|Bid||21.53 x 1000|
|Ask||21.57 x 900|
|Day's Range||21.14 - 22.52|
|52 Week Range||5.80 - 24.72|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||16.13|
|Earnings Date||Nov 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||31.00|
Arconic Corp. (NYSE: ARNC) ("Arconic" or "the Company") will hold a webcast and teleconference to discuss third quarter 2020 financial results on Thursday, November 5, 2020 at 10 a.m. Eastern Time. The Company will issue its press release announcing financial results for the third quarter ended September 30, 2020, prior to the opening of the market on November 5, 2020.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Arconic Corporation and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.
Arconic Corp. said Thursday it restored the salaries and 401K match for all of its U.S. salaried employees, including executives on Sept. 1, after cutting them earlier this year to counter the impact of the coronavirus pandemic. The maker of aluminum parts for aeroplanes and cars said the move will not affect its plan to cut costs by $100 million and cut capex by $50 million. "These salary and benefit reductions represented approximately one third of the Company's temporary cash savings on an annualized run rate," the company said in a regulatory filing. Shares were up 0.8% premarket.