About Arconic (NYSE:ARNC)
Arconic Inc. engineers, manufactures, and sells lightweight metals of aluminum, titanium, and nickel worldwide. It operates through three segments: Engineered Products and Solutions, Global Rolled Products, and Transportation and Construction Solutions. The Engineered Products and Solutions produces and sells fastening systems and seamless rolled rings; investment castings, including airfoils and forged jet engine components; and extruded, machined, and formed aircraft parts, as well as various forged, extruded, and machined metal products. This segment serves commercial and defense aerospace, commercial transportation, and power generation end markets. The Global Rolled Products segment produces and sells aluminum sheets and plates; and aseptic foils. This segment serves commercial and defense aerospace, commercial transportation, and power generation end markets. The Transportation and Construction Solutions segment produces and sells integrated aluminum structural systems, architectural extrusions, and forged aluminum commercial vehicle wheels, as well as aluminum products for the industrial products end market. This segment serves nonresidential building and construction, and commercial transportation end markets. The company sells its products directly to customers and through distributors. Arconic Inc. was founded in 2016 and is based in New York, New York.
Industry, Sector and Symbol
Industry Rolling, drawing, & extruding of nonferrous metals
Sub-IndustryN/A
SectorBasic Materials
SymbolNYSE:ARNC
CUSIPN/A
Phone212-836-2732
Debt
Debt-to-Equity Ratio1.40%
Current Ratio2.26%
Quick Ratio1.38%
Price-To-Earnings
Trailing P/E Ratio19.07
Forward P/E Ratio15.61
P/E Growth0.78
Sales & Book Value
Annual Sales$12.96 billion
Price / Sales0.87
Cash Flow$3.9224 per share
Price / Cash5.93
Book Value$10.12 per share
Price / Book2.30
Profitability
EPS (Most Recent Fiscal Year)$1.22
Net Income$-74,000,000.00
Net Margins-0.57%
Return on Equity11.29%
Return on Assets3.20%
Miscellaneous
Employees41,500
Outstanding Shares482,770,000
Arconic (NYSE:ARNC) Frequently Asked Questions
What is Arconic's stock symbol?
Arconic trades on the New York Stock Exchange (NYSE) under the ticker symbol "ARNC."
How often does Arconic pay dividends? What is the dividend yield for Arconic?
Arconic declared a quarterly dividend on Friday, February 16th. Shareholders of record on Friday, May 4th will be given a dividend of $0.06 per share on Friday, May 25th. This represents a $0.24 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 3rd. View Arconic's Dividend History.
How were Arconic's earnings last quarter?
Arconic (NYSE:ARNC) issued its earnings results on Monday, February, 5th. The basic materials company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.24 by $0.07. The basic materials company earned $3.27 billion during the quarter, compared to analyst estimates of $3.08 billion. Arconic had a positive return on equity of 11.29% and a negative net margin of 0.57%. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.12 earnings per share. View Arconic's Earnings History.
When is Arconic's next earnings date?
What guidance has Arconic issued on next quarter's earnings?
Arconic updated its FY18 earnings guidance on Monday, February, 5th. The company provided EPS guidance of $1.45-1.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.58. The company issued revenue guidance of $13.4-13.7 billion, compared to the consensus revenue estimate of $13.05 billion.
What price target have analysts set for ARNC?
9 brokerages have issued 12-month target prices for Arconic's shares. Their forecasts range from $25.00 to $35.00. On average, they expect Arconic's stock price to reach $29.3333 in the next year. View Analyst Ratings for Arconic.
What are Wall Street analysts saying about Arconic stock?
Here are some recent quotes from research analysts about Arconic stock:
- 1. According to Zacks Investment Research, "Earnings estimates for Arconic for the first quarter have been going down over the past month. The company is exposed to pricing pressure in EP&S and GRP segments. Unfavorable pricing in these units may weigh on margins of these businesses in the near term. Arconic also faces earnings headwinds stemming from charges related to LIFO method of accounting. The company is also exposed to weakness in certain end-markets. We are also concerned about its high balance sheet leverage. Arconic has also underperformed the industry it belongs to over the past six months." (4/9/2018)
- 2. Cowen Inc analysts commented, "ARNC’s role in the Grenfell Tower fire raises questions about the firm’s broader." (6/26/2017)
Who are some of Arconic's key competitors?
