Alcoa (NYSE:AA) Releases Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Alcoa (NYSE:AA) posted its quarterly earnings data on Wednesday. The industrial products company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.13, Zacks reports. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%.

Alcoa Stock Up 0.4 %

Shares of NYSE:AA traded up $0.17 on Wednesday, reaching $38.78. The company had a trading volume of 8,632,820 shares, compared to its average volume of 4,771,510. Alcoa has a 52-week low of $24.86 and a 52-week high of $47.77. The firm’s 50 day simple moving average is $40.58 and its 200-day simple moving average is $37.69. The firm has a market capitalization of $10.02 billion, a PE ratio of -22.03, a PEG ratio of 0.17 and a beta of 2.47. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47.

Wall Street Analyst Weigh In

AA has been the topic of several recent analyst reports. Bank of America increased their price target on Alcoa to $58.00 and gave the stock a “buy” rating in a report on Thursday, November 28th. Jefferies Financial Group reduced their price target on Alcoa from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Argus upgraded Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Wednesday, October 23rd. StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. raised their price objective on Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.36.

Alcoa Company Profile

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.