Alcoa (NYSE:AA) Issues Quarterly Earnings Results

Alcoa (NYSE:AA - Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.73 by $0.42, Zacks reports. Alcoa had a net margin of 0.50% and a return on equity of 5.54%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $3.58 billion.

Alcoa Stock Performance

Shares of NYSE:AA traded up $0.07 on Monday, reaching $23.39. 7,068,470 shares of the company's stock were exchanged, compared to its average volume of 5,417,483. The company has a current ratio of 1.45, a quick ratio of 0.86 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 fifty day moving average of $30.80 and a 200-day moving average of $36.82. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of -146.19, a PEG ratio of 0.19 and a beta of 2.28.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Tuesday, March 4th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Tuesday, March 4th. Alcoa's dividend payout ratio is 12.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on AA shares. HC Wainwright upped their price target on Alcoa to $90.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price target on shares of Alcoa from $28.00 to $25.00 and set a "neutral" rating on the stock in a research note on Thursday. UBS Group dropped their price objective on shares of Alcoa from $47.00 to $32.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. B. Riley lowered their target price on shares of Alcoa from $44.00 to $43.00 and set a "buy" rating on the stock in a research note on Thursday. Q1 EBITDA beat expectations, Q2 EBITDA estimate raised to 439M from 351M Finally, Jefferies Financial Group dropped their price target on shares of Alcoa from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $44.17.

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.