Howmet Aerospace (HWM, Financial) saw a notable stock price jump of 12.43%, as its impressive third-quarter earnings surpassed market expectations. While revenue came in slightly below projections at $1.84 billion, the company's net income per share exceeded analyst forecasts, driving the stock higher.
Currently trading at $114.86, Howmet Aerospace (HWM, Financial) boasts a market capitalization of $46.88 billion. Despite the recent positive earnings report, the stock appears to be significantly overvalued based on its GF Value of $55.64, which suggests the stock is trading well above its intrinsic value. For a detailed analysis, you can visit the GF Value page.
In terms of valuation metrics, Howmet Aerospace (HWM, Financial) has a price-to-earnings (P/E) ratio of 45.2 and a price-to-book (P/B) ratio of 9.87. The company's price-to-sale (P/S) ratio is nearing a 10-year high at 5.94, with an enterprise value of $44.82 billion. Although the company's Piotroski F-Score is robust at 8, indicating a healthy financial position, the recent insider selling activities may cause concern among investors.
Looking ahead, Howmet Aerospace (HWM, Financial) has provided guidance for fourth-quarter and 2024 revenue to range between $7.39 billion and $7.43 billion, slightly under analyst expectations. However, the projected net income per share of $2.65 to $2.67 remains optimistic compared to the $2.59 consensus, which may continue to support the stock's bullish sentiment in the near term.