Some companies that are related to Arconic include Imperial Oil (IMO), Newmont Mining (NEM), Champion International Paper (IP), Nippon Steel & Sumitomo Metal (NSSMY), HeidelbergCement (HLBZF), Nucor (NUE), UPM (UPMKY), Asahi Kasei (AHKSY), DSM (RDSMY), Barrick Gold (ABX), thyssenkrupp (TYEKF), thyssenkrupp (TKAMY), Husky Energy (HSE), WestRock (WRK), Stora Enso (SEOAY), South32 (SOUHY), Barrick Gold (ABX) and Eastman Chemical (EMN).
Who are Arconic's key executives?
Arconic's management team includes the folowing people:
- Mr. Kenneth J. Giacobbe, Chief Financial Officer, Exec. VP and Member of Exec. Council (Age 52)
- Mr. Charles P. Blankenship Jr., CEO & Director
- Dr. Raymond J. Kilmer, Chief Technology Officer, Exec. VP and Member of Exec. Council (Age 53)
- Patricia Figueroa, VP of Investor Relations
- Ms. Susan Ringler, Chief Ethics & Compliance Officer and VP
Has Arconic been receiving favorable news coverage?
Media stories about ARNC stock have trended positive recently, according to Accern. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Arconic earned a news sentiment score of 0.44 on Accern's scale. They also gave news stories about the basic materials company an impact score of 45.71 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
How do I buy shares of Arconic?
Shares of ARNC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Arconic's stock price today?
One share of ARNC stock can currently be purchased for approximately $23.26.
How big of a company is Arconic?
Arconic has a market capitalization of $11.23 billion and generates $12.96 billion in revenue each year. The basic materials company earns $-74,000,000.00 in net income (profit) each year or $1.22 on an earnings per share basis. Arconic employs 41,500 workers across the globe.
How can I contact Arconic?
Arconic's mailing address is 390 PARK AVENUE, NEW YORK NY, 10022. The basic materials company can be reached via phone at 212-836-2732 or via email at [email protected]
MarketBeat Community Rating for Arconic (ARNC)
MarketBeat's community ratings are surveys of what our community members think about Arconic and other stocks. Vote "Outperform" if you believe ARNC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe ARNC will underperform the S&P 500 over the long term. You may vote once every thirty days.
Arconic (NYSE:ARNC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Arconic in the last 12 months. Their average twelve-month price target is $29.3333, suggesting that the stock has a possible upside of 26.11%. The high price target for ARNC is $35.00 and the low price target for ARNC is $25.00. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Hold |
| Consensus Rating Score: | 2.56 | 2.63 | 2.71 | 2.44 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
2 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
3 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $29.3333 | $30.25 | $30.5714 | $27.1111 |
| Price Target Upside: | 26.11% upside | 25.88% upside | 1.16% upside | 11.43% upside |
Arconic (NYSE:ARNC) Consensus Price Target History
Arconic (NYSE:ARNC) Analyst Ratings History
Show:
(Data available from 4/22/2016 forward)
Arconic (NYSE:ARNC) Dividend Information
Arconic pays an annual dividend of $0.24 per share, with a dividend yield of 1.03%. ARNC's next quarterly dividend payment will be made on Friday, May 25. Arconic pays out 19.67% of its earnings out as a dividend.
