Alcoa (NYSE:AA) Issues Quarterly Earnings Results

Alcoa (NYSE:AA) announced its earnings results on Wednesday. The industrial products company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.13, Zacks reports. Alcoa had a negative net margin of 2.65% and a negative return on equity of 1.45%.

Alcoa Stock Performance

Shares of AA stock opened at $37.33 on Friday. The firm has a market capitalization of $9.64 billion, a PE ratio of -21.21, a P/E/G ratio of 0.16 and a beta of 2.47. The company has a 50 day moving average price of $40.46 and a 200-day moving average price of $37.69. Alcoa has a 52 week low of $24.86 and a 52 week high of $47.77. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 0.47.

Analyst Ratings Changes

A number of equities research analysts have weighed in on AA shares. Argus upgraded shares of 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. Bank of America upped their price target on Alcoa to $58.00 and gave the stock a “buy” rating in a research note on Thursday, November 28th. BMO Capital Markets lifted their price objective on Alcoa to $43.00 and gave the company a “hold” rating in a research note on Friday, January 17th. StockNews.com upgraded Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Alcoa from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Four equities 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 an average rating of “Moderate Buy” and a consensus target price 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.