Arconic Co. (NYSE:ARNC) Expected to Announce Earnings of $0.43 Per Share

Brokerages expect Arconic Co. (NYSE:ARNCGet Rating) to announce $0.43 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Arconic’s earnings, with estimates ranging from $0.41 to $0.45. Arconic reported earnings of $0.46 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 6.5%. The business is expected to report its next earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Arconic will report full-year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.48 to $2.53. For the next fiscal year, analysts forecast that the firm will post earnings of $3.68 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Arconic.

Arconic (NYSE:ARNCGet Rating) last announced its earnings results on Friday, February 18th. The basic materials company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.20). The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Arconic had a negative net margin of 5.29% and a positive return on equity of 5.82%. The company’s revenue for the quarter was up 46.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share.

Several research firms recently weighed in on ARNC. Deutsche Bank Aktiengesellschaft cut their price target on shares of Arconic from $42.00 to $40.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Zacks Investment Research downgraded shares of Arconic from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 26th. Finally, started coverage on shares of Arconic in a research note on Thursday, March 31st. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to, the stock presently has an average rating of “Hold” and an average price target of $38.00.

Shares of NYSE ARNC opened at $25.16 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.54 and a debt-to-equity ratio of 1.02. Arconic has a 52 week low of $22.45 and a 52 week high of $38.49. The firm’s fifty day moving average is $26.15 and its 200 day moving average is $29.65.

In other Arconic news, EVP Melissa M. Miller purchased 3,800 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were acquired at an average price of $26.00 per share, for a total transaction of $98,800.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. National Bank of Canada FI purchased a new stake in Arconic in the fourth quarter valued at approximately $26,000. Quent Capital LLC purchased a new stake in Arconic in the fourth quarter valued at approximately $41,000. EverSource Wealth Advisors LLC purchased a new stake in Arconic in the fourth quarter valued at approximately $41,000. Allegheny Financial Group LTD purchased a new stake in Arconic in the fourth quarter valued at approximately $63,000. Finally, Edmond DE Rothschild Holding S.A. purchased a new stake in Arconic in the fourth quarter valued at approximately $121,000. Institutional investors and hedge funds own 90.38% of the company’s stock.

Arconic Company Profile (Get Rating)

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.

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