Arconic - ARNC Stock Forecast, Price & News

3 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, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research 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.
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3 equities research analysts have issued 1 year price objectives for Arconic's shares. Their ARNC share price forecasts range from $21.00 to $26.00. On average, they expect the company's share price to reach $22.67 in the next year. This suggests that the stock has a possible downside of 14.8%.
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Arconic's stock was trading at $21.16 at the start of the year. Since then, ARNC shares have increased by 25.7% and is now trading at $26.59.
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Arconic saw a decrease in short interest in February. As of February 28th, there was short interest totaling 2,530,000 shares, a decrease of 6.6% from the February 13th total of 2,710,000 shares. Based on an average trading volume of 928,100 shares, the short-interest ratio is currently 2.7 days. Approximately 2.6% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our ARNC earnings forecast.

Arconic Co. (NYSE:ARNC) issued its quarterly earnings results on Tuesday, February, 21st. The basic materials company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.25 by $0.06. The basic materials company had revenue of $1.94 billion for the quarter, compared to analysts' expectations of $1.98 billion. Arconic had a positive trailing twelve-month return on equity of 9.06% and a negative net margin of 2.03%.

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), Direxion Daily Metal Miners Bull 2X Shares (MNM), 3D Printing ETF (PRNT), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Invesco S&P SmallCap 600 Revenue ETF (RWJ), iShares U.S. Infrastructure ETF (IFRA) and Optica Rare Earths & Critical Materials ETF (CRIT).

Arconic announced that its board has approved a share buyback program on Wednesday, November 16th 2022, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits 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 board of directors believes its shares are undervalued.

Arconic issued an update on its FY 2023 earnings guidance on Tuesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $8.00 billion-$8.50 billion, compared to the consensus revenue estimate of $8.47 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 a number of institutional and retail investors. Top institutional shareholders include Harris Associates L P (4.81%), Morgan Stanley (3.77%), Dimensional Fund Advisors LP (3.24%), Macquarie Group Ltd. (2.54%), Norges Bank (1.89%) and Geode Capital Management LLC (1.83%). Insiders that own company stock include Diana B Perreiah, Diana Toman, E Stanley Oneal, Erick R Asmussen, Frederick A Henderson, Mark J Vrablec, Mary Zik, Melissa M Miller, Timothy Donald Myers and William F Austen.
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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 $26.59.

Arconic (NYSE:ARNC) has a market capitalization of $2.64 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 ($1.89) 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.