Zacks: Brokerages Expect Alcoa Co. (NYSE:AA) to Announce $3.66 EPS

Equities analysts predict that Alcoa Co. (NYSE:AAGet Rating) will report earnings of $3.66 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Alcoa’s earnings, with estimates ranging from $3.19 to $4.10. Alcoa reported earnings per share of $1.49 during the same quarter last year, which would suggest a positive year-over-year growth rate of 145.6%. The company is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Alcoa will report full year earnings of $13.17 per share for the current fiscal year, with EPS estimates ranging from $11.62 to $15.79. For the next fiscal year, analysts forecast that the business will post earnings of $11.26 per share, with EPS estimates ranging from $6.12 to $18.36. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Alcoa.

Alcoa (NYSE:AAGet Rating) last released its earnings results on Wednesday, April 20th. The industrial products company reported $3.06 EPS for the quarter, beating the consensus estimate of $2.99 by $0.07. Alcoa had a net margin of 5.75% and a return on equity of 29.44%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.46 billion. During the same period in the prior year, the business earned $0.79 earnings per share. The business’s quarterly revenue was up 14.7% on a year-over-year basis.

Several equities research analysts recently commented on AA shares. The Goldman Sachs Group restated a “buy” rating and issued a $110.00 price target on shares of Alcoa in a research report on Friday, April 22nd. Wolfe Research reiterated a “buy” rating and issued a $105.00 price objective on shares of Alcoa in a research note on Friday, March 25th. Zacks Investment Research lowered shares of Alcoa from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group lowered shares of Alcoa from an “outperform” rating to a “neutral” rating and upped their price objective for the company from $68.00 to $82.00 in a research note on Friday, April 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Alcoa from $67.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, March 7th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Alcoa currently has a consensus rating of “Hold” and an average price target of $92.83.

Shares of NYSE:AA opened at $60.28 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 1.62. The company has a market cap of $11.12 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 0.51 and a beta of 2.34. Alcoa has a 52 week low of $31.00 and a 52 week high of $98.09. The firm has a 50 day simple moving average of $78.02 and a 200 day simple moving average of $65.97.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Tuesday, May 17th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Monday, May 16th. Alcoa’s dividend payout ratio (DPR) is presently 10.61%.

In other Alcoa news, EVP John D. Slaven sold 28,326 shares of the stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $75.33, for a total value of $2,133,797.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several large investors have recently added to or reduced their stakes in AA. Hanseatic Management Services Inc. acquired a new stake in shares of Alcoa during the 1st quarter worth about $25,000. Fairfield Bush & CO. acquired a new stake in shares of Alcoa during the 1st quarter worth about $29,000. CWM LLC acquired a new stake in shares of Alcoa during the 4th quarter worth about $30,000. Retirement Group LLC increased its position in shares of Alcoa by 100.0% during the 4th quarter. Retirement Group LLC now owns 500 shares of the industrial products company’s stock worth $30,000 after purchasing an additional 250 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its position 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 worth $40,000 after purchasing an additional 568 shares in 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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