Are Robust Financials Driving The Recent Rally In Howmet Aerospace Inc.'s (NYSE:HWM) Stock? [Yahoo! Finance]
Howmet Aerospace Inc. (HWM)
Company Research
Source: Yahoo! Finance
Given that the market rewards strong financials in the long-term, we wonder if that is the case in this instance. Particularly, we will be paying attention to Howmet Aerospace's ROE today. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. View our latest analysis for Howmet Aerospace The formula for return on equity is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Howmet Aerospace is: 24% = US$1.1b ÷ US$4.5b (Based on the trailing twelve months to September 2024). The 'return' is the yearly profit. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.24 in profit. We have already established that ROE serves as a
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HWM
News
- Howmet (HWM) Advances While Market Declines: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Red Arts Capital Acquires KKSP Precision Machining, LLC and Add-On Hy-Production, Inc. [Yahoo! Finance]Yahoo! Finance
- Why Howmet Aerospace (HWM) Is Among the Best Aerospace and Defense Stocks to Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- Is It Too Late To Consider Buying Howmet Aerospace Inc. (NYSE:HWM)? [Yahoo! Finance]Yahoo! Finance
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Wells Fargo & Company from $129.00 to $132.00. They now have an "overweight" rating on the stock.MarketBeat
HWM
Earnings
- 11/6/24 - Beat
HWM
Sec Filings
- 12/2/24 - Form 4
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- HWM's page on the SEC website