Why Howmet Aerospace Stock Is Soaring Higher Today

Motley Fool05-03

Howmet surpassed earnings and revenue estimates for the quarter. The company raised full-year guidance despite reducing its expected sales to Boeing in 2024. Howmet Aerospace (HWM 15.96%) ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432007982?lang=en_US&edition=fundamental","thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F775515%2Farnc-ultrasonic-testing-of-an-aerospace-plate-davenport-iowa-source-arnc.jpg&op=resize&w=165&h=104","is_english":true,"pubTime":"2024-05-03 00:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432007982","market":"us","top_or_hot":-1,"title":"Why Howmet Aerospace Stock Is Soaring Higher Today","media":"Motley Fool","content":"<div>\n<p>Howmet surpassed earnings and revenue estimates for the quarter.\n\n\n\n\n\n\n\nThe company raised full-year guidance despite reducing its expected sales to Boeing in 2024.\n\nHowmet Aerospace (HWM 15.96%) ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/02/why-howmet-aerospace-stock-is-soaring-higher-today/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Howmet Aerospace Stock Is Soaring Higher Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Howmet Aerospace Stock Is Soaring Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-03 00:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/05/02/why-howmet-aerospace-stock-is-soaring-higher-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Howmet surpassed earnings and revenue estimates for the quarter.\n\n\n\n\n\n\n\nThe company raised full-year guidance despite reducing its expected sales to Boeing in 2024.\n\nHowmet Aerospace (HWM 15.96%) ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/05/02/why-howmet-aerospace-stock-is-soaring-higher-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BA","symbol_name":"波音","start_time":0,"source_url":"https://www.fool.com/investing/2024/05/02/why-howmet-aerospace-stock-is-soaring-higher-today/","article_id":"2432007982","we_media_id":null,"thumbnails":["https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F775515%2Farnc-ultrasonic-testing-of-an-aerospace-plate-davenport-iowa-source-arnc.jpg&op=resize&w=165&h=104"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432007982","pubTimestamp":1714667520,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"This under-the-radar aerospace manufacturer is finally getting its due.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BA":"波音","BK4588":"碎股","BK4516":"特朗普概念","BK4585":"ETF&股票定投概念","BK4564":"太空概念","BK4187":"航天航空与国防","BK4153":"铝","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","BK4551":"寇图资本持仓","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","AA":"美国铝业","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H"},"translate_title":"为什么Howmet航空航天公司的股票今天飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AA":0.9,"BA":0.9},"content_text":"Howmet surpassed earnings and revenue estimates for the quarter.\n\n\n\n\n\n\n\nThe company raised full-year guidance despite reducing its expected sales to Boeing in 2024.\n\nHowmet Aerospace (HWM 15.96%) easily topped quarterly expectations, raised full-year guidance, and telegraphed a big boost to its dividend later this year. Investors are buying in, sending shares up 16% as of 11:15 a.m. ET.Strong results despite Boeing's issuesHowmet is a collection of jet engine and aerospace component businesses that were cobbled together by Alcoa before being spun out as an independent. The company earned $0.57 per share in the first quarter, it reported today, on revenue of $1.824 billion, topping Wall Street's consensus estimate for $0.52 per share in earnings on sales of $1.7 billion.Commercial aerospace sales were up 23% year over year, and companywide EBITDA margin at 24% was 100 basis points better than what Howmet had guided for. Free cash flow in the quarter was $95 million, the first time in the company's four-year history as a stand-alone that it has generated positive cash flow in the first quarter.Howmet is a supplier to Boeing and warned that the aerospace giant's ongoing manufacturing issues mean Howmet is assuming \"sharply lower\" parts for new 737 MAX planes in 2024. But the company said it expects to offset the weakness at Boeing thanks to strong demand in other areas, leading it to boost full-year 2024 revenue guidance by $200 million.Is Howmet Aerospace stock a buy?Boeing's woes are actually helping fuel demand, forcing airlines to operate their existing fleet for longer and creating a need for more spare parts. CEO John Plant said that the company is feeling confident enough about its outlook and its ability to generate cash that he expects the board to approve a 40% increase in the dividend in the second half of 2024.The assets that became Howmet went through some turbulent times first as part of Alcoa and then as part of Arconic, however, the shares are up 485% since the aerospace business was separated as a stand-alone in April 2020.The stock is no longer the hidden gem it once was, but with commercial aerospace demand expected to remain strong for the foreseeable future, Howmet shares can still go higher from here.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432007982"}