The closing price of Howmet Aerospace Inc. (NYSE: HWM) was 32.79 for the day, down -1.91% from the previous closing price of $33.43. In other words, the price has decreased by $-0.64 from its previous closing price. On the day, 2473932 shares were traded. HWM reached its highest trading level at $33.59 during the session, while it also had its lowest trading level at $32.54.
Our analysis of HWM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.88 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 40.52. For the most recent quarter (mrq), Quick Ratio is recorded 1.00 and its Current Ratio is at 2.10. In the meantime, Its Debt-to-Equity ratio is 1.24 whereas as Long-Term Debt/Eq ratio is at 1.24.
Upgrades & Downgrades
On July 06, 2022, Truist started tracking the stock assigning a Buy rating and target price of $41.
On December 03, 2021, Morgan Stanley started tracking the stock assigning a Overweight rating and target price of $40.Morgan Stanley initiated its Overweight rating on December 03, 2021, with a $40 target price.
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 03 when Giacobbe Ken sold 63,304 shares for $36.31 per share. The transaction valued at 2,298,435 led to the insider holds 382,379 shares of the business.
Shultz Barbara Lou sold 2,038 shares of HWM for $65,828 on Nov 11. The Vice President and Controller now owns 17,332 shares after completing the transaction at $32.30 per share.
As of this moment, Howmet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.68, and their Forward P/E ratio for the next fiscal year is 17.85. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.29. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.63 while its Price-to-Book (P/B) ratio in mrq is 4.06.
Stock Price History:
Over the past 52 weeks, HWM has reached a high of $38.99, while it has fallen to a 52-week low of $27.41. The 50-Day Moving Average of the stock is 35.97, while the 200-Day Moving Average is calculated to be 34.25.
HWM traded an average of 2.80M shares per day over the past three months and 3.03M shares per day over the past ten days. A total of 417.00M shares are outstanding, with a floating share count of 411.70M. Insiders hold about 0.40% of the company’s shares, while institutions hold 92.80% stake in the company. Shares short for HWM as of Jul 14, 2022 were 8.17M with a Short Ratio of 2.72, compared to 7.06M on Jun 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.96% and a Short% of Float of 1.97%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.02, HWM has a forward annual dividend rate of 0.08. Against a Trailing Annual Dividend Yield of 0.06%, it implies a Forward Annual Dividend Yield of 0.22%. The current Payout Ratio is 8.90% for HWM, which recently paid a dividend on Aug 24, 2022 with an ex-dividend date of Aug 03, 2022. Stock splits for the company last occurred on Oct 31, 2016 when the company split stock in a 1334:1000 ratio.
The firm’s stock currently is rated by 13 analysts. On average, analysts expect EPS of $0.33 for the current quarter, with a high estimate of $0.34 and a low estimate of $0.32, while EPS last year was $0.22. The consensus estimate for the next quarter is $0.37, with high estimates of $0.39 and low estimates of $0.35.
Analysts are recommending an EPS of between $1.44 and $1.38 for the fiscal current year, implying an average EPS of $1.41. EPS for the following year is $1.84, with 13 analysts recommending between $2 and $1.7.
It is expected that $90B in revenue will be generated in the current quarter, according to 11 analysts. It ranges from a high estimate of $1.38B to a low estimate of $1.36B. As of the current estimate, Howmet Aerospace Inc.’s year-ago sales were $1.22B, an estimated increase of 12.50% from the year-ago figure. For the next quarter, 11 analysts are estimating revenue of $1.44B, an increase of 12.10% less than the figure of $12.50% in the same quarter last year. There is a high estimate of $1.46B for the next quarter, whereas the lowest estimate is $1.41B.
A total of 13 analysts have provided revenue estimates for HWM’s current fiscal year. The highest revenue estimate was $5.67B, while the lowest revenue estimate was $5.51B, resulting in an average revenue estimate of $5.63B. In the same quarter a year ago, actual revenue was $4.97B, up 13.20% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $6.25B in the next fiscal year. The high estimate is $6.53B and the low estimate is $5.97B. The average revenue growth estimate for next year is up 11.00% from the average revenue estimate for this year.