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NYSE:ARNC

Arconic - ARNC Stock Forecast, Price & News

$27.22
-1.44 (-5.02%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
$27.09
$28.48
50-Day Range
$25.50
$30.42
52-Week Range
$22.45
$36.55
Volume
432,117 shs
Average Volume
1.08 million shs
Market Capitalization
$2.79 billion
P/E Ratio
21.95
Dividend Yield
N/A
Price Target
$38.00

Arconic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
39.6% Upside
$38.00 Price Target
Short Interest
Healthy
2.88% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$880,130 Sold Last Quarter
Proj. Earnings Growth
28.11%
From $2.81 to $3.60 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Industrial Products Sector

32nd out of 190 stocks

Rolling, Drawing, & Extruding Of Nonferrous Metals Industry

1st out of 7 stocks

ARNC stock logo

About Arconic (NYSE:ARNC) Stock

Arconic Corporation manufactures and sells aluminum sheets, plates, extrusions, and architectural products in the United States, Canada, China, France, Germany, Hungary, Russia, the United Kingdom, and internationally. It operates through three segments: Rolled Products, Building and Construction Systems, and Extrusions. The Rolled Products segment provides a range of aluminum sheet and plate products for ground transportation, aerospace, industrial, and packaging markets; and roofing, architectural composite panels, ventilated facades and ceiling panels, spacers, culvert pipes, and gutters for building and construction markets. The Building and Construction Systems segment provides various products and building envelope solutions, such as entrances, curtain walls, windows, composite panels, and coil coated sheets for fabricators and glazing subcontractors under the Kawneer, Reynobond, and Reynolux brands. The Extrusions segment offers extruded products, including aerospace shapes, automotive shapes, seamless tubes, hollows, mortar fins, and high strength rods and bars for ground transportation, aerospace, and industrial markets. The company offers its products directly to customers, as well as through distributors. The company was formerly known as Arconic Rolled Products Corporation and changed its name to Arconic Corporation in April 2020. Arconic Corporation was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Arconic from $32.00 to $36.00 and gave the company a "neutral" rating in a report on Wednesday, June 8th. StockNews.com upgraded shares of Arconic from a "hold" rating to a "buy" rating in a report on Wednesday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Arconic from $40.00 to $34.00 in a report on Thursday, May 5th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $38.00.

Arconic Price Performance

Shares of ARNC opened at $28.66 on Friday. Arconic has a twelve month low of $22.45 and a twelve month high of $36.55. The stock's 50 day moving average is $28.11 and its two-hundred day moving average is $27.73. The firm has a market capitalization of $2.94 billion, a PE ratio of 23.11 and a beta of 1.60. The company has a current ratio of 1.63, a quick ratio of 0.78 and a debt-to-equity ratio of 0.88.

Arconic (NYSE:ARNC - Get Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.33. The firm had revenue of $2.55 billion during the quarter, compared to the consensus estimate of $2.42 billion. Arconic had a return on equity of 9.28% and a net margin of 1.53%. The company's quarterly revenue was up 41.5% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS. Research analysts anticipate that Arconic will post 2.81 earnings per share for the current year.

Insider Transactions at Arconic

In related news, EVP Melissa M. Miller sold 31,122 shares of the company's stock in a transaction on Monday, August 8th. The shares were sold at an average price of $28.28, for a total transaction of $880,130.16. Following the completion of the sale, the executive vice president now directly owns 66,926 shares of the company's stock, valued at approximately $1,892,667.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.79% of the company's stock.

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ARNC Stock News Headlines

ARNC Crosses Above Key Moving Average Level
Arconic (NYSE:ARNC) Upgraded at StockNews.com
Arconic: Q2 Earnings Insights - Benzinga
Arconic Reports Second Quarter 2022 Results
See More Headlines
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ARNC Company Calendar

Last Earnings
8/02/2022
Today
8/19/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Rolling, drawing, & extruding of nonferrous metals
Sub-Industry
N/A
CIK
4281
Fax
N/A
Employees
13,900
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$38.00
High Stock Price Forecast
$42.00
Low Stock Price Forecast
$34.00
Forecasted Upside/Downside
+39.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

