Alcoa Co. (NYSE:AA – Get Rating) – Investment analysts at Jefferies Financial Group upped their FY2022 earnings per share (EPS) estimates for Alcoa in a research note issued to investors on Wednesday, April 20th. Jefferies Financial Group analyst C. Lafemina now forecasts that the industrial products company will post earnings per share of $12.19 for the year, up from their prior estimate of $8.97. Jefferies Financial Group currently has a “Buy” rating and a $98.00 price objective on the stock. Jefferies Financial Group also issued estimates for Alcoa’s FY2023 earnings at $8.99 EPS, FY2024 earnings at $10.61 EPS and FY2025 earnings at $12.66 EPS.
Alcoa (NYSE:AA – Get Rating) last issued its earnings results on Wednesday, April 20th. The industrial products company reported $3.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.92 by $0.14. Alcoa had a net margin of 5.75% and a return on equity of 29.44%. The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. Alcoa’s revenue for the quarter was up 14.7% on a year-over-year basis.
Shares of NYSE AA opened at $67.37 on Monday. The company has a current ratio of 1.62, a quick ratio of 0.95 and a debt-to-equity ratio of 0.28. Alcoa has a 12-month low of $31.00 and a 12-month high of $98.09. The firm’s 50-day moving average price is $83.19 and its 200-day moving average price is $64.32. The stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 17.87 and a beta of 2.30.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 24th. Stockholders of record on Tuesday, March 8th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.59%. Alcoa’s dividend payout ratio is 10.61%.
In related news, EVP John D. Slaven sold 28,326 shares of the business’s stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $75.33, for a total value of $2,133,797.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Molly S. Beerman sold 12,500 shares of the business’s stock in a transaction that occurred on Friday, February 4th. The shares were sold at an average price of $64.53, for a total value of $806,625.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 326,109 shares of company stock worth $20,224,090.
A number of institutional investors have recently bought and sold shares of AA. Allworth Financial LP lifted its holdings in Alcoa by 78.0% during the third quarter. Allworth Financial LP now owns 543 shares of the industrial products company’s stock worth $27,000 after buying an additional 238 shares during the period. Sandy Spring Bank purchased a new stake in Alcoa during the third quarter worth $30,000. CWM LLC purchased a new stake in Alcoa during the fourth quarter worth $30,000. Retirement Group LLC lifted its holdings in Alcoa by 100.0% during the fourth quarter. Retirement Group LLC now owns 500 shares of the industrial products company’s stock worth $30,000 after buying an additional 250 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Alcoa by 591.7% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 664 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 568 shares during the last quarter.
Alcoa Company Profile (Get Rating)
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 three segments: Bauxite, 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.
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