Howmet Aerospace Inc HWM.N reported quarterly adjusted earnings of 91 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 67 cents. The mean expectation of twenty two analysts for the quarter was for earnings of 87 cents per share. Wall Street expected results to range from 85 cents to 91 cents per share.
Revenue rose 9.2% to $2.05 billion from a year ago; analysts expected $2.01 billion.
Howmet Aerospace Inc's reported EPS for the quarter was $1.00.
The company reported quarterly net income of $407 million.
Howmet Aerospace Inc shares had risen by 3.2% this quarter and gained 75.7% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 3.7% in the last three months.
In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
Wall Street's median 12-month price target for Howmet Aerospace Inc is $188.98, about 1.7% below its last closing price of $192.14
This summary was machine generated from LSEG data July 31 at 12:00 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)