Alcoa (AA) to Release Earnings on Wednesday

Alcoa (NYSE:AA - Get Free Report) is projected to announce its earnings results after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.63 per share and revenue of $3.58 billion for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Alcoa (NYSE:AA - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13. Alcoa had a return on equity of 5.54% and a net margin of 0.50%. On average, analysts expect Alcoa to post $4 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Alcoa Stock Up 4.3 %

NYSE AA traded up $1.02 during trading on Friday, hitting $24.77. The company's stock had a trading volume of 7,471,819 shares, compared to its average volume of 5,455,014. Alcoa has a fifty-two week low of $21.53 and a fifty-two week high of $47.77. The company has a market cap of $6.41 billion, a PE ratio of -154.78, a P/E/G ratio of 0.19 and a beta of 2.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The business's 50 day simple moving average is $32.27 and its 200-day simple moving average is $37.44.

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Alcoa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, March 4th. Alcoa's dividend payout ratio (DPR) is presently -250.00%.

Analyst Ratings Changes

A number of research firms have issued reports on AA. Bank of America reaffirmed an "underperform" rating and issued a $26.00 price target (down previously from $58.00) on shares of Alcoa in a report on Tuesday, April 8th. UBS Group lowered their price target on Alcoa from $53.00 to $47.00 and set a "buy" rating for the company in a research report on Thursday, March 27th. Morgan Stanley cut their price objective on Alcoa from $55.00 to $51.00 and set an "overweight" rating on the stock in a report on Tuesday, January 28th. B. Riley raised Alcoa to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Jefferies Financial Group cut their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $46.25.

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.