Howmet Aerospace (HWM) to Release Quarterly Earnings on Thursday

Howmet Aerospace (NYSE:HWM) is projected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Howmet Aerospace to post earnings of $0.71 per share and revenue of $1.88 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Howmet Aerospace Stock Up 1.9 %

Shares of Howmet Aerospace stock opened at $127.89 on Thursday. Howmet Aerospace has a 1 year low of $57.66 and a 1 year high of $129.10. The firm has a market cap of $51.96 billion, a price-to-earnings ratio of 48.81, a PEG ratio of 1.43 and a beta of 1.50. The company has a 50-day moving average of $117.36 and a 200 day moving average of $105.80. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.24 and a quick ratio of 0.98.

Howmet Aerospace Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, February 7th will be paid a dividend of $0.10 per share. This is an increase from Howmet Aerospace’s previous quarterly dividend of $0.08. The ex-dividend date is Friday, February 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.31%. Howmet Aerospace’s dividend payout ratio (DPR) is currently 12.21%.

Analyst Upgrades and Downgrades

HWM has been the topic of several recent research reports. Susquehanna upped their price target on Howmet Aerospace from $120.00 to $132.00 and gave the stock a “positive” rating in a research note on Thursday, November 7th. Wells Fargo & Company upped their price target on shares of Howmet Aerospace from $129.00 to $132.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Sanford C. Bernstein increased their price target on shares of Howmet Aerospace from $113.00 to $127.00 and gave the company an “outperform” rating in a report on Monday, October 21st. Truist Financial boosted their price objective on shares of Howmet Aerospace from $128.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Bank of America increased their target price on Howmet Aerospace from $100.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Howmet Aerospace presently has an average rating of “Moderate Buy” and a consensus target price of $115.71.

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.