Arconic (ARNC) Stock Price, News & Analysis

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Arconic in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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.
View ARNC analyst ratings or view top-rated stocks.

Arconic Co. (NYSE:ARNC) posted its earnings results on Monday, July, 31st. The basic materials company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.08. The basic materials company had revenue of $1.99 billion for the quarter, compared to analysts' expectations 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 firm's revenue for the quarter was down 21.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.05 EPS.

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

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