Analysts predict that Alcoa Corp (NYSE:AA) will announce ($0.08) earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Alcoa’s earnings. The highest EPS estimate is $0.03 and the lowest is ($0.21). Alcoa reported earnings per share of $0.63 during the same quarter last year, which indicates a negative year-over-year growth rate of 112.7%. The company is scheduled to report its next earnings report on Wednesday, October 16th.
According to Zacks, analysts expect that Alcoa will report full-year earnings of ($0.23) per share for the current financial year, with EPS estimates ranging from ($0.50) to $0.15. For the next fiscal year, analysts forecast that the firm will report earnings of $1.06 per share, with EPS estimates ranging from $0.49 to $1.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Alcoa.
Alcoa (NYSE:AA) last posted its quarterly earnings data on Wednesday, July 17th. The industrial products company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.33. Alcoa had a positive return on equity of 2.78% and a negative net margin of 4.92%. The company had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.77 billion. During the same period in the prior year, the business earned $1.52 earnings per share. Alcoa’s revenue for the quarter was down 24.3% compared to the same quarter last year.
Shares of AA traded down $0.25 during mid-day trading on Tuesday, hitting $19.90. The company’s stock had a trading volume of 174,561 shares, compared to its average volume of 3,723,581. Alcoa has a one year low of $19.54 and a one year high of $45.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.51 and a quick ratio of 0.81. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 5.56 and a beta of 1.34. The business has a 50-day moving average of $22.66.
Institutional investors have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of Alcoa in the second quarter valued at $25,000. Parallel Advisors LLC increased its position in Alcoa by 143.3% in the first quarter. Parallel Advisors LLC now owns 1,000 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 589 shares during the period. TRUE Private Wealth Advisors acquired a new stake in Alcoa in the second quarter worth about $30,000. Farmers National Bank acquired a new stake in Alcoa in the first quarter worth about $32,000. Finally, Penserra Capital Management LLC acquired a new stake in Alcoa in the first quarter worth about $107,000.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Alcoa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcoa and related companies with MarketBeat.com's FREE daily email newsletter.