Research Analysts Set Expectations for Alcoa FY2026 Earnings

Alcoa (NYSE:AA - Free Report) - Analysts at B. Riley increased their FY2026 earnings per share estimates for Alcoa in a research note issued on Tuesday, June 24th. B. Riley analyst N. Giles now forecasts that the industrial products company will post earnings of $2.82 per share for the year, up from their prior estimate of $2.64. B. Riley has a "Buy" rating and a $38.00 price objective 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 released its quarterly earnings data on Wednesday, April 16th. The industrial products company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.42. Alcoa had a net margin of 6.79% and a return on equity of 18.56%. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $3.58 billion.

Other research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of Alcoa from a "buy" rating to a "hold" rating in a research note on Sunday. Bank of America reiterated an "underperform" rating and issued a $26.00 price target (down previously from $58.00) on shares of Alcoa in a research note on Tuesday, April 8th. Barclays lifted their price objective on Alcoa to $31.00 and gave the stock a "hold" rating in a report on Friday, May 16th. HC Wainwright raised their price target on shares of Alcoa to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Alcoa from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Alcoa has an average rating of "Hold" and a consensus target price of $42.33.

Alcoa Stock Up 6.2%

Shares of NYSE:AA traded up $1.74 during mid-day trading on Wednesday, hitting $29.91. 6,450,986 shares of the company traded hands, compared to its average volume of 5,610,657. The firm's 50 day simple moving average is $27.14 and its 200 day simple moving average is $31.87. The firm has a market cap of $7.74 billion, a P/E ratio of 9.01, a PEG ratio of 0.16 and a beta of 2.26. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.00 and a current ratio of 1.71. Alcoa has a 52-week low of $21.53 and a 52-week high of $47.77.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, May 20th. Alcoa's dividend payout ratio is currently 12.05%.

Hedge Funds Weigh In On Alcoa

Several hedge funds have recently made changes to their positions in AA. Bessemer Group Inc. lifted its position in shares of Alcoa by 77.1% in the 4th quarter. Bessemer Group Inc. now owns 680 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 296 shares in the last quarter. Versant Capital Management Inc raised its stake in Alcoa by 134.7% during the 1st quarter. Versant Capital Management Inc now owns 906 shares of the industrial products company's stock valued at $28,000 after purchasing an additional 520 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Alcoa during the 4th quarter valued at $29,000. Point72 Hong Kong Ltd purchased a new stake in shares of Alcoa in the fourth quarter valued at $36,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Alcoa by 59.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,051 shares of the industrial products company's stock valued at $39,000 after purchasing an additional 393 shares in the last quarter.

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.