| Next Dividend: | 5/25/2018 |
| Annual Dividend: | $0.24 |
| Dividend Yield: | 1.03% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 19.67% (Trailing 12 Months of Earnings)
16.11% (Based on This Year's Estimates)
13.19% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Arconic (NYSE:ARNC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/16/2018 | quarterly | $0.06 | 0.95% | 5/3/2018 | 5/4/2018 | 5/25/2018 |
| 1/22/2018 | quarterly | $0.06 | 0.79% | 2/1/2018 | 2/2/2018 | 2/25/2018 |
| 9/20/2017 | quarterly | $0.06 | 0.92% | 11/2/2017 | 11/3/2017 | 11/25/2017 |
| 7/25/2017 | quarterly | $0.06 | 0.93% | 8/2/2017 | 8/4/2017 | 8/25/2017 |
| 2/24/2017 | quarterly | $0.06 | 0.82% | 5/3/2017 | 5/5/2017 | 5/25/2017 |
| 1/17/2017 | quarterly | $0.06 | 1.16% | 2/1/2017 | 2/3/2017 | 2/25/2017 |
| 11/2/2016 | special | $0.09 | | 11/8/2016 | 11/11/2016 | 11/25/2016 |
(Data available from 1/1/2013 forward)
Arconic (NYSE ARNC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.17%
Institutional Ownership Percentage: 80.44%
Arconic (NYSE ARNC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/8/2018 | David P Hess | Director | Buy | 40,300 | $24.80 | $999,440.00 | 127,870 |  |
| 8/15/2017 | Patricia F Russo | Director | Buy | 15,000 | $24.57 | $368,550.00 | 7,928 | |
| 8/10/2017 | Elmer L Doty | Director | Buy | 6,000 | $24.51 | $147,060.00 | 4,409 | |
| 8/9/2017 | James F Albaugh | Director | Buy | 5,000 | $24.94 | $124,700.00 | 9,409 | |
| 5/30/2017 | Patrice E Merrin | Director | Buy | 10,000 | $27.17 | $271,700.00 | 5,000 | |
| 5/26/2017 | Christopher L Ayers | Director | Buy | 7,325 | $27.31 | $200,045.75 | 7,425 | |
| 2/24/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 224,001 | $29.29 | $6,560,989.29 | | |
| 2/23/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 192,000 | $30.01 | $5,761,920.00 | | |
| 2/22/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 240,000 | $30.46 | $7,310,400.00 | 15,936,682 | |
| 2/21/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 128,000 | $30.12 | $3,855,360.00 | 15,696,682 | |
| 2/17/2017 | International L.P. Elliott | Major Shareholder | Buy | 272,000 | $29.78 | $8,100,160.00 | | |
| 2/16/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 128,000 | $29.20 | $3,737,600.00 | 15,440,682 | |
| 2/15/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 136,000 | $29.27 | $3,980,720.00 | 15,312,682 | |
| 2/14/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 72,000 | $29.86 | $2,149,920.00 | 15,176,682 | |
| 2/13/2017 | International L.P. Elliott | Major Shareholder | Buy | 136,000 | $29.52 | $4,014,720.00 | | |
| 2/10/2017 | International L.P. Elliott | Major Shareholder | Buy | 85,000 | $29.18 | $2,480,300.00 | | |
| 2/9/2017 | International L.P. Elliott | Major Shareholder | Buy | 68,000 | $27.91 | $1,897,880.00 | | |
| 2/8/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 24,000 | $26.86 | $644,640.00 | | |
| 2/7/2017 | International L.P. Elliott | Major Shareholder | Buy | 34,000 | $26.36 | $896,240.00 | | |
| 2/6/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 24,000 | $25.88 | $621,120.00 | 14,928,682 | |
| 2/3/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 72,000 | $25.57 | $1,841,040.00 | | |
| 2/2/2017 | International L.P. Elliott | Major Shareholder | Buy | 306,000 | $25.32 | $7,747,920.00 | | |
| 1/27/2017 | Associates L.P. Elliott | Major Shareholder | Buy | 256,000 | $22.63 | $5,793,280.00 | | |
| 1/24/2017 | International L.P. Elliott | Major Shareholder | Buy | 544,000 | $21.61 | $11,755,840.00 | | |
(Data available from 1/1/2013 forward)
Arconic (NYSE ARNC) News Headlines
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Arconic (NYSE:ARNC) SEC Filings
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Arconic (NYSE:ARNC) Income Statement, Balance Sheet and Cash Flow Statement
Arconic (NYSE ARNC) Stock Chart for Sunday, April, 22, 2018
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