Arconic (NYSE:ARNC) posted its earnings results on Tuesday. The basic materials company reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.02, MarketWatch Earnings reports. Arconic had a positive return on equity of 12.06% and a negative net margin of 2.55%. The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.48 billion. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue was up 8.9% on a year-over-year basis. Arconic updated its FY18 guidance to $1.28-1.34 EPS.
ARNC stock traded up $0.40 during midday trading on Tuesday, reaching $19.62. The company had a trading volume of 178,075 shares, compared to its average volume of 3,696,587. The company has a market cap of $9.58 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 0.77 and a beta of 1.31. Arconic has a 1-year low of $16.47 and a 1-year high of $31.17. The company has a quick ratio of 1.15, a current ratio of 2.04 and a debt-to-equity ratio of 1.22.
The business also recently declared a quarterly dividend, which will be paid on Sunday, November 25th. Investors of record on Friday, November 2nd will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, November 1st. Arconic’s dividend payout ratio (DPR) is presently 19.67%.
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.
See Also: Initial Public Offering (IPO)
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