Equities Analysts Issue Forecasts for Alcoa FY2026 Earnings

Alcoa (NYSE:AA - Free Report) - Stock analysts at B. Riley cut their FY2026 earnings per share estimates for Alcoa in a research report issued to clients and investors on Tuesday, July 22nd. B. Riley analyst N. Giles now anticipates that the industrial products company will post earnings per share of $2.51 for the year, down from their previous estimate of $2.56. B. Riley currently has a "Buy" rating and a $37.00 price target on the stock. The consensus estimate for Alcoa's current full-year earnings is $4.43 per share.

Alcoa (NYSE:AA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The industrial products company reported $0.39 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.10. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $2.96 billion. Alcoa had a net margin of 7.86% and a return on equity of 19.27%. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS.

A number of other analysts have also weighed in on the company. Morgan Stanley reduced their target price on Alcoa from $40.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, July 18th. Bank of America raised their price target on shares of Alcoa from $26.00 to $27.00 and gave the stock an "underperform" rating in a research note on Thursday, July 17th. Wall Street Zen cut shares of Alcoa from a "buy" rating to a "hold" rating in a research report on Sunday, June 22nd. Barclays upped their target price on shares of Alcoa to $31.00 and gave the stock a "hold" rating in a research note on Friday, May 16th. Finally, Citigroup upgraded Alcoa to a "buy" rating and set a $42.00 price target for the company in a report on Tuesday, July 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Alcoa currently has an average rating of "Hold" and a consensus price target of $41.23.

Alcoa Trading Down 0.7%

Shares of NYSE:AA traded down $0.23 during trading on Wednesday, hitting $31.88. The company had a trading volume of 6,441,221 shares, compared to its average volume of 6,021,854. The stock has a market cap of $8.25 billion, a price-to-earnings ratio of 8.32, a price-to-earnings-growth ratio of 0.19 and a beta of 2.25. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.65 and a quick ratio of 0.97. The company has a fifty day simple moving average of $29.18 and a two-hundred day simple moving average of $30.73. Alcoa has a one year low of $21.53 and a one year high of $47.77.

Alcoa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Tuesday, May 20th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 1.25%. Alcoa's dividend payout ratio is presently 10.44%.

Institutional Trading of Alcoa

A number of institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Alcoa by 61.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,914 shares of the industrial products company's stock worth $516,000 after buying an additional 6,447 shares during the period. GAMMA Investing LLC grew its stake in Alcoa by 58.8% during the 1st quarter. GAMMA Investing LLC now owns 2,298 shares of the industrial products company's stock valued at $70,000 after purchasing an additional 851 shares during the last quarter. Drummond Knight Asset Management Pty Ltd acquired a new position in shares of Alcoa in the fourth quarter valued at about $19,646,000. Corient Private Wealth LLC increased its holdings in shares of Alcoa by 4.6% in the fourth quarter. Corient Private Wealth LLC now owns 21,602 shares of the industrial products company's stock valued at $816,000 after purchasing an additional 948 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in shares of Alcoa by 630.4% during the first quarter. SG Americas Securities LLC now owns 28,955 shares of the industrial products company's stock worth $883,000 after purchasing an additional 24,991 shares during the period. 82.39% of the stock is currently owned by institutional investors.

About Alcoa

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.