Cowen Downgrades Howmet Aerospace Inc. (HWM) to Market Perform

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Go back to Cowen Downgrades Howmet Aerospace Inc. (HWM) to Market Perform

UPDATE: Howmet Aerospace (HWM) Reports Prelim. 1Q Revenues Miss

April 14, 2020 4:20 PM EDT

(Updated - April 14, 2020 4:20 PM EDT)

Howmet Aerospace (NYSE: HWM) reported Q1 EPS of $0.60, $0.11 better than the analyst estimate of $0.49. Revenue for the quarter came in at $3.26 billion versus the consensus estimate of $3.36 billion.

First Quarter 2020 Highlights

Expected revenue of ~$3.2 billion, down ~9% YoY; expected organic revenue1 down ~6% YoYNet income is expected to be in the range of $205 million to $215 million, or $0.47... More