Media coverage about Arconic (NYSE:ARNC) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Arconic earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned headlines about the basic materials company an impact score of 45.5660017987278 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
- Arconic Inc. (ARNC) have in prospect to touch 25.90% EPS growth for next year – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Is The Stock More Volatile Than The Market? – Arconic Inc., (NYSE: ARNC) – Stock Watch (stocksnewstimes.com)
- Arconic Target of Unusually High Options Trading (ARNC) (americanbankingnews.com)
- Analysts Anticipate Arconic Inc (ARNC) to Post $0.35 Earnings Per Share (americanbankingnews.com)
- Wondrous Stocks: NF Energy Saving Corporation, (NASDAQ: NFEC), Arconic Inc., (NYSE: ARNC) – Global Export Lines (press release) (globalexportlines.com)
Several research firms have recently commented on ARNC. Cowen restated a “hold” rating and issued a $25.00 target price on shares of Arconic in a research note on Thursday, February 1st. Seaport Global Securities restated a “buy” rating and issued a $32.00 target price on shares of Arconic in a research note on Tuesday, February 6th. Morgan Stanley restated a “hold” rating and issued a $28.00 target price (down previously from $30.00) on shares of Arconic in a research note on Friday, February 23rd. Wells Fargo assumed coverage on shares of Arconic in a research note on Thursday, January 4th. They issued an “outperform” rating and a $35.00 target price for the company. Finally, Goldman Sachs assumed coverage on shares of Arconic in a research note on Tuesday. They issued a “neutral” rating and a $28.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.70.
Shares of Arconic stock traded down $1.48 during midday trading on Thursday, hitting $22.68. 4,580,191 shares of the company traded hands, compared to its average volume of 4,094,911. The company has a debt-to-equity ratio of 1.40, a current ratio of 2.26 and a quick ratio of 1.38. Arconic has a 12-month low of $21.75 and a 12-month high of $31.17. The firm has a market capitalization of $11,629.98, a PE ratio of -103.09, a price-to-earnings-growth ratio of 0.81 and a beta of 1.09.
Arconic (NYSE:ARNC) last announced its quarterly earnings data on Monday, February 5th. The basic materials company reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.07. Arconic had a negative net margin of 0.57% and a positive return on equity of 11.29%. The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same quarter last year, the business earned $0.12 earnings per share. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. research analysts forecast that Arconic will post 1.5 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 4th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, May 3rd. Arconic’s dividend payout ratio (DPR) is -109.09%.
In related news, Director David P. Hess acquired 40,300 shares of Arconic stock in a transaction that occurred on Thursday, February 8th. The stock was purchased at an average price of $24.80 per share, for a total transaction of $999,440.00. Following the completion of the purchase, the director now directly owns 127,870 shares of the company’s stock, valued at $3,171,176. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 0.12% of the stock is owned by company insiders.
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Arconic Inc, formerly Alcoa Inc, is engaged in lightweight metals engineering and manufacturing. The Company operates through three segments: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. Its 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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