Alcoa (AA) to Release Quarterly Earnings on Wednesday

Alcoa (NYSE:AA) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 17th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, January 17th. The industrial products company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.85) by $0.29. The firm had revenue of $2.60 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Alcoa had a negative net margin of 6.17% and a negative return on equity of 6.56%. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.70) EPS. On average, analysts expect Alcoa to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Alcoa Trading Up 1.3 %

AA opened at $36.82 on Wednesday. The company has a current ratio of 1.45, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $6.61 billion, a PE ratio of -10.09, a PEG ratio of 2.70 and a beta of 2.47. Alcoa has a 1-year low of $23.07 and a 1-year high of $42.23. The firm has a 50-day moving average price of $29.91 and a two-hundred day moving average price of $28.61.

Alcoa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 5th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.09%. The ex-dividend date was Monday, March 4th. Alcoa’s payout ratio is presently -10.96%.

Analysts Set New Price Targets

Several research analysts recently weighed in on AA shares. UBS Group started coverage on shares of Alcoa in a research note on Tuesday, January 16th. They set a “sell” rating and a $29.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Alcoa from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Thursday, January 18th. StockNews.com raised shares of Alcoa from a “sell” rating to a “hold” rating in a research note on Tuesday. B. Riley cut their price target on shares of Alcoa from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 12th. Finally, Bank of America lifted their price target on shares of Alcoa from $31.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.88.

Insider Buying and Selling at Alcoa

In other news, EVP Tammi A. Jones sold 26,468 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $30.78, for a total value of $814,685.04. Following the completion of the sale, the executive vice president now owns 41,166 shares of the company’s stock, valued at $1,267,089.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.08% of the company’s stock.

Institutional Investors Weigh In On Alcoa

A number of institutional investors have recently modified their holdings of AA. Fairfield Bush & CO. bought a new stake in Alcoa during the first quarter worth about $29,000. Neo Ivy Capital Management bought a new stake in Alcoa during the second quarter worth about $27,000. Resurgent Financial Advisors LLC bought a new position in shares of Alcoa in the fourth quarter worth about $32,000. ICA Group Wealth Management LLC bought a new position in shares of Alcoa in the fourth quarter worth about $36,000. Finally, FinTrust Capital Advisors LLC lifted its holdings in shares of Alcoa by 55.3% in the fourth quarter. FinTrust Capital Advisors LLC now owns 1,123 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 400 shares during the last quarter. Institutional investors own 82.39% of the company’s stock.

Alcoa Company Profile

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.