Net Income
$-397,000,000.00
Pretax Margin
2.45%

Debt

Sales & Book Value

Annual Sales
$7.50 billion
Cash Flow
$3.82 per share
Book Value
$17.61 per share

Miscellaneous

Free Float
101,853,000
Market Cap
$2.79 billion
Optionable
Optionable
Beta
1.60

Key Executives

  • Mr. Timothy Donald MyersMr. Timothy Donald Myers (Age 56)
    CEO & Director
    Comp: $1.82M
  • Mr. Erick R. Asmussen (Age 55)
    Exec. VP & CFO
    Comp: $1M
  • Ms. Melissa M. MillerMs. Melissa M. Miller (Age 50)
    Exec. VP & Chief HR Officer
    Comp: $626.17k
  • Mr. Mark J. VrablecMr. Mark J. Vrablec (Age 61)
    Exec. VP & Chief Commercial Officer
    Comp: $755.28k
  • Mr. Shane Andrew Rourke
    Director of Investor Relations
  • Mr. Daniel G. Fayock
    Exec. VP, Chief Legal Officer & Corp. Sec.
  • Mr. Eric S. Rasmussen (Age 54)
    VP of Strategy & Corp. Devel.
  • Mr. Nandu Srinivasan
    Pres of Global Rolled Products - North America
  • Mr. Rob L. Woodall
    Pres of Global Rolled Products - Europe & Asia
  • Ms. Mary E. ZikMs. Mary E. Zik (Age 50)
    VP & Controller













ARNC Stock - Frequently Asked Questions

Should I buy or sell Arconic stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last twelve months. There are currently 1 hold rating and 3 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.

What is Arconic's stock price forecast for 2022?

4 brokerages have issued 1 year target prices for Arconic's stock. Their ARNC share price forecasts range from $34.00 to $42.00. On average, they anticipate the company's stock price to reach $38.00 in the next twelve months. This suggests a possible upside of 39.6% from the stock's current price.
View analysts price targets for ARNC
or view top-rated stocks among Wall Street analysts.

How have ARNC shares performed in 2022?

Arconic's stock was trading at $33.01 at the beginning of the year. Since then, ARNC stock has decreased by 17.5% and is now trading at $27.22.
View the best growth stocks for 2022 here
.

Are investors shorting Arconic?

Arconic saw a decrease in short interest in July. As of July 15th, there was short interest totaling 3,110,000 shares, a decrease of 23.8% from the June 30th total of 4,080,000 shares. Based on an average daily trading volume, of 968,200 shares, the short-interest ratio is currently 3.2 days. Approximately 3.0% of the company's shares are sold short.
View Arconic's Short Interest
.

When is Arconic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our ARNC earnings forecast
.

How were Arconic's earnings last quarter?

Arconic Co. (NYSE:ARNC) released its earnings results on Tuesday, August, 2nd. The basic materials company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.33. The basic materials company earned $2.55 billion during the quarter, compared to the consensus estimate of $2.42 billion. Arconic had a trailing twelve-month return on equity of 9.28% and a net margin of 1.53%. Arconic's revenue was up 41.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.05) EPS.

What guidance has Arconic issued on next quarter's earnings?

Arconic updated its FY 2022 earnings guidance on Tuesday, August, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $9.60 billion-$10.00 billion, compared to the consensus revenue estimate of $9.35 billion.

What is Mr. John C. Plant's approval rating as Arconic's CEO?

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.

What other stocks do shareholders of Arconic own?

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).

What is Arconic's stock symbol?

Arconic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARNC."

Who are Arconic's major shareholders?

Arconic's stock is owned by many different retail and institutional investors. Top institutional investors include State Street Corp (6.55%), FMR LLC (5.17%), Sachem Head Capital Management LP (3.97%), Macquarie Group Ltd. (2.64%), Massachusetts Financial Services Co. MA (1.50%) and Northern Trust Corp (1.39%). Insiders that own company stock include Diana Toman, E Stanley Oneal, Erick R Asmussen, Frederick A Henderson, International LP Elliott, James F Albaugh, Katherine H Ramundo, Mark J Vrablec, Mary Zik, Melissa M Miller, Timothy Donald Myers and W Paul Myron.
View institutional ownership trends
.

How do I buy shares of Arconic?

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.
Compare Top Brokerages Here.

What is Arconic's stock price today?

One share of ARNC stock can currently be purchased for approximately $27.22.

How much money does Arconic make?

Arconic (NYSE:ARNC) has a market capitalization of $2.79 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 $1.24 on an earnings per share basis.

How many employees does Arconic have?

The company employs 13,900 workers across the globe.

How can I contact Arconic?

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.

This page (NYSE:ARNC) was last updated on 8/19/2022 by MarketBeat.com Staff

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