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Arconic Corporation ARNC

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Price alert · ARNC

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29.99 0.00 0.00%

At close · Aug 17

29.98 Day range 30.02

52-week range unavailable

Open
29.99
Prev close
29.99
Mkt cap
2.97B
Vol
4.36M
Avg vol
0
EPS
0.00
P/E
0.00
Div yield
0.00%
More statistics
Low
29.98
High
30.02
Forward P/E
11.26
Beta
1.82
Short ratio
4.98
Inst. own
94.51%
Dividend
0.00
Ex-div date
Earnings
Jul 31, 2023
50-d avg
28.81
200-d avg
24.32
1y target
23.50

2Y chart

Chart tools
Interval

Events in this range
  • May 3, 2022Earnings: —; estimate 0.43; surprise —%
  • Aug 2, 2022Earnings: —; estimate 0.72; surprise —%
  • Oct 13, 2022Rating: Goldman Sachs · — → Neutral
  • Nov 1, 2022Earnings: —; estimate 0.19; surprise —%
  • Nov 4, 2022Downgrade: Deutsche Bank · Buy → Hold
  • Jan 24, 2023Rating: Deutsche Bank · — → Hold
  • Feb 21, 2023Earnings: —; estimate 0.25; surprise —%
  • Feb 28, 2023Downgrade: Goldman Sachs · Neutral → Sell
  • Apr 12, 2023Downgrade: Wolfe Research · Outperform → Peer Perform
  • May 4, 2023Earnings: —; estimate 0.21; surprise —%
  • May 5, 2023Downgrade: Benchmark · Buy → Hold
  • Jul 31, 2023Earnings: —; estimate 0.38; surprise —%
Signals (83)
NameDateAgo
RSI: OverboughtAug 16, 20233 years ago
RSI: OverboughtAug 14, 20233 years ago
RSI: OverboughtJul 17, 20233 years ago
RSI: OverboughtJun 26, 20233 years ago
MACD: Sell SignalMay 25, 20233 years ago
SMA: BullishMay 4, 20233 years ago
SMA: BullishMay 4, 20233 years ago
MACD: Buy SignalMay 4, 20233 years ago
SMA: BearishMay 3, 20233 years ago
SMA: BullishApr 27, 20233 years ago
RSI: OversoldApr 25, 20233 years ago
SMA: BearishApr 24, 20233 years ago
SMA: BearishApr 20, 20233 years ago
MACD: Sell SignalMar 15, 20233 years ago
SMA: BullishFeb 28, 20233 years ago
SMA: BullishFeb 28, 20233 years ago
MACD: Buy SignalFeb 28, 20233 years ago
SMA: BearishFeb 24, 20233 years ago
SMA: BullishFeb 22, 20233 years ago
SMA: BearishFeb 21, 20233 years ago
SMA: BullishFeb 13, 20233 years ago
SMA: BearishFeb 10, 20233 years ago
MACD: Sell SignalFeb 8, 20233 years ago
SMA: BearishFeb 6, 20233 years ago
SMA: BullishFeb 1, 20233 years ago
MACD: Buy SignalFeb 1, 20233 years ago
MACD: Sell SignalJan 30, 20233 years ago
MACD: Buy SignalJan 6, 20233 years ago
SMA: BullishJan 4, 20233 years ago
SMA: BearishDec 30, 20223 years ago
SMA: BullishDec 29, 20223 years ago
SMA: BearishDec 28, 20223 years ago
SMA: BullishDec 21, 20223 years ago
SMA: BearishDec 20, 20223 years ago
MACD: Sell SignalDec 9, 20223 years ago
SMA: BullishNov 18, 20223 years ago
SMA: BearishNov 14, 20223 years ago
SMA: BullishNov 11, 20223 years ago
MACD: Buy SignalNov 10, 20223 years ago
MACD: Sell SignalNov 3, 20223 years ago
MACD: Buy SignalOct 4, 20224 years ago
RSI: OversoldSep 20, 20224 years ago
MACD: Sell SignalSep 15, 20224 years ago
RSI: OversoldSep 15, 20224 years ago
MACD: Buy SignalSep 9, 20224 years ago
SMA: BearishAug 19, 20224 years ago
SMA: BullishAug 18, 20224 years ago
SMA: BearishAug 16, 20224 years ago
SMA: BullishAug 15, 20224 years ago
SMA: BearishAug 8, 20224 years ago
SMA: BullishAug 5, 20224 years ago
SMA: BearishAug 4, 20224 years ago
MACD: Sell SignalAug 4, 20224 years ago
SMA: BullishAug 3, 20224 years ago
SMA: BearishAug 2, 20224 years ago
SMA: BullishJul 12, 20224 years ago
MACD: Buy SignalJul 12, 20224 years ago
SMA: BearishJul 11, 20224 years ago
MACD: Sell SignalJul 11, 20224 years ago
MACD: Buy SignalJun 29, 20224 years ago
SMA: BullishJun 24, 20224 years ago
SMA: BearishJun 16, 20224 years ago
MACD: Sell SignalJun 14, 20224 years ago
SMA: BullishMay 6, 20224 years ago
SMA: BearishMay 5, 20224 years ago
SMA: BullishMay 3, 20224 years ago
MACD: Buy SignalMay 3, 20224 years ago
MACD: Sell SignalApr 26, 20224 years ago
SMA: BearishApr 21, 20224 years ago
SMA: BullishApr 20, 20224 years ago
MACD: Buy SignalMar 21, 20224 years ago
RSI: OversoldMar 11, 20224 years ago
RSI: OversoldMar 7, 20224 years ago
MACD: Sell SignalFeb 24, 20224 years ago
SMA: BearishFeb 18, 20224 years ago
SMA: BullishFeb 14, 20224 years ago
SMA: BearishFeb 11, 20224 years ago
SMA: BullishFeb 9, 20224 years ago
MACD: Buy SignalFeb 9, 20224 years ago
SMA: BearishJan 21, 20224 years ago
MACD: Sell SignalJan 18, 20224 years ago
MACD: Buy SignalJan 13, 20224 years ago
MACD: Sell SignalJan 12, 20224 years ago

