Alcoa Co. (NYSE:AA) Declares Quarterly Dividend of $0.10

Alcoa Co. (NYSE:AA - Get Free Report) declared a quarterly dividend on Wednesday, October 16th, RTT News reports. Stockholders of record on Tuesday, October 29th will be given a dividend of 0.10 per share by the industrial products company on Friday, November 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.95%.

Alcoa has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Alcoa to earn $2.79 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 14.3%.

Alcoa Stock Performance

Alcoa stock traded up $0.79 during mid-day trading on Wednesday, reaching $42.09. 6,651,572 shares of the stock traded hands, compared to its average volume of 5,966,257. Alcoa has a 12-month low of $23.07 and a 12-month high of $45.48. The business's 50-day moving average is $34.55 and its 200-day moving average is $36.71. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.55 and a quick ratio of 0.92. The stock has a market capitalization of $7.56 billion, a PE ratio of -11.19 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 EPS for the quarter, beating the consensus estimate of $0.11 by $0.05. The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.84 billion. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The business's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.35) EPS. As a group, sell-side analysts predict that Alcoa will post 0.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AA has been the topic of several recent research reports. Wolfe Research upgraded shares of Alcoa from a "peer perform" rating to an "outperform" rating and set a $36.00 price target on the stock in a research report on Wednesday, September 4th. JPMorgan Chase & Co. began coverage on Alcoa in a report on Wednesday, September 25th. They issued a "neutral" rating and a $36.00 target price on the stock. UBS Group boosted their price target on Alcoa from $40.00 to $50.00 and gave the company a "buy" rating in a report on Tuesday. StockNews.com downgraded Alcoa from a "hold" rating to a "sell" rating in a research note on Tuesday, October 1st. Finally, B. Riley Financial reiterated a "neutral" rating and set a $41.00 price objective on shares of Alcoa in a research note on Tuesday, September 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Alcoa currently has a consensus rating of "Hold" and a consensus price target of $42.55.

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.