Economy

$0.28 EPS Expected for Arconic Inc (ARNC)

The number of shares now owned by investors are 142.26 mln. Harris Associates L P lifted its stake in shares of Arconic by 151.0% in the 2nd quarter. It has been assigned a low target price of $46.5 and a high target price of $55. State of Tennessee Treasury Department boosted its position in Arconic by 11.7% in the first quarter. Following the purchase, the director now owns 7,928 shares in the company, valued at $194,790.96.

Looking further out, over the past twelve months, Arconic Inc.'s stock was 15.95% and 13.23% over the last quarter and 3.01% for the past six months. Arconic Inc. (ARNC) now has 441030 shares outstanding, which means that its market capitalization is $12.04B. SG Americas Securities LLC's holdings in Arconic were worth $3,511,000 at the end of the most recent quarter.

Publicly-traded company Arconic Inc. About 2.55M shares traded. The stock's market capitalization is $12.18 billion. The firm's 50 day moving average price is $25.63 and its 200-day moving average price is $25.84. In the past 52 weeks the company's stock price has moved within the range of $16.75 to $30.69.

Taking a look at a public company's Earnings per Share (EPS) is a good way of evaluating its profitability. (ARNC) - averaging the work of different analysts - reveals a mean PT of $24.14/share.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.28, compared to 0.32 reported in the same quarter previous year. Arconic now has a consensus rating of Hold and an average price target of $27.36.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 25th. Investors of record on Friday, November 3rd will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.88%.

Other equities analysts have also recently issued reports about the stock.

Arconic Inc. (NYSE:ARNC) closed up +0.29 points or 1.07% at $27.39 with 3.75 mln shares exchanging hands. Cowen and Company restated a "hold" rating and set a $25.00 target price on shares of Arconic in a research report on Monday, June 26th. The rating was upgraded by Argus Research to "Buy" on Thursday, December 8. The company was initiated on Friday, March 31 by Longbow. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Finally, JPMorgan Chase & Co. assumed coverage on Arconic in a report on Tuesday, April 18th. And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $28. A 6 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of ARNC or, if they already own its stock, sell it.

Among 13 analysts covering Tetra Technologies (NYSE:TTI), 10 have Buy rating, 0 Sell and 3 Hold.

In other Arconic news, major shareholder Associates L.P. Elliott acquired 128,000 shares of the company's stock in a transaction on Tuesday, February 21st. The stock was acquired at an average price of $24.57 per share, with a total value of $368,550.00. Following the purchase, the director now owns 4,409 shares in the company, valued at approximately $108,064.59. At the moment, Arconic Inc. The Company operates through three segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company's multi-material products, which include aluminum, titanium and nickel, are used around the world in markets, such as aerospace, automotive, commercial transportation and packaging.



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