Gold prices slip slightly after recent gains; U.S. data eyed
Investing.com - Bernstein raised its price target on Howmet Aerospace Inc . (NYSE:HWM) to $217.00 from $174.00 while maintaining an Outperform rating. According to InvestingPro data, 12 analysts have recently revised their earnings estimates upward, with price targets ranging from $165 to $225.
The aerospace components manufacturer reported second-quarter adjusted diluted earnings per share of $0.91, exceeding the consensus estimate of $0.87. Revenue reached $2.05 billion, surpassing analyst expectations of $2.01 billion. InvestingPro analysis shows the company maintains strong fundamentals with a perfect Piotroski Score of 9 and impressive return on equity of 30%.
Following these results, Howmet management revised its 2025 outlook upward for revenues, earnings per share, and free cash flow. Bernstein subsequently raised its 2025 EPS estimate from $3.64 to $3.67, citing growth in industrial gas turbines and strong margins across all segments.
Howmet shares declined after reporting results on July 31, which Bernstein attributed to profit-taking following a period of substantial stock price appreciation.
The firm increased its valuation multiple for Howmet from 150% to 190% of the S&P 500, resulting in the new $217 price target.
In other recent news, Howmet Aerospace Inc. announced its financial results for the second quarter of 2025, reporting earnings per share of $0.91. This figure exceeded analyst expectations, which were set at $0.87. The company’s revenue also surpassed projections, reaching $2.53 billion compared to the anticipated $2.02 billion. Despite these positive earnings results, the company’s stock experienced a decline in pre-market trading. These developments highlight Howmet Aerospace’s financial performance and market reactions in the latest quarter.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.