Arconic Inc (NYSE:ARNC) – Research analysts at Jefferies Financial Group issued their Q1 2019 earnings per share (EPS) estimates for Arconic in a note issued to investors on Wednesday, February 13th. Jefferies Financial Group analyst M. Englert expects that the basic materials company will earn $0.40 per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $25.00 price target on the stock. Jefferies Financial Group also issued estimates for Arconic’s Q2 2019 earnings at $0.47 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.42 EPS and FY2019 earnings at $1.75 EPS.
Several other brokerages also recently weighed in on ARNC. Longbow Research upgraded shares of Arconic from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $23.25 to $18.26 in a research report on Thursday, December 20th. Zacks Investment Research raised shares of Arconic from a “sell” rating to a “hold” rating in a research report on Monday. Cowen restated a “hold” rating and set a $20.00 price objective on shares of Arconic in a research note on Friday, February 8th. JPMorgan Chase & Co. lowered Arconic from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $24.00 to $22.00 in a research report on Monday, January 14th. Finally, ValuEngine downgraded Arconic from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. Arconic presently has an average rating of “Hold” and an average target price of $23.48.
Arconic (NYSE:ARNC) last issued its quarterly earnings results on Friday, February 8th. The basic materials company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.30 by $0.03. Arconic had a net margin of 4.58% and a return on equity of 12.91%. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.47 billion. During the same period in the prior year, the firm posted $0.31 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, February 25th. Investors of record on Friday, February 8th will be given a $0.06 dividend. The ex-dividend date is Thursday, February 7th. This represents a $0.24 annualized dividend and a yield of 1.34%. Arconic’s dividend payout ratio (DPR) is 17.65%.
Several large investors have recently bought and sold shares of the company. Enlightenment Research LLC acquired a new position in shares of Arconic during the fourth quarter valued at $67,000. We Are One Seven LLC acquired a new stake in Arconic in the 4th quarter valued at $109,000. Cerebellum GP LLC acquired a new position in shares of Arconic during the fourth quarter valued at $135,000. UMB Bank N A MO bought a new stake in Arconic in the third quarter valued at about $208,000. Finally, Prescott Group Capital Management L.L.C. bought a new position in shares of Arconic during the third quarter worth about $220,000. 83.82% of the stock is currently owned by institutional investors and hedge funds.
Arconic Company Profile
Arconic Inc engineers, manufactures, and sells lightweight metals worldwide. The company operate in three segments: Engineered Products and Solutions, Global Rolled Products, and Transportation and Construction Solutions. The Engineered Products and Solutions produces and sells fastening systems and seamless rolled rings; investment castings, including airfoils and forged jet engine components; and extruded, machined, and formed aircraft parts for aerospace (commercial and defense), industrial, commercial transportation, and power generation end markets.
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