Equities research analysts expect Alcoa Corp (NYSE:AA) to report earnings of $1.24 per share for the current quarter, according to Zacks. Two analysts have made estimates for Alcoa’s earnings, with the lowest EPS estimate coming in at $1.07 and the highest estimate coming in at $1.49. Alcoa posted earnings per share of $0.14 during the same quarter last year, which indicates a positive year-over-year growth rate of 785.7%. The business is expected to issue its next quarterly earnings results on Tuesday, January 23rd.

On average, analysts expect that Alcoa will report full-year earnings of $3.20 per share for the current year, with EPS estimates ranging from $3.04 to $3.46. For the next financial year, analysts expect that the company will report earnings of $3.80 per share, with EPS estimates ranging from $3.00 to $5.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Alcoa.

Alcoa (NYSE:AA) last posted its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.77 by ($0.05). The business had revenue of $2.96 billion for the quarter, compared to analysts’ expectations of $2.95 billion. Alcoa had a return on equity of 4.90% and a net margin of 2.61%. The company’s revenue was up 27.3% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share.

Several research analysts recently commented on the stock. J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $60.00 target price on shares of Alcoa in a research note on Thursday, October 19th. Zacks Investment Research downgraded shares of Alcoa from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Berenberg Bank downgraded shares of Alcoa from a “buy” rating to a “hold” rating and lifted their target price for the stock from $41.00 to $44.00 in a research note on Friday, September 22nd. Credit Suisse Group assumed coverage on shares of Alcoa in a research note on Wednesday, August 9th. They issued a “neutral” rating and a $42.00 target price on the stock. Finally, Gabelli downgraded shares of Alcoa from a “buy” rating to a “hold” rating and lifted their target price for the stock from $57.00 to $60.00 in a research note on Wednesday, October 4th. Five research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $49.88.

A number of large investors have recently added to or reduced their stakes in the stock. State of Wisconsin Investment Board boosted its holdings in shares of Alcoa by 9.5% during the 2nd quarter. State of Wisconsin Investment Board now owns 146,169 shares of the industrial products company’s stock valued at $4,772,000 after buying an additional 12,650 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Alcoa by 14.3% during the 2nd quarter. Rhumbline Advisers now owns 172,839 shares of the industrial products company’s stock valued at $5,643,000 after buying an additional 21,642 shares in the last quarter. Elliott Management Corp boosted its holdings in shares of Alcoa by 14.7% during the 2nd quarter. Elliott Management Corp now owns 11,737,457 shares of the industrial products company’s stock valued at $383,228,000 after buying an additional 1,500,000 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of Alcoa during the 2nd quarter valued at $10,324,000. Finally, Commonwealth Bank of Australia boosted its holdings in shares of Alcoa by 45.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 82,593 shares of the industrial products company’s stock valued at $2,696,000 after buying an additional 25,700 shares in the last quarter.

Alcoa (NYSE:AA) traded down $0.61 during mid-day trading on Wednesday, hitting $41.18. 2,855,500 shares of the company’s stock traded hands, compared to its average volume of 4,132,924. The stock has a market capitalization of $7,570.00 and a P/E ratio of 19.81. Alcoa has a 52-week low of $28.01 and a 52-week high of $50.31. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.38 and a quick ratio of 0.90.

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Alcoa Company Profile

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The Company is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling.

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Earnings History and Estimates for Alcoa (NYSE:AA)

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