ALCOA CORP (NYSE:AA) is set to announce its earnings results after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $0.71 per share for the quarter.
ALCOA CORP (NYSE:AA) last posted its quarterly earnings data on Wednesday, July 19th. The industrial products company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. ALCOA CORP had a return on equity of 3.29% and a net margin of 1.63%. The firm had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, analysts expect ALCOA CORP to post $3.09 EPS for the current fiscal year and $3.41 EPS for the next fiscal year.
ALCOA CORP (NYSE:AA) opened at 46.89 on Wednesday. The stock has a 50 day moving average price of $45.96 and a 200-day moving average price of $45.96. The stock has a market capitalization of $8.64 billion and a PE ratio of 53.34. ALCOA CORP has a 12-month low of $20.00 and a 12-month high of $49.30.
A number of research analysts have recently weighed in on the company. Macquarie restated a “buy” rating and set a $62.00 price objective (up previously from $55.00) on shares of ALCOA CORP in a research report on Tuesday. Gabelli lowered ALCOA CORP from a “buy” rating to a “hold” rating and raised their price objective for the company from $57.00 to $60.00 in a research report on Wednesday, October 4th. Citigroup Inc. restated a “buy” rating and set a $53.00 price objective on shares of ALCOA CORP in a research report on Friday, September 29th. Morgan Stanley raised their price objective on ALCOA CORP from $47.00 to $54.00 and gave the company a “top pick” rating in a research report on Monday, September 25th. Finally, Berenberg Bank lowered ALCOA CORP from a “buy” rating to a “hold” rating and raised their price objective for the company from $41.00 to $44.00 in a research report on Friday, September 22nd. Five equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. ALCOA CORP has an average rating of “Buy” and an average price target of $46.89.
ALCOA CORP 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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