Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Arconic (ARNC) Stock Price

Media headlines about Arconic (NYSE:ARNC) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Arconic earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave media stories about the basic materials company an impact score of 44.7261373886766 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:

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Shares of ARNC traded down $0.15 during trading hours on Thursday, hitting $23.53. 3,577,538 shares of the company were exchanged, compared to its average volume of 3,765,434. The firm has a market cap of $11,465.84, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 0.80 and a beta of 1.13. Arconic has a fifty-two week low of $21.75 and a fifty-two week high of $31.17. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.38 and a current ratio of 2.26.

Arconic (NYSE:ARNC) last released its earnings results on Monday, February 5th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.07. The company had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.08 billion. Arconic had a positive return on equity of 11.29% and a negative net margin of 0.57%. Arconic’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 EPS. research analysts predict that Arconic will post 1.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Stockholders of record on Friday, May 4th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, May 3rd. Arconic’s dividend payout ratio (DPR) is currently 19.67%.

Several research firms have weighed in on ARNC. Seaport Global Securities reiterated a “buy” rating and set a $29.00 price objective on shares of Arconic in a research report on Thursday. Morgan Stanley lowered their price objective on Arconic from $28.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, April 12th. Zacks Investment Research cut Arconic from a “hold” rating to a “strong sell” rating in a research report on Monday, April 9th. ValuEngine cut Arconic from a “hold” rating to a “sell” rating in a research report on Monday, April 2nd. Finally, Barclays began coverage on Arconic in a research report on Thursday, March 29th. They set an “equal weight” rating and a $26.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.00.

In related news, Director David P. Hess bought 40,300 shares of Arconic stock in a transaction dated Thursday, February 8th. The shares were bought at an average cost of $24.80 per share, with a total value of $999,440.00. Following the acquisition, the director now owns 127,870 shares in the company, valued at approximately $3,171,176. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.17% of the company’s stock.

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Arconic Company Profile

Arconic Inc engineers, manufactures, and sells lightweight metals of aluminum, titanium, and nickel worldwide. It operates through 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, as well as various forged, extruded, and machined metal products.

Insider Buying and Selling by Quarter for Arconic (NYSE:ARNC)

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