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.
View ARNC analyst ratings or view top-rated stocks.

Arconic Co. (NYSE:ARNC) released its quarterly earnings results on Monday, July, 31st. The basic materials company reported $0.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.08. The basic materials company earned $1.99 billion during the quarter, compared to analyst estimates of $2.05 billion. Arconic had a positive trailing twelve-month return on equity of 8.18% and a negative net margin of 3.12%. Arconic's revenue was down 21.9% compared to the same quarter last year. During the same period in the prior year, the business 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) 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 plan on Wednesday, November 16th 2022, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 9.9% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is 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).