Arconic Inc. engineers, manufactures, and sells lightweight metals of aluminum, titanium, and nickel worldwide. It operates through 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, as well as various forged, extruded, and machined metal products. This segment serves commercial and defense aerospace, commercial transportation, and power generation end markets. The Global Rolled Products segment produces and sells aluminum sheets and plates; and aseptic foils. This segment serves commercial and defense aerospace, commercial transportation, and power generation end markets. The Transportation and Construction Solutions segment produces and sells integrated aluminum structural systems, architectural extrusions, and forged aluminum commercial vehicle wheels, as well as aluminum products for the industrial products end market. This segment serves nonresidential building and construction, and commercial transportation end markets. The company sells its products directly to customers and through distributors. Arconic Inc. was founded in 2016 and is based in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryN/A
SectorBasic Materials
Current SymbolNYSE:ARNC
Previous Symbol
CUSIPN/A
Phone212-836-2732
Debt
Debt-to-Equity Ratio1.19
Current Ratio2.03
Quick Ratio1.16
Price-To-Earnings
Trailing P/E Ratio16.69
Forward P/E Ratio15.57
P/E Growth0.78
Sales & Book Value
Annual Sales$12.96 billion
Price / Sales0.76
Cash Flow$3.9306 per share
Price / Cash5.19
Book Value$11.01 per share
Price / Book1.85
Profitability
EPS (Most Recent Fiscal Year)$1.22
Net Income$-74,000,000.00
Net Margins-2.19%
Return on Equity12.94%
Return on Assets3.63%
Miscellaneous
Employees41,500
Outstanding Shares483,240,000
Market Cap$9.83 billion
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 declared a quarterly dividend on Friday, September 28th. Investors of record on Friday, November 2nd will be paid a dividend of $0.06 per share on Sunday, November 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Thursday, November 1st. View Arconic's Dividend History.
How were Arconic's earnings last quarter?
Arconic Inc (NYSE:ARNC) released its quarterly earnings data on Tuesday, October, 30th. The basic materials company reported $0.32 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.02. The basic materials company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.48 billion. Arconic had a positive return on equity of 12.94% and a negative net margin of 2.19%. The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $0.25 EPS. View Arconic's Earnings History.
When is Arconic's next earnings date?
What guidance has Arconic issued on next quarter's earnings?
Arconic issued an update on its FY18 earnings guidance on Tuesday, October, 30th. The company provided earnings per share (EPS) guidance of $1.28-1.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.31. The company issued revenue guidance of $13.70-14.00 billion, compared to the consensus revenue estimate of $13.94 billion.
What price target have analysts set for ARNC?
11 Wall Street analysts have issued 12-month price objectives for Arconic's shares. Their predictions range from $15.00 to $29.00. On average, they anticipate Arconic's stock price to reach $24.3333 in the next twelve months. This suggests a possible upside of 19.3% from the stock's current price. View Analyst Price Targets for Arconic.
What is the consensus analysts' recommendation for Arconic?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last year. There are currently 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Arconic.
Has Arconic been receiving favorable news coverage?
Press coverage about ARNC stock has trended somewhat positive this week, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Arconic earned a media sentiment score of 0.7 on InfoTrie's scale. They also gave news articles about the basic materials company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the immediate future.
Are investors shorting Arconic?
Arconic saw a decline in short interest during the month of October. As of October 15th, there was short interest totalling 10,929,427 shares, a decline of 20.2% from the September 28th total of 13,699,804 shares. Based on an average daily trading volume, of 3,544,857 shares, the days-to-cover ratio is currently 3.1 days. Currently, 2.3% of the shares of the company are sold short. View Arconic's Current Options Chain.
Who are some of Arconic's key competitors?
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 52)
- Ms. Katherine Hargrove Ramundo, Exec. VP, Chief Legal Officer, Corp. Sec. & Member of Exec. Council (Age 50)
- Mr. Timothy Donald Myers, Exec. VP & Member of Exec. Council (Age 52)
- Mr. Charles P. Blankenship Jr., CEO & Director
- Dr. Raymond J. Kilmer, Chief Technology Officer, Exec. VP & Member of Exec. Council (Age 53)
Who are Arconic's major shareholders?
Arconic's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include First Pacific Advisors LP (5.44%), Canyon Capital Advisors LLC (1.76%), Dimensional Fund Advisors LP (0.98%), Loomis Sayles & Co. L P (0.86%), Wells Fargo & Company MN (0.79%) and Morgan Stanley (0.70%). Company insiders that own Arconic stock include Associates LP Elliott, Christopher L Ayers, David P Hess, Elmer L Doty, International LP Elliott, James F Albaugh, 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 Fairpointe Capital LLC, Wells Fargo & Company MN, Renaissance Technologies LLC, Dimensional Fund Advisors LP, Allianz Asset Management GmbH, Mitsubishi UFJ Trust & Banking Corp, State of New Jersey Common Pension Fund D and Schneider Capital Management Corp. 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 Morgan Stanley, Canyon Capital Advisors LLC, Korea Investment CORP, AXA, Anavon Capital LLP, Point72 Asset Management L.P., Reinhart Partners Inc. and Toronto Dominion Bank. Company insiders that have bought Arconic stock in the last two years include Associates LP Elliott, Christopher L Ayers, David P Hess, Elmer L Doty, International LP Elliott, James F Albaugh, 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 $20.40.
How big of a company is Arconic?
Arconic has a market capitalization of $9.83 billion and generates $12.96 billion in revenue each year. The basic materials company earns $-74,000,000.00 in net income (profit) each year or $1.22 on an earnings per share basis. Arconic employs 41,500 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.
