Alcoa (AA) to Release Quarterly Earnings on Wednesday

Alcoa (NYSE:AA) is anticipated to release its earnings data after the market closes on Wednesday, January 22nd. Analysts expect Alcoa to post earnings of $0.91 per share and revenue of $3,447,770.61 billion for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Alcoa Price Performance

Alcoa stock opened at $39.57 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.80 and a current ratio of 1.41. Alcoa has a one year low of $24.86 and a one year high of $47.77. The company has a market cap of $10.22 billion, a P/E ratio of -22.49, a price-to-earnings-growth ratio of 0.16 and a beta of 2.47. The business has a fifty day moving average of $40.70 and a two-hundred day moving average of $37.73.

Insider Buying and Selling

In other news, EVP Renato Bacchi sold 23,867 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the completion of the sale, the executive vice president now directly owns 57,317 shares in the company, valued at $2,423,935.93. This represents a 29.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.08% of the stock is currently owned by company insiders.

Analyst Ratings Changes

AA has been the subject of several research analyst reports. B. Riley raised Alcoa from a “neutral” rating to a “buy” rating and raised their price objective for the company from $41.00 to $50.00 in a research note on Thursday, October 17th. UBS Group boosted their price objective on shares of Alcoa from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Jefferies Financial Group dropped their target price on shares of Alcoa from $50.00 to $45.00 and set a “buy” rating for the company in a report on Monday, January 6th. StockNews.com raised shares of Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, BMO Capital Markets raised their price objective on shares of Alcoa to $43.00 and gave the stock a “hold” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Alcoa presently has an average rating of “Moderate Buy” and a consensus price target of $46.36.

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.