Alcoa (AA) Set to Announce Earnings on Wednesday

Alcoa (NYSE:AA - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 16th. Analysts expect the company to announce earnings of $0.11 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 - Get Free Report) last issued its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. Alcoa had a negative return on equity of 7.29% and a negative net margin of 5.14%. The firm had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the business posted ($0.35) EPS. The business's revenue was up 8.3% compared to the same quarter last year. On average, analysts expect Alcoa to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Alcoa Stock Performance

Shares of Alcoa stock opened at $37.73 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The business has a 50-day moving average price of $33.29 and a two-hundred day moving average price of $36.41. Alcoa has a 1-year low of $23.07 and a 1-year high of $45.48. The company has a market cap of $6.77 billion, a P/E ratio of -10.03 and a beta of 2.42.

Alcoa Dividend Announcement

The firm 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. The ex-dividend date was Monday, August 12th. This represents a $0.40 dividend on an annualized basis and a yield of 1.06%. Alcoa's payout ratio is currently -10.64%.

Wall Street Analyst Weigh In

AA has been the subject of a number of recent analyst reports. Morgan Stanley decreased their price target on Alcoa from $50.00 to $48.00 and set an "overweight" rating for the company in a report on Monday, July 22nd. StockNews.com downgraded Alcoa from a "hold" rating to a "sell" rating in a research note on Tuesday, October 1st. Wolfe Research upgraded Alcoa from a "peer perform" rating to an "outperform" rating and set a $36.00 target price for the company in a research note on Wednesday, September 4th. 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. Finally, JPMorgan Chase & Co. began coverage on Alcoa in a research note on Wednesday, September 25th. They issued a "neutral" rating and a $36.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, Alcoa presently has a consensus rating of "Hold" and an average target price of $41.64.

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.