NYSE:AAAlcoa Stock Price, Forecast & News

Alcoa's stock was trading at $9.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, AA stock has increased by 15.0% and is now trading at $10.58. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alcoa in the last year. There are currently 11 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Alcoa.

Alcoa is scheduled to release its next quarterly earnings announcement on Wednesday, July 15th 2020. View our earnings forecast for Alcoa.

Alcoa will be holding an earnings conference call on Wednesday, July 15th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Alcoa Corp (NYSE:AA) issued its quarterly earnings data on Wednesday, April, 22nd. The industrial products company reported ($0.23) earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.29) by $0.06. The industrial products company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.37 billion. Alcoa had a negative return on equity of 2.93% and a negative net margin of 8.38%. The firm's quarterly revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.23) earnings per share. View Alcoa's earnings history.

Alcoa declared that its board has approved a stock repurchase program on Wednesday, October 17th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 2.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its shares are undervalued.

Alcoa issued an update on its second quarter 2020 Pre-Market earnings guidance on Wednesday, July, 8th. The company provided earnings per share (EPS) guidance of -0.08-0.00 for the period, compared to the Thomson Reuters consensus estimate of $-0.54. The company issued revenue guidance of $2.1-2.175 billion, compared to the consensus revenue estimate of $2.09 billion.

14 equities research analysts have issued twelve-month target prices for Alcoa's stock. Their forecasts range from $8.00 to $25.00. On average, they expect Alcoa's stock price to reach $16.34 in the next year. This suggests a possible upside of 54.4% from the stock's current price. View analysts' price targets for Alcoa.

News headlines about AA stock have trended negative on Thursday, InfoTrie reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Alcoa earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave headlines about the industrial products company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Alcoa.

Alcoa saw a increase in short interest in June. As of June 15th, there was short interest totaling 11,800,000 shares, an increase of 6.8% from the May 31st total of 11,050,000 shares. Based on an average trading volume of 9,930,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 6.4% of the company's shares are short sold. View Alcoa's Current Options Chain.

Some companies that are related to Alcoa include A. O. Smith (AOS), Tenaris (TS), TORAY INDUSTRIE/ADR (TRYIY), AptarGroup (ATR), DAI NIPPON PRTG/S (DNPLY), Cimic Group (CIM), KION GRP AG/ADR (KIGRY), Hubbell (HUBB), ASAHI GLASS/ADR (ASGLY), Pentair (PNR), GEA Group Aktiengesellschaft (GEAGY), Reliance Steel & Aluminum (RS), HITACHI CONSTR/ADR (HTCMY), Donaldson (DCI) and ADT (ADT). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alcoa investors own include Bank of America (BAC), Ford Motor (F), Micron Technology (MU), General Electric (GE), Alibaba Group (BABA), Intel (INTC), Advanced Micro Devices (AMD), AT&T (T), Arconic (ARNC) and NVIDIA (NVDA).

Alcoa trades on the New York Stock Exchange (NYSE) under the ticker symbol "AA."

Alcoa's stock is owned by a number of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.01%). View institutional ownership trends for Alcoa.

AA stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. View insider buying and selling activity for Alcoa.

Shares of AA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of AA stock can currently be purchased for approximately $10.58.

Alcoa has a market capitalization of $1.97 billion and generates $10.43 billion in revenue each year. The industrial products company earns $-1,125,000,000.00 in net income (profit) each year or ($0.99) on an earnings per share basis. Alcoa employs 13,800 workers across the globe.

The official website for Alcoa is www.alcoa.com.

Alcoa's mailing address is 201 ISABELLA STREET SUITE 500, PITTSBURGH PA, 15212. The industrial products company can be reached via phone at 412-315-2900 or via email at [email protected]