Arconic - ARNC Stock Forecast, Price & News

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Arconic stock.
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4 analysts have issued twelve-month price targets for Arconic's stock. Their ARNC stock forecasts range from $34.00 to $42.00. On average, they predict Arconic's stock price to reach $38.00 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
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Arconic's stock was trading at $33.01 at the beginning of the year. Since then, ARNC shares have decreased by 13.5% and is now trading at $28.54.
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Arconic saw a decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,110,000 shares, a decline 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 days-to-cover ratio is presently 3.2 days. Approximately 3.0% of the company's stock are sold short.
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Arconic is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Arconic Co. (NYSE:ARNC) posted its quarterly earnings results on Tuesday, August, 2nd. The basic materials company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.72 by $0.33. The basic materials company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.42 billion. Arconic had a net margin of 1.53% and a trailing twelve-month return on equity of 9.28%. The company's quarterly revenue was up 41.5% compared to the same quarter last year. During the same period last year, the business posted ($0.05) EPS.

Arconic updated its FY 2022 earnings guidance on Tuesday, August, 2nd. 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.

73 employees have rated Arconic CEO Mr. John C. Plant on Glassdoor.com. Mr. John C. Plant has an approval rating of 34% among Arconic'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 retail and institutional investors. Top institutional shareholders include Deroy & Devereaux Private Investment Counsel Inc. (0.69%), Loomis Sayles & Co. L P (0.50%), New York State Teachers Retirement System (0.13%), Wolverine Asset Management LLC (0.00%), ARK Investment Management LLC (0.11%) and Russell Investments Group Ltd. (0.10%). Company insiders that own Arconic stock include Diana Toman, E Stanley Oneal, Erick R Asmussen, Frederick A Henderson, International LP Elliott, James F Albaugh, John C Plant, Katherine H Ramundo, Mark J Vrablec, Mary Zik, Melissa M Miller, Timothy Donald Myers and W Paul Myron.
View institutional ownership trends for 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.
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One share of ARNC stock can currently be purchased for approximately $28.54.

Arconic (NYSE:ARNC) has a market capitalization of $2.93 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.

Arconic employs 13,900 workers across the globe.

Arconic's mailing address is 201 Isabella Street Suite 400, Pittsburgh PA, 15212. The official website for Arconic 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.