, Oregon Public Employees Retirement Fund, State of New Jersey Common Pension Fund D, Canyon Capital Advisors LLC, Prudential Financial Inc., Hsbc Holdings PLC and Geode Capital Management LLC. Company insiders that have bought Arconic stock in the last two years include Christopher L Ayers, David P Hess, Elmer L Doty, International LP Elliott, James F Albaugh, John C Plant, Patrice E Merrin, Patricia F Russo and Ulrich Schmidt. View Insider Buying and Selling for Arconic.
How do I buy shares of Arconic?
Shares of ARNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Arconic's stock price today?
One share of ARNC stock can currently be purchased for approximately $18.80.
How big of a company is Arconic?
Arconic has a market capitalization of $9.12 billion and generates $14.01 billion in revenue each year. The basic materials company earns $642 million in net income (profit) each year or $1.36 on an earnings per share basis. Arconic employs 43,000 workers across the globe.
What is Arconic's official website?
How can I contact Arconic?
Arconic's mailing address is 390 PARK AVENUE, NEW YORK NY, 10022. The basic materials company can be reached via phone at 212-836-2732 or via email at [email protected]
MarketBeat Community Rating for Arconic (NYSE ARNC)
MarketBeat's community ratings are surveys of what our community members think about Arconic and other stocks. Vote "Outperform" if you believe ARNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ARNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
