Howmet Aerospace (HWM) to Release Earnings on Thursday

Howmet Aerospace (NYSE:HWM) will be releasing its earnings data before the market opens on Thursday, May 2nd. Analysts expect Howmet Aerospace to post earnings of $0.52 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Howmet Aerospace (NYSE:HWM) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06. Howmet Aerospace had a return on equity of 20.12% and a net margin of 11.52%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.65 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, analysts expect Howmet Aerospace to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Howmet Aerospace Stock Down 0.1 %

Shares of NYSE HWM opened at $64.70 on Thursday. Howmet Aerospace has a one year low of $42.17 and a one year high of $69.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.86 and a quick ratio of 0.87. The business’s fifty day moving average price is $65.87 and its 200-day moving average price is $56.88. The stock has a market capitalization of $26.42 billion, a PE ratio of 35.36, a P/E/G ratio of 1.64 and a beta of 1.43.

Analyst Ratings Changes

HWM has been the topic of a number of recent research reports. Benchmark reaffirmed a “buy” rating and set a $53.00 price target on shares of Howmet Aerospace in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price objective on Howmet Aerospace from $55.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, February 14th. Robert W. Baird boosted their price objective on Howmet Aerospace from $65.00 to $74.00 and gave the company an “outperform” rating in a research note on Monday, April 8th. UBS Group boosted their price objective on Howmet Aerospace from $57.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Finally, Barclays boosted their price objective on Howmet Aerospace from $60.00 to $65.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.00.

Insider Transactions at Howmet Aerospace

In other news, EVP Neil Edward Marchuk sold 45,000 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total value of $3,034,800.00. Following the completion of the transaction, the executive vice president now owns 229,568 shares of the company’s stock, valued at approximately $15,482,065.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.12% of the company’s stock.

Howmet Aerospace Company Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.