Alcoa (AA) Expected to Release Earnings on Thursday

Key Points

• Alcoa is set to report Q2 2026 earnings after the market closes on Thursday, July 16, with analysts expecting earnings of $2.38 per share and revenue of $3.99 billion.
• The company’s last quarter disappointed, as it posted $1.40 EPS versus the $1.60 estimate and revenue of $3.19 billion, below expectations. Revenue also fell 5.2% year over year.
• Sentiment has turned more cautious, with several analysts lowering price targets amid concerns that aluminum prices may weaken. Morgan Stanley cut its target to $53 from $79 and kept an Equal-weight rating, while the consensus rating remains Hold.

Alcoa (NYSE:AA - Get Free Report) is expected to be issuing its Q2 2026 results after the market closes on Thursday, July 16th. Analysts expect the company to announce earnings of $2.38 per share and revenue of $3.9919 billion for the quarter. Investors can check the company's upcoming Q2 2026 earning report page for the latest details on the call scheduled for Thursday, July 16, 2026 at 5:00 PM ET.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The industrial products company reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.20). The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.35 billion. Alcoa had a net margin of 8.27% and a return on equity of 12.57%. Alcoa's revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.15 EPS. On average, analysts expect Alcoa to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Alcoa Stock Performance

Shares of AA opened at $48.47 on Thursday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.48 and a quick ratio of 0.88. The stock has a 50-day moving average of $63.84 and a 200-day moving average of $62.80. The company has a market cap of $12.79 billion, a PE ratio of 12.27, a P/E/G ratio of 0.67 and a beta of 1.63. Alcoa has a one year low of $28.11 and a one year high of $84.38.

Alcoa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were issued a $0.10 dividend. The ex-dividend date was Tuesday, May 19th. This represents a $0.40 annualized dividend and a yield of 0.8%. Alcoa's dividend payout ratio is presently 10.13%.

Key Headlines Impacting Alcoa

Here are the key news stories impacting Alcoa this week:

• Negative Sentiment: Morgan Stanley downgraded Alcoa to Equal-weight from a more favorable view, cutting its price target to $53 from $79. The firm said the changing supply backdrop should favor copper, gold, and silver, while aluminum is likely headed into surplus and iron ore remains under pressure. Morgan Stanley upgrades Ivanhoe Mines, cuts Alcoa and Vale on metals outlook
• Negative Sentiment: Another report noted Morgan Stanley reaffirmed its Equal-weight rating on Alcoa while reducing the price target from $79 to $53, reinforcing a more cautious stance on the stock’s near-term upside. Alcoa had its "equal weight" rating reaffirmed by Morgan Stanley
• Negative Sentiment: B. Riley Financial also lowered its price target on Alcoa to $80 from $92, even while keeping a Buy rating. The cut adds to the sense that analysts see less room for a sustained move higher in the stock. Alcoa NYSE: AA Price Target Lowered to $80.00 at B. Riley Financial
• Neutral Sentiment: Recent market commentary and analyst-call roundups have kept Alcoa in focus, but the main driver remains the softer outlook for aluminum prices compared with other metals. Here Are Wednesday’s Best Wall Street Analyst Research Calls: Alcoa, Commercial Metals, DTE Energy, Dollar Tree, Occidental Petroleum, PayPal, Pinterest, Snap, Travelers, and More

Analysts Set New Price Targets

A number of brokerages have commented on AA. Zacks Research cut Alcoa from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 12th. Wells Fargo & Company lowered their target price on Alcoa from $82.00 to $71.00 and set an "overweight" rating on the stock in a research report on Thursday, June 25th. Weiss Ratings upgraded Alcoa from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, June 17th. JPMorgan Chase & Co. boosted their price target on shares of Alcoa from $68.00 to $70.00 and gave the company a "neutral" rating in a research note on Thursday, April 9th. Finally, Morgan Stanley restated an "equal weight" rating and set a $53.00 price objective (down from $79.00) on shares of Alcoa in a report on Wednesday. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $64.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd boosted its position in shares of Alcoa by 5,281.8% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company's stock valued at $31,000 after buying an additional 581 shares during the last quarter. Quarry LP raised its position in Alcoa by 96.0% in the 4th quarter. Quarry LP now owns 694 shares of the industrial products company's stock valued at $37,000 after buying an additional 340 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Alcoa in the 3rd quarter valued at $27,000. Smartleaf Asset Management LLC lifted its stake in Alcoa by 64.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 910 shares of the industrial products company's stock valued at $50,000 after acquiring an additional 356 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Alcoa by 91.9% during the 3rd quarter. NewEdge Advisors LLC now owns 1,161 shares of the industrial products company's stock valued at $38,000 after acquiring an additional 556 shares in the last quarter.

Alcoa Company Profile

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company's operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa's product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.

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