Alcoa (AA) Projected to Post Earnings on Wednesday

Alcoa (NYSE:AA) is expected to announce its earnings results after the market closes on Wednesday, April 16th. Analysts expect the company to announce earnings of $1.63 per share and revenue of $3.58 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, January 22nd. The industrial products company reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 Stock Performance

AA opened at $22.51 on Wednesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 0.86. The company has a market capitalization of $5.83 billion, a PE ratio of -140.66, a price-to-earnings-growth ratio of 0.19 and a beta of 2.28. The business has a fifty day simple moving average of $33.09 and a 200 day simple moving average of $37.76. Alcoa has a 1 year low of $22.10 and a 1 year high of $47.77.

Alcoa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.40 annualized dividend and a dividend yield of 1.78%. Alcoa’s dividend payout ratio (DPR) is presently -250.00%.

Analyst Ratings Changes

A number of analysts have issued reports on AA shares. Morgan Stanley cut their price objective on shares of Alcoa from $55.00 to $51.00 and set an “overweight” rating for the company in a report on Tuesday, January 28th. Jefferies Financial Group cut their price target on Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, January 6th. HC Wainwright increased their price target on Alcoa to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. JPMorgan Chase & Co. raised their price target on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, BMO Capital Markets upped their price objective on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Alcoa currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.25.

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.