IT&Software

EPS for Arconic Inc (ARNC) Expected At $0.28

EPS for Arconic Inc (ARNC) Expected At $0.28

5,407,644 shares of the company were exchanged. Vanguard Group Inc. increased its position in Arconic by 3.9% in the first quarter. Nevertheless, it is a common misunderstanding that a greater share price directs towards a larger company where stock price might also twist the definite worth of the organization. TIAA CREF Investment Management LLC now owns 1,411,796 shares of the basic materials company's stock valued at $37,187,000 after buying an additional 48,426 shares during the period. Pacer Advisors Inc. now owns 8,956 shares of the basic materials company's stock valued at $236,000 after buying an additional 286 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in Arconic by 10.5% in the first quarter. Vanguard Group Inc. now owns 41,877,016 shares of the basic materials company's stock valued at $1,103,040,000 after buying an additional 1,559,763 shares during the period. Arizona State Retirement System now owns 109,070 shares of the basic materials company's stock valued at $2,873,000 after buying an additional 700 shares during the period.

Shares of Arconic Inc (NASDAQ ARNC) traded up 3.03% during trading on Monday, reaching $23.83. The company has its outstanding shares of 274.23 million. The stock's 50-day moving average is $26.65 and its 200-day moving average is $25.51. Arconic has $25 highest and $25 lowest target.

Arconic (NASDAQ:ARNC) last announced its earnings results on Tuesday, April 25th. The basic materials company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.08. Three analysts have made estimates for Arconic's earnings, with estimates ranging from $3.07 billion to $3.49 billion. At present, the Gross Margin for Arconic Inc. The firm's revenue for the quarter was down 4.3% on a year-over-year basis. After $0.33 actual earnings per share reported by Arconic Inc for the previous quarter, Wall Street now forecasts -15.15 % negative EPS growth. (NYSE:ARNC) Aluminum is valued at 10.62 B. The dominant statistics will authorize the investment community to govern the size of Arconic Inc. compared to the sales or total assets figures. If you are reading this article on another website, it was illegally stolen and reposted in violation of United States & global copyright & trademark law. The original version of this news story can be read at https://baseballnewssource.com/markets/arconic-inc-nasdaqarnc-stake-boosted-by-private-capital-advisors-inc/1182527.html.

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ARNC has been the subject of several research analyst reports. Cowen & Co maintained Arconic Inc (NYSE:ARNC) rating on Thursday, March 30. The firm has "Buy" rating given on Thursday, December 8 by Argus Research. Longbow Research started coverage on shares of Arconic in a research note on Friday, March 31st. The stock has an average rating of "Hold" and a consensus price target of $26.70. J P Morgan Chase & Co initiated coverage on shares of Arconic in a research note on Tuesday, April 18th. 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 company's stock. They issued a "neutral" rating on the stock. Also, Director Christopher L. Ayers purchased 7,325 shares of Arconic stock in a transaction dated Friday, May 26th.

In the transaction dated February 24, 2017, the great number of shares acquired came courtesy the 10% Owner; ELLIOTT ASSOCIATES, L.P. added a total of 224,001 shares at an average price of $29.29, amounting to approximately $6,560,989. Following the completion of the transaction, the director now owns 7,425 shares of the company's stock, valued at $202,776.75. Arconic Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Merrin Patrice E has acquired 10,000 shares of Arconic Inc. The stock grabbed 92 new institutional investments totaling 38,521,340 shares while 79 institutional investors sold out their entire positions totaling 10,744,056 shares. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $135,850. The disclosure for this purchase can be found here.


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