After finishing at $66.07 in the prior trading day, Howmet Aerospace Inc (NYSE: HWM) closed at $65.63, down -0.67%. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 4364079 shares were traded. HWM stock price reached its highest trading level at $66.09 during the session, while it also had its lowest trading level at $65.06.
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Ratios:
Our goal is to gain a better understanding of HWM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 44.07 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 39.48. For the most recent quarter (mrq), Quick Ratio is recorded 0.87 and its Current Ratio is at 1.86. In the meantime, Its Debt-to-Equity ratio is 0.95 whereas as Long-Term Debt/Eq ratio is at 0.89.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Truist on January 10, 2024, Upgraded its rating to Buy and sets its target price to $74 from $47 previously.
On January 05, 2024, Bernstein started tracking the stock assigning a Outperform rating and target price of $67.
On October 11, 2023, UBS started tracking the stock assigning a Neutral rating and target price of $51.UBS initiated its Neutral rating on October 11, 2023, with a $51 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Marchuk Neil Edward sold 45,000 shares for $67.44 per share. The transaction valued at 3,034,872 led to the insider holds 229,568 shares of the business.
Marchuk Neil Edward sold 80,000 shares of HWM for $4,004,464 on Aug 09 ’23. The EVP, HR now owns 261,291 shares after completing the transaction at $50.06 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HWM now has a Market Capitalization of 26.93B and an Enterprise Value of 30.21B. As of this moment, Howmet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.76, and their Forward P/E ratio for the next fiscal year is 24.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.83. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.06 while its Price-to-Book (P/B) ratio in mrq is 6.76. Its current Enterprise Value per Revenue stands at 4.55 whereas that against EBITDA is 20.62.
Stock Price History:
Over the past 52 weeks, HWM has reached a high of $69.55, while it has fallen to a 52-week low of $38.17. The 50-Day Moving Average of the stock is 59.99, while the 200-Day Moving Average is calculated to be 51.41.
Shares Statistics:
The stock has traded on average 3.15M shares per day over the past 3-months and 3.82M shares per day over the last 10 days, according to various share statistics. A total of 409.91M shares are outstanding, with a floating share count of 405.38M. Insiders hold about 1.20% of the company’s shares, while institutions hold 91.31% stake in the company. Shares short for HWM as of Feb 29, 2024 were 4.99M with a Short Ratio of 1.59, compared to 4.82M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.22% and a Short% of Float of 1.54%.
Dividends & Splits
In the trailing 12 months, HWM’s forward annual dividend rate was 0.17, compared to 0.18 this year. Against a Trailing Annual Dividend Yield of 0.26%, it implies a Forward Annual Dividend Yield of 0.27%.
Earnings Estimates
Its stock is currently analyzed by 17 different market analysts. On average, analysts expect EPS of $0.52 for the current quarter, with a high estimate of $0.54 and a low estimate of $0.5, while EPS last year was $0.42. The consensus estimate for the next quarter is $0.54, with high estimates of $0.58 and low estimates of $0.52.
Analysts are recommending an EPS of between $2.31 and $2.14 for the fiscal current year, implying an average EPS of $2.21. EPS for the following year is $2.68, with 17 analysts recommending between $2.98 and $2.42.
Revenue Estimates
15 analysts predict $1.74B in revenue for the current quarter. It ranges from a high estimate of $1.76B to a low estimate of $1.71B. As of the current estimate, Howmet Aerospace Inc’s year-ago sales were $1.49B, an estimated increase of 16.90% from the year-ago figure. For the next quarter, 15 analysts are estimating revenue of $1.77B, an increase of 7.70% less than the figure of $16.90% in the same quarter last year. There is a high estimate of $1.82B for the next quarter, whereas the lowest estimate is $1.75B.
A total of 17 analysts have provided revenue estimates for HWM’s current fiscal year. The highest revenue estimate was $7.3B, while the lowest revenue estimate was $7.11B, resulting in an average revenue estimate of $7.17B. In the same quarter a year ago, actual revenue was $6.64B, up 7.90% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $7.82B in the next fiscal year. The high estimate is $8.28B and the low estimate is $7.64B. The average revenue growth estimate for next year is up 9.10% from the average revenue estimate for this year.
