Alcoa (AA) Expected to Announce Quarterly Earnings on Wednesday

Alcoa (NYSE:AA) is projected to release its earnings data after the market closes on Wednesday, April 16th. Analysts expect Alcoa to post earnings of $1.63 per share and revenue of $3.58 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Alcoa (NYSE:AA) last announced its quarterly earnings data on Wednesday, January 22nd. The industrial products company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 Trading Up 4.3 %

AA stock opened at $24.77 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.45 and a debt-to-equity ratio of 0.48. Alcoa has a twelve month low of $21.53 and a twelve month high of $47.77. The company has a market cap of $6.41 billion, a P/E ratio of -154.78, a PEG ratio of 0.19 and a beta of 2.28. The business has a fifty day moving average of $32.27 and a 200-day moving average of $37.44.

Alcoa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 annualized dividend and a yield of 1.62%. Alcoa’s dividend payout ratio is currently -250.00%.

Analysts Set New Price Targets

Several brokerages have recently commented on AA. JPMorgan Chase & Co. lowered their price target on shares of Alcoa from $40.00 to $28.00 and set a “neutral” rating for the company in a research report on Thursday. UBS Group dropped their target price on shares of Alcoa from $53.00 to $47.00 and set a “buy” rating for the company in a research report on Thursday, March 27th. HC Wainwright raised their price target on Alcoa to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Morgan Stanley dropped their price objective on Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Finally, B. Riley raised Alcoa to a “strong-buy” rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.