B. Riley Comments on Alcoa Co.'s FY2025 Earnings (NYSE:AA)

Alcoa Co. (NYSE:AA - Free Report) - Investment analysts at B. Riley boosted their FY2025 earnings per share (EPS) estimates for Alcoa in a research note issued on Tuesday, September 24th. B. Riley analyst L. Pipes now expects that the industrial products company will earn $2.14 per share for the year, up from their previous forecast of $1.88. B. Riley currently has a "Neutral" rating and a $41.00 target price on the stock. The consensus estimate for Alcoa's current full-year earnings is $0.56 per share.

Several other research firms have also recently commented on AA. Bank of America lowered their price target on shares of Alcoa from $46.00 to $43.00 and set a "neutral" rating on the stock in a report on Thursday, July 18th. B. Riley Financial restated a "neutral" rating and issued a $41.00 target price on shares of Alcoa in a research note on Tuesday, September 17th. Morgan Stanley cut their price target on Alcoa from $50.00 to $48.00 and set an "overweight" rating for the company in a research note on Monday, July 22nd. StockNews.com cut Alcoa from a "hold" rating to a "sell" rating in a research note on Friday, September 20th. Finally, UBS Group raised their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a "buy" rating in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $40.82.

Alcoa Stock Up 9.1 %

NYSE AA traded up $3.27 during trading on Thursday, reaching $39.28. 9,330,413 shares of the company's stock were exchanged, compared to its average volume of 6,053,531. The company has a current ratio of 1.55, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. Alcoa has a fifty-two week low of $23.07 and a fifty-two week high of $45.48. The company's fifty day simple moving average is $32.35 and its 200-day simple moving average is $35.85. The firm has a market capitalization of $7.05 billion, a PE ratio of -10.35 and a beta of 2.42.

Alcoa (NYSE:AA - Get Free Report) last released its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.05. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The business had revenue of $2.91 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the business earned ($0.35) earnings per share. The firm's revenue was up 8.3% compared to the same quarter last year.

Hedge Funds Weigh In On Alcoa

Several large investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new stake in Alcoa during the second quarter valued at approximately $27,000. Scarborough Advisors LLC acquired a new position in Alcoa during the fourth quarter worth $39,000. Quest Partners LLC bought a new position in shares of Alcoa during the fourth quarter valued at $40,000. Toronto Dominion Bank boosted its stake in shares of Alcoa by 1,501.9% in the 1st quarter. Toronto Dominion Bank now owns 1,698 shares of the industrial products company's stock valued at $57,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Alcoa by 15.1% during the 2nd quarter. Fifth Third Bancorp now owns 2,353 shares of the industrial products company's stock worth $94,000 after purchasing an additional 309 shares in the last quarter. Institutional investors and hedge funds own 82.39% of the company's stock.

Alcoa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend was Monday, August 12th. Alcoa's dividend payout ratio (DPR) is -10.64%.

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.