Alcoa (AA) Scheduled to Post Earnings on Wednesday

Alcoa (NYSE:AA) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 16th. Analysts expect Alcoa to post earnings of $0.11 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Alcoa (NYSE:AA) last released its quarterly earnings data on Wednesday, July 17th. The industrial products company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. Alcoa had a negative return on equity of 7.29% and a negative net margin of 5.14%. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the business posted ($0.35) EPS. Alcoa’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, analysts expect Alcoa to post $0 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Alcoa Trading Up 1.9 %

NYSE:AA opened at $41.82 on Tuesday. Alcoa has a fifty-two week low of $23.07 and a fifty-two week high of $45.48. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.92. The stock has a market capitalization of $7.51 billion, a PE ratio of -11.12 and a beta of 2.42. The business’s 50-day simple moving average is $34.05 and its 200-day simple moving average is $36.62.

Alcoa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Monday, August 12th. Alcoa’s dividend payout ratio (DPR) is presently -10.64%.

Analyst Upgrades and Downgrades

AA has been the topic of several research reports. B. Riley Financial restated a “neutral” rating and issued a $41.00 target price on shares of Alcoa in a research note on Tuesday, September 17th. Bank of America upgraded Alcoa from a “neutral” rating to a “buy” rating and boosted their target price for the company from $43.00 to $52.00 in a research note on Tuesday, October 1st. Morgan Stanley cut their target price on Alcoa from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. StockNews.com cut Alcoa from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st. Finally, Wolfe Research upgraded Alcoa from a “peer perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.64.

About Alcoa

Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.