Alcoa (NYSE:AA) announced its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.23) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.06), Bloomberg Earnings reports. Alcoa had a negative net margin of 0.94% and a positive return on equity of 6.71%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the company posted $0.77 earnings per share. The company’s revenue was down 12.0% compared to the same quarter last year.
AA opened at $24.81 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.42 and a quick ratio of 0.85. Alcoa has a twelve month low of $23.88 and a twelve month high of $54.51. The stock has a market capitalization of $4.60 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 5.78 and a beta of 1.04.
A number of institutional investors have recently made changes to their positions in AA. Parallel Advisors LLC lifted its position in Alcoa by 143.3% during the first quarter. Parallel Advisors LLC now owns 1,000 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 589 shares during the last quarter. Farmers National Bank bought a new stake in shares of Alcoa in the 1st quarter worth approximately $32,000. We Are One Seven LLC bought a new stake in shares of Alcoa in the 4th quarter worth approximately $35,000. Financial Architects Inc lifted its holdings in shares of Alcoa by 2,970.3% in the 4th quarter. Financial Architects Inc now owns 3,101 shares of the industrial products company’s stock worth $82,000 after acquiring an additional 3,000 shares during the last quarter. Finally, IMS Capital Management bought a new stake in shares of Alcoa in the 3rd quarter worth approximately $87,000.
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Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.
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