Key statistics

Market cap
2.97B
Enterprise value
4.53B
Trailing P/E
0.00
Forward P/E
11.26
PEG ratio
1.16
Price / sales
0.34
Price / book
2.11
EPS (TTM)
-1.90
Beta
1.82
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
-2.29%
Revenue (TTM)
8.70B
Revenue growth
-12.00%
Free cash flow
158.38M
Total cash
197.00M
Total debt
1.77B
Return on equity
-13.39%
Shares outstanding
100.32M
Short % of float
8.92%
50-day average
28.81
200-day average
24.32

Analyst view

Consensus: hold

Hold
Price target (mean) 23.50 -21.6% downside
Target (low)
21.00
Target (mean)
23.50
Target (high)
26.00
Ratings (0m) 9 6 buy · 3 hold · 0 sell
  • Strong buy1
  • Buy5
  • Hold3
  • Sell0
  • Strong sell0

Next earnings

Jul 31, 2023

Expected Jul 31, 2023. Consensus EPS estimate 0.59.

Earnings history

Financials — quick view

All financials
ARNC Revenue — quarterly 1.99B
2019-Q3 20192019-Q4 20192020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 20222022-Q2 20222022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 2023
ARNC Net income — quarterly 59.00M
2019-Q3 20192019-Q4 20192020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 20222022-Q2 20222022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 2023
ARNC EPS — quarterly 0.59
2019-Q3 20192019-Q4 20192020-Q1 20202020-Q2 20202020-Q3 20202020-Q4 20202021-Q1 20212021-Q2 20212021-Q3 20212021-Q4 20212022-Q1 20222022-Q2 20222022-Q3 20222022-Q4 20222023-Q1 20232023-Q2 2023

