Arconic - ARNC Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last year. There are currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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 brokerages have issued 1-year price targets for Arconic's shares. Their ARNC share price forecasts range from $21.00 to $26.00. On average, they predict the company's share price to reach $22.67 in the next twelve months. This suggests that the stock has a possible downside of 15.1%.
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Arconic's stock was trading at $21.16 at the beginning of 2023. Since then, ARNC stock has increased by 26.2% and is now trading at $26.70.
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Arconic saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 3,020,000 shares, an increase of 19.4% from the February 28th total of 2,530,000 shares. Based on an average daily volume of 966,700 shares, the short-interest ratio is presently 3.1 days. Currently, 3.1% of the company's stock are short sold.
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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) announced its quarterly earnings data on Tuesday, February, 21st. The basic materials company reported $0.31 EPS for the quarter, topping analysts' consensus estimates 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), Optica Rare Earths & Critical Materials ETF (CRIT) and iShares U.S. Infrastructure ETF (IFRA).

Arconic announced that its board has authorized a share repurchase program on Wednesday, November 16th 2022, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 9.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is 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 variety of retail and institutional 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 $26.70.

Arconic (NYSE:ARNC) has a market capitalization of $2.65 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.