Alcoa (AA) Scheduled to Post Quarterly Earnings on Tuesday
Alcoa (NYSE:AA) is set to post its Q313 quarterly earnings results on Tuesday, October 8th. Analysts expect Alcoa to post earnings of $0.06 per share and revenue of $5.72 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Shares of Alcoa (NYSE:AA) opened at 7.96 on Monday. Alcoa has a one year low of $7.63 and a one year high of $9.37. The stock has a 50-day moving average of $8.07 and a 200-day moving average of $8.20. The company has a market cap of $8.514 billion and a P/E ratio of 66.05.
The company also recently announced a quarterly dividend, which is scheduled for Monday, November 25th. Investors of record on Friday, November 8th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Wednesday, November 6th.
A number of analysts have recently weighed in on AA shares. Analysts at RBC Capital reiterated an “underperform” rating on shares of Alcoa in a research note to investors on Friday. They now have a $9.00 price target on the stock. On the ratings front, analysts at Deutsche Bank downgraded shares of Alcoa from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, October 2nd. They now have a $5.50 price target on the stock, down previously from $9.00. Finally, analysts at Merrill Lynch downgraded shares of Alcoa from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 16th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $8.38.
Alcoa Inc (NYSE:AA) is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined, through its participation in technology, mining, refining, smelting, fabricating, and recycling.
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