Arconic (ARNC) Stock Price, News & Analysis

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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.
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Arconic Co. (NYSE:ARNC) announced its quarterly earnings results on Monday, July, 31st. The basic materials company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. The basic materials company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.05 billion. Arconic had a negative net margin of 3.12% and a positive trailing twelve-month return on equity of 8.18%. The business's quarterly revenue was down 21.9% compared to the same quarter last year. During the same period last year, the company posted $1.05 earnings per share.

ETFs with the largest weight of Arconic (NYSE:ARNC) stock in their portfolio include Direxion Daily Metals & Mining Bull 2X Shares (MNM).SPDR S&P 600 Small Cap ETF (SLY).

Arconic declared that its board has initiated a stock buyback program on Wednesday, November 16th 2022, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 9.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

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).