Alcoa (NYSE:AA – Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.34, Briefing.com reports. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Alcoa had a negative return on equity of 7.29% and a negative net margin of 5.14%. The company’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.14) EPS.
Alcoa Price Performance
Alcoa stock opened at $40.33 on Friday. The stock has a 50-day moving average price of $34.74 and a two-hundred day moving average price of $36.74. Alcoa has a 12 month low of $23.07 and a 12 month high of $45.48. The company has a market capitalization of $7.24 billion, a PE ratio of -10.73 and a beta of 2.42. The company has a current ratio of 1.55, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46.
Alcoa Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Tuesday, October 29th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, October 29th. This represents a $0.40 dividend on an annualized basis and a yield of 0.99%. Alcoa’s payout ratio is presently -10.64%.
Analyst Ratings Changes
View Our Latest Stock Analysis on AA
About Alcoa
Alcoa Corporation, together with its subsidiaries, produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Iceland, Norway, Brazil, Canada, and internationally. The company operates through two segments, Alumina and Aluminum. It engages in bauxite mining operations; and processes bauxite into alumina and sells it to customers who process it into industrial chemical products, as well as aluminum smelting and casting businesses.
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