Howmet Aerospace gains after raising full-year profit forecast

Howmet Aerospace

01/05/2025 12:53

** Howmet Aerospace's HWM.N shares up 4.6% to $145 premarket

** Company raises 2025 profit forecast on robust demand for the company's fasteners and other critical aircraft parts as planemakers try to produce more jets

** Forecasts full-year adj profit per share between $3.36 and $3.44, up from $3.13 to $3.21

** Posts Q1 revenue of $1.94 billion, up 6.4%

** 20 of 26 brokerages rate the stock "buy" or higher, 6 "hold"; median PT $141- LSEG

** As of last close, stock up 26.7% YTD

(Reporting by Apratim Sarkar)

((Apratim.Sarkar@thomsonreuters.com))