Arconic - ARNC Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last twelve months. There are currently 2 hold ratings 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.
View ARNC analyst ratings or view top-rated stocks.

3 Wall Street analysts have issued 1 year price targets for Arconic's stock. Their ARNC share price forecasts range from $22.00 to $26.00. On average, they predict the company's share price to reach $23.67 in the next twelve months. This suggests that the stock has a possible downside of 4.8%.
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Arconic's stock was trading at $21.16 on January 1st, 2023. Since then, ARNC stock has increased by 17.4% and is now trading at $24.85.
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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 data on Tuesday, November, 2nd. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.37. The basic materials company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.95 billion. Arconic had a net margin of 0.58% and a trailing twelve-month return on equity of 8.54%. During the same quarter in the prior year, the company earned $0.05 EPS.

Arconic (NYSE:ARNC) pays an annual dividend of $0.08 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 17.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ARNC will have a dividend payout ratio of 4.76% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ARNC.

Arconic declared that its board has approved a stock buyback plan 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 shares through open market purchases. Shares buyback plans are often an indication that the company's board believes its shares are undervalued.

Arconic updated 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 a variety of institutional and retail investors. Top institutional shareholders include Deroy & Devereaux Private Investment Counsel Inc. (0.71%), New York State Teachers Retirement System (0.14%), Wolverine Asset Management LLC (0.00%), State of New Jersey Common Pension Fund D (0.10%), ARK Investment Management LLC (0.10%) and Yousif Capital Management LLC (0.07%). 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.
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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 $24.85.

Arconic (NYSE:ARNC) has a market capitalization of $2.52 billion and generates $9.16 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.