Howmet Aerospace (HWM) to Release Quarterly Earnings on Thursday

Howmet Aerospace (NYSE:HWM) will be issuing its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.52 per share for the quarter. Parties that wish to listen to 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 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $1.65 billion. During the same period last year, the company earned $0.38 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. 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 0.5 %

Shares of NYSE:HWM opened at $66.75 on Wednesday. The stock’s 50-day moving average price is $66.13 and its two-hundred day moving average price is $57.53. The company has a current ratio of 1.86, a quick ratio of 0.87 and a debt-to-equity ratio of 0.88. Howmet Aerospace has a 12-month low of $42.17 and a 12-month high of $69.55. The firm has a market cap of $27.26 billion, a price-to-earnings ratio of 36.48, a PEG ratio of 1.73 and a beta of 1.43.

Howmet Aerospace Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, May 10th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Thursday, May 9th. Howmet Aerospace’s payout ratio is 10.93%.

Insiders Place Their Bets

In other Howmet Aerospace news, EVP Neil Edward Marchuk sold 45,000 shares of Howmet Aerospace stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $67.44, for a total transaction of $3,034,800.00. Following the sale, the executive vice president now directly owns 229,568 shares in the company, valued at approximately $15,482,065.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.12% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

HWM has been the topic of several research analyst reports. Barclays lifted 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. The Goldman Sachs Group lifted their price objective on Howmet Aerospace from $65.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. KeyCorp lifted their price objective on Howmet Aerospace from $60.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, February 21st. Sanford C. Bernstein initiated coverage on Howmet Aerospace in a research note on Friday, January 5th. They issued an “outperform” rating and a $67.00 price objective on the stock. Finally, Benchmark reissued a “buy” rating and set a $53.00 price target on shares of Howmet Aerospace in a research report on Friday, April 19th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.00.

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.