B. Riley Has Strong Forecast for Alcoa FY2026 Earnings

Alcoa Co. (NYSE:AA) – Research analysts at B. Riley increased their FY2026 earnings per share estimates for shares of Alcoa in a report issued on Tuesday, November 19th. B. Riley analyst L. Pipes now forecasts that the industrial products company will earn $4.03 per share for the year, up from their prior forecast of $4.02. B. Riley currently has a “Buy” rating and a $50.00 target price on the stock. The consensus estimate for Alcoa’s current full-year earnings is $0.89 per share.

Other equities research analysts also recently issued reports about the company. Argus upgraded Alcoa from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Wednesday, October 23rd. UBS Group boosted their price objective on Alcoa from $40.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. BMO Capital Markets boosted their price objective on Alcoa from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, October 17th. B. Riley Financial restated a “neutral” rating and set a $41.00 price objective on shares of Alcoa in a report on Tuesday, September 17th. Finally, Bank of America upgraded Alcoa from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $43.00 to $52.00 in a report on Tuesday, October 1st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $44.75.

Alcoa Stock Performance

Shares of AA stock opened at $45.74 on Wednesday. The business’s 50-day moving average price is $39.91 and its 200-day moving average price is $37.82. Alcoa has a 12 month low of $23.80 and a 12 month high of $46.55. The firm has a market capitalization of $11.82 billion, a price-to-earnings ratio of -25.99, a PEG ratio of 0.84 and a beta of 2.42. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 0.47.

Alcoa (NYSE:AA) last released its earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.34. The company had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.97 billion. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. Alcoa’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($1.14) EPS.

Alcoa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, October 29th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Tuesday, October 29th. Alcoa’s payout ratio is -22.73%.

Insider Buying and Selling at Alcoa

In other news, EVP Renato Bacchi sold 23,867 shares of the business’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total value of $1,009,335.43. Following the completion of the transaction, the executive vice president now owns 57,317 shares in the company, valued at $2,423,935.93. The trade was a 29.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.08% of the stock is owned by company insiders.

Institutional Trading of Alcoa

Large investors have recently modified their holdings of the company. Mountaineer Partners Management LLC lifted its position in shares of Alcoa by 4,023.0% in the third quarter. Mountaineer Partners Management LLC now owns 10,795,880 shares of the industrial products company’s stock valued at $416,505,000 after acquiring an additional 10,534,036 shares in the last quarter. State Street Corp lifted its position in shares of Alcoa by 23.3% in the third quarter. State Street Corp now owns 9,563,645 shares of the industrial products company’s stock valued at $368,965,000 after acquiring an additional 1,805,915 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Alcoa by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 6,665,106 shares of the industrial products company’s stock valued at $265,132,000 after acquiring an additional 390,930 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Alcoa by 42.0% in the third quarter. Geode Capital Management LLC now owns 4,193,744 shares of the industrial products company’s stock valued at $161,838,000 after acquiring an additional 1,239,479 shares in the last quarter. Finally, ANTIPODES PARTNERS Ltd purchased a new stake in shares of Alcoa in the second quarter worth about $93,061,000. Institutional investors own 82.39% of the company’s stock.

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.