|Bid||21.51 x 800|
|Ask||22.80 x 3200|
|Day's Range||21.16 - 21.68|
|52 Week Range||16.47 - 31.17|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 30, 2018|
|Forward Dividend & Yield||0.24 (1.10%)|
|1y Target Est||23.78|
Arconic (ARNC) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
The size of Arconic Inc (NYSE:ARNC), a US$11.0b large-cap, often attracts investors seeking a reliable investment in the stock market. Market participants who are conscious of risk tend to search Read More...
Stocks that moved substantially or traded heavily Monday: Eni SpA, down 96 cents to $36.61 Italian stocks sank after the country's new government said it would move forward with plans to increase spending ...
The Pittsburgh, Penn.-based industrial company may be the next big company of its kind to be acquired as a consortium that includes Blackstone, Carlyle Group, Onex Corp. and Canada Pension Plan Investment Board have pooled their resources with the goal of acquiring the aluminum products maker, according to multiple sources close to the matter who chose to remain anonymous for now. Arconic stock is moving upwards over the potential of this private-equity alliance, or “club deal,” joining forces in order to reduce the risk associated with one buyout firm taking all the risk that such an acquisition by itself would bring with it.
Such alliances, referred to as "club deals" in the private equity industry, lost much of their allure following the 2008 financial crisis, as some high-profile leveraged buyouts either ended up in bankruptcy or underperformed financially. Some of them even had to fork out hundreds of millions of dollars to settle lawsuits accusing them of conspiring to drive down acquisition prices during the leveraged buyout boom leading up to the crisis.
Moody's Investors Service, ("Moody's") today downgraded the Corporate Family Rating (CFR) of Doncasters Group Ltd (Doncasters) to Caa1 from B3 and the Probability of Default Rating (PDR) to Caa1-PD from B3-PD. Further Moody's is expecting that the majority of proceeds from planned divestiture will now be received during 2019 such that Moody's no longer expects Doncasters to manage its leverage below 8.0x debt / EBITDA by December 2018, the threshold set for maintaining the rating at B3.
Arconic (ARNC) announced today that it has reached an agreement to sell its Texarkana, Texas rolling mill to Ta Chen International, Inc., a U.S. subsidiary of aluminum and stainless steel distributor Ta Chen Stainless Pipe Co., Ltd. Under the terms of the transaction, Arconic will sell Texarkana for approximately $300 million in cash, plus additional contingent consideration of up to $50 million. The transaction is expected to close in the fourth quarter of 2018, subject to receipt of certain regulatory approvals and other customary closing conditions.
The Board of Directors of Arconic today declared a dividend of 6 cents per share on the outstanding Common Stock of the Company, payable on November 25, 2018, to the holders of record of the Common Stock at the close of business on November 2, 2018.
WASHINGTON (AP) — The path to peace in a trade war between the United States and China is getting harder to find as the world's two biggest economies pile ever more taxes on each other's products.
In this article I am going to calculate the intrinsic value of Arconic Inc (NYSE:ARNC) by taking the expected future cash flows and discounting them to their present value. IRead More...
Arconic (ARNC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Tesla, Netflix and Arconic are among the companies with shares expected to trade actively in Monday’s session.
NEW YORK, Aug. 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Ball ...
Aluminum products maker Arconic Inc is discussing acquisition offers for the entire company, even though it announced a sale process last month only for its building and construction systems unit, people familiar with the matter said. The move comes after Arconic, which was spun out of Alcoa Corp in 2016, said in February it would carry out a "strategy and portfolio review," to be completed by the end of 2018, but has provided little detail about what this entails. Arconic is speaking with private equity firms that have shown interest in acquiring the company, including a consortium of Blackstone Group LP and Carlyle Group LP, another consortium of KKR & Co and Onex Corp, as well as Apollo Global Management LLC, the sources said on Friday.
Arconic has been discussing the sale of the company with a consortium consisting of Blackstone Group LP and Carlyle Group LP, another consortium of KKR & Co and Onex Corp, as well as Apollo Global Management LLC, according to Reuters. Activist hedge fund Elliott Management, which won board representation at the company last year, has been pushing for a sale, but there are concerns among private equity firms that the company's asking price is to high, Reuters reported.
Shares of Arconic Inc. (arnc) rose more than 4% with minutes to go before the end of the trading session after a Reuters report said the aluminum maker was putting itself on the auction block. Arconic, which was spun out of Alcoa Corp. (aa) in 2016, had announced it was selling its building and construction unit last month, and earlier this year announced a "strategy and portfolio review." Arconic is in talks with private-equity firms including Blackstone LP and Carlyle Group LP, according to the report, which cited people familiar with the matter. The Wall Street Journal reported in July also citing anonymous sources that Arconic was weighing takeover approaches from private-equity groups.