Earnings

ARNC recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Jul 31, 2023Jun 1, 20230.38———
May 4, 2023Mar 1, 20230.21———
Feb 21, 2023Dec 1, 20220.25———
Nov 1, 2022Sep 1, 20220.19———
Aug 2, 2022Jun 1, 20220.72———
May 3, 2022Mar 1, 20220.43———

Upgrades / downgrades

ARNC analyst upgrades and downgrades
DateFirmActionFromTo
May 5, 2023BenchmarkdownBuyHold
Apr 12, 2023Wolfe ResearchdownOutperformPeer Perform
Feb 28, 2023Goldman SachsdownNeutralSell
Jan 24, 2023Deutsche Bankmain—Hold
Nov 4, 2022Deutsche BankdownBuyHold
Oct 13, 2022Goldman Sachsmain—Neutral

About Arconic Corporation

Arconic Corporation manufactures and sells fabricated aluminum sheets, plates, extrusions, and architectural products and systems in the United States and internationally. It operates through three segments: Rolled Products, Building and Construction Systems, and Extrusions. The Rolled Products segment provides a range of aluminum sheet and plate products for aerospace, ground transportation, packaging, building and construction, and industrial products; and roofing, architectural composite panels, ventilated facades and ceiling panels, spacers, culvert pipes, and gutters for building and construction markets. The Building and Construction Systems segment provides various products and building envelope solutions, such as entrances, curtain walls, windows, composite panels, and coil coated sheets for fabricators and glazing subcontractors under the Kawneer, Reynobond, and Reynolux brands. The Extrusions segment offers extruded products, such as automotive shapes, aerospace shapes, seamless tubes, hollows, mortar fins, and high strength rods and bars for ground transportation, aerospace, and industrial markets. The company offers its products directly to customers, as well as through distributors. The company was formerly known as Arconic Rolled Products Corporation and changed its name to Arconic Corporation in April 2020. Arconic Corporation was founded in 1888 and is headquartered in Pittsburgh, Pennsylvania.

Sector
Industrials
Industry
Metal Fabrication
Country
United States
Website
arconic.com

News

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Insider holders

ARNC insider holders
InsiderRelationLatest transactionDateShares held
AUSTEN WILLIAM FDirectorStock Award(Grant)May 21, 202358,331
AYERS CHRISTOPHER LDirectorStock Award(Grant)May 21, 202396,280
BILLSON MARGARET SDirectorStock Award(Grant)May 21, 202330,711
CROISETIERE JACQUES MDirectorStock Award(Grant)Jun 29, 202333,318
DOTY ELMER LDirectorStock Award(Grant)May 21, 202389,047
EICHER CAROL SDirectorStock Award(Grant)Jun 29, 202332,868

Institution ownership

ARNC institution ownership
Holder% heldSharesValueReported
Blackrock Inc.19.49%19,538,499578.53MMar 30, 2023
Vanguard Group, Inc. (The)11.83%11,855,193351.03MMar 30, 2023
FMR, LLC6.79%6,809,255201.62MMar 30, 2023
State Street Corporation5.45%5,466,032161.85MMar 30, 2023
Harris Associates L.P.4.46%4,468,759132.32MMar 30, 2023
Franklin Resources, Inc.4.32%4,327,931128.15MMar 30, 2023

Fund ownership

ARNC fund ownership
Holder% heldSharesValueReported
iShares Core S&P Smallcap ETF7.49%7,449,866220.59MFeb 27, 2023
Vanguard Total Stock Market Index Fund3.11%3,094,72391.63MDec 30, 2022
Fidelity Value Fund2.81%2,791,12482.65MFeb 27, 2023
Vanguard Small-Cap Index Fund2.63%2,614,51477.42MDec 30, 2022
iShares Russell 2000 ETF2.26%2,246,42266.52MFeb 27, 2023
SPDR (R) Ser Tr-SPDR (R) S&P (R) Metals & Mining ETF2.10%2,084,44861.72MFeb 27, 2023
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