|Bid||30.68 x 1400|
|Ask||30.69 x 1100|
|Day's Range||30.66 - 31.10|
|52 Week Range||15.63 - 31.23|
|Beta (3Y Monthly)||2.03|
|PE Ratio (TTM)||37.78|
|Earnings Date||Nov 5, 2019|
|Forward Dividend & Yield||0.08 (0.26%)|
|1y Target Est||31.90|
Zacks.com featured highlights include: Medtronic Public, Arconic, Nasdaq, Hewlett Packard and Target
The US metals group Arconic is declining to release documents about flammable cladding used on the Grenfell tower to a US court hearing a lawsuit from survivors and victims’ families, citing a French law limiting disclosure in foreign courts, which it has also invoked in the UK public inquiry. Arconic, a $13bn US company formerly known as Alcoa, has invoked a 1968 law passed in response to US antitrust investigations into shipping groups, known as the French blocking statute. The US company argued in a Pennsylvania court this month that its subsidiary in France, where the cladding panels were made and sold, fell under the statute and so documents from there could not be produced to that US court — a claim contested by plaintiffs in the lawsuit.
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In the recent series of record highs, the S&P 500 crossed the 3,100 level for the first time ever. We have highlighted 10 best performing stocks in ETF that tracks this index.
Arconic (ARNC) has been upgraded to a Zacks Rank 2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Arconic (NYSE: ARNC ) reported third-quarter earnings of 58 cents per share on Tuesday, which beat the analyst consensus estimate of 52 cents by 11.54%. This is an 81.25% increase over earnings of 32 cents ...
Arconic (ARNC) delivered earnings and revenue surprises of 9.43% and -1.20%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Arconic Inc. were indicated down about 5% in premarket trading Tuesday, after the metals manufacturing and engineering company reported a third-quarter profit that topped expectations but revenue that came up short and cut its full-year sales outlook. Net income fell to $95 million, or 21 cents a share, from $161 million, or 32 cents a share, in the year-ago period. Excluding non-recurring items, such as a $108 million asset impairment charge, adjusted EPS rose to 58 cents from 32 cents, above the FactSet consensus of 52 cents. Revenue rose 1% to $3.56 billion, but was below the FactSet consensus of $3.59 billion, as engineered products and forgings sales grew 7% to $1.8 billion and global rolled products revenue fell declined 4% to $1.8 billion. The company cut its 2019 revenue guidance range to $14.15 billion to $14.35 billion from $14.3 billion to $14.6 billion, citing lower aluminum prices and divestitures, but raised its adjusted EPS outlook to $2.07 to $2.11 from $1.95 to $2.05. Arconic increased its target for annualized cost-cut savings to $280 million from $260 million. The stock has rallied 22.2% over the past three months through Monday, while the Dow Jones Industrial Average has gained 6.8%.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. In the Mexican city of Uruapan, an avocado producer was recently shot to death in his car as he drove home.
Royal Gold's (RGLD) Q1 results likely to reflect benefits from investment in properties, higher average gold and silver prices, and positive results from Mount Milligan.