Analysts forecast that Alcoa Corp (NYSE:AA) will announce $0.63 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Alcoa’s earnings. The highest EPS estimate is $0.73 and the lowest is $0.45. Alcoa also posted earnings of $0.63 per share in the same quarter last year. The firm is scheduled to announce its next earnings report on Monday, April 23rd.
On average, analysts expect that Alcoa will report full year earnings of $3.56 per share for the current year, with EPS estimates ranging from $2.70 to $4.65. For the next year, analysts forecast that the business will post earnings of $3.65 per share, with EPS estimates ranging from $2.73 to $4.43. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Alcoa.
Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, January 17th. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.19). The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.29 billion. Alcoa had a net margin of 1.86% and a return on equity of 7.20%. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share.
Shares of AA stock traded up $0.95 during trading on Friday, reaching $47.42. 324,794 shares of the company’s stock were exchanged, compared to its average volume of 4,096,012. The company has a current ratio of 1.30, a quick ratio of 0.86 and a debt-to-equity ratio of 0.20. The stock has a market cap of $8,631.10, a P/E ratio of 40.74, a P/E/G ratio of 1.51 and a beta of 0.10. Alcoa has a fifty-two week low of $29.55 and a fifty-two week high of $57.50.
In related news, COO Tomas Mar Sigurdsson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $51.37, for a total value of $513,700.00. Following the transaction, the chief operating officer now owns 46,832 shares in the company, valued at approximately $2,405,759.84. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP William F. Oplinger sold 229,475 shares of the company’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $52.86, for a total transaction of $12,130,048.50. Following the completion of the transaction, the vice president now owns 108,915 shares in the company, valued at approximately $5,757,246.90. The disclosure for this sale can be found here.
Institutional investors have recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. increased its holdings in Alcoa by 4.1% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 27,479 shares of the industrial products company’s stock worth $1,482,000 after acquiring an additional 1,072 shares in the last quarter. Convergence Investment Partners LLC increased its holdings in Alcoa by 2.4% in the 4th quarter. Convergence Investment Partners LLC now owns 47,722 shares of the industrial products company’s stock worth $2,571,000 after acquiring an additional 1,140 shares in the last quarter. First Allied Advisory Services Inc. increased its holdings in Alcoa by 25.9% in the 4th quarter. First Allied Advisory Services Inc. now owns 5,684 shares of the industrial products company’s stock worth $307,000 after acquiring an additional 1,171 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in Alcoa by 3.9% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 31,570 shares of the industrial products company’s stock worth $1,701,000 after acquiring an additional 1,178 shares in the last quarter. Finally, Bollard Group LLC increased its holdings in Alcoa by 28.6% in the 4th quarter. Bollard Group LLC now owns 5,398 shares of the industrial products company’s stock worth $291,000 after acquiring an additional 1,200 shares in the last quarter.
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Alcoa Company Profile
Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.
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