Why Howmet Aerospace Stock Rocketed More Than 12% Skyward Today [Yahoo! Finance]
Howmet Aerospace Inc. (HWM)
Company Research
Source: Yahoo! Finance
On news of a massive earnings beat by the aerospace company, investors piled into the stock, sending its share price over 12% higher on the day. That compared extremely favorably to the frothy S&P 500 (SNPINDEX: ^GSPC) , which booked a relatively generous gain of 2.5%. Howmet unveiled its third-quarter results well before market open, giving investors plenty of time to get excited about buying into the company. Revenue for the period was $1.84 billion, representing year-over-year growth of 11%. Despite the double-digit improvement, analysts tracking the stock were collectively modeling a slightly higher figure of $1.85 billion. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » The reality-versus-expectations dynamic was quite different on the bottom line. Net income according to generally accepted accounting principles ( GAAP ) reporting standards was $332 million, or $0.81 in earnings per share (EPS), quite the improveme
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HWM
News
- Howmet Aerospace Board Approves Preferred Stock DividendsBusiness Wire
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Bank of America Co. from $100.00 to $135.00. They now have a "buy" rating on the stock.MarketBeat
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Wells Fargo & Company from $113.00 to $129.00. They now have an "overweight" rating on the stock.MarketBeat
- Are Aerospace Stocks Lagging Howmet Aerospace (HWM) This Year? [Yahoo! Finance]Yahoo! Finance
- Howmet Aerospace Inc. (NYSE: HWM) had its price target raised by analysts at Barclays PLC from $100.00 to $130.00. They now have an "overweight" rating on the stock.MarketBeat
HWM
Earnings
- 11/6/24 - Beat
HWM
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- HWM's page on the SEC website