Analysts predict that Alcoa Corp (NYSE:AA) will report ($0.17) earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Alcoa’s earnings, with estimates ranging from ($0.55) to $0.08. Alcoa posted earnings of $0.77 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 122.1%. The business is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, April 17th.
According to Zacks, analysts expect that Alcoa will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $0.77 to $2.61. For the next financial year, analysts expect that the firm will post earnings of $2.27 per share, with EPS estimates ranging from $1.42 to $3.37. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Alcoa.
Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, January 16th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.16. The business had revenue of $3.34 billion for the quarter, compared to the consensus estimate of $3.31 billion. Alcoa had a return on equity of 9.21% and a net margin of 1.69%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS.
Several analysts recently issued reports on the company. TheStreet downgraded Alcoa from a “c-” rating to a “d+” rating in a report on Thursday, March 28th. ValuEngine raised Alcoa from a “strong sell” rating to a “sell” rating in a report on Thursday, December 20th. Zacks Investment Research raised Alcoa from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 3rd. Goldman Sachs Group raised Alcoa from a “neutral” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Monday, January 14th. Finally, JPMorgan Chase & Co. cut their target price on Alcoa to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, January 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $46.73.
A number of institutional investors have recently made changes to their positions in AA. We Are One Seven LLC bought a new stake in Alcoa during the 4th quarter valued at $35,000. Financial Architects Inc raised its stake in shares of Alcoa by 2,970.3% in the 4th quarter. Financial Architects Inc now owns 3,101 shares of the industrial products company’s stock worth $82,000 after buying an additional 3,000 shares in the last quarter. IMS Capital Management bought a new stake in shares of Alcoa in the 3rd quarter worth $87,000. Cerebellum GP LLC raised its stake in shares of Alcoa by 8.1% in the 4th quarter. Cerebellum GP LLC now owns 4,798 shares of the industrial products company’s stock worth $128,000 after buying an additional 361 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its stake in shares of Alcoa by 414.8% in the 3rd quarter. Point72 Hong Kong Ltd now owns 5,112 shares of the industrial products company’s stock worth $207,000 after buying an additional 4,119 shares in the last quarter.
Shares of NYSE AA opened at $27.72 on Friday. The company has a market capitalization of $5.15 billion, a P/E ratio of 7.75, a P/E/G ratio of 4.49 and a beta of 1.13. Alcoa has a 12-month low of $25.01 and a 12-month high of $62.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.85 and a current ratio of 1.42.
Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.
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