Arconic - ARNC Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ARNC shares.
View ARNC analyst ratings or view top-rated stocks.

4 analysts have issued twelve-month price objectives for Arconic's stock. Their ARNC share price forecasts range from $22.00 to $40.00. On average, they expect the company's stock price to reach $28.50 in the next year. This suggests a possible upside of 29.3% from the stock's current price.
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Arconic's stock was trading at $33.01 on January 1st, 2022. Since then, ARNC shares have decreased by 33.2% and is now trading at $22.04.
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Arconic saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 2,400,000 shares, a decline of 11.1% from the October 31st total of 2,700,000 shares. Based on an average daily trading volume, of 846,400 shares, the days-to-cover ratio is currently 2.8 days. Approximately 2.4% of the company's shares are sold short.
View Arconic's Short Interest.

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) posted its quarterly earnings results on Tuesday, November, 1st. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.14. The basic materials company had revenue of $2.28 billion for the quarter, compared to analysts' expectations of $2.17 billion. Arconic had a trailing twelve-month return on equity of 8.54% and a net margin of 0.58%. The business's revenue for the quarter was up 20.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS.

Arconic declared that its Board of Directors has authorized a share repurchase program on Wednesday, November 16th 2022, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 9.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Arconic updated its FY 2022 earnings guidance on Tuesday, November, 8th. The company provided earnings per share 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (19.12%), Vanguard Group Inc. (11.72%), State Street Corp (6.27%), Macquarie Group Ltd. (2.65%), Dimensional Fund Advisors LP (2.64%) and Massachusetts Financial Services Co. MA (1.55%). 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.
View institutional ownership trends.

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 $22.04.

Arconic (NYSE:ARNC) has a market capitalization of $2.24 billion and generates $7.50 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.