Analysts Expect Alcoa Corp (NYSE:AA) Will Announce Quarterly Sales of $2.50 Billion

Share on StockTwits

Equities research analysts forecast that Alcoa Corp (NYSE:AA) will post $2.50 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Alcoa’s earnings. The lowest sales estimate is $2.47 billion and the highest is $2.54 billion. Alcoa reported sales of $3.34 billion during the same quarter last year, which indicates a negative year over year growth rate of 25.1%. The business is expected to report its next earnings report on Wednesday, January 15th.

According to Zacks, analysts expect that Alcoa will report full year sales of $10.84 billion for the current financial year, with estimates ranging from $10.47 billion to $11.89 billion. For the next year, analysts anticipate that the firm will report sales of $10.85 billion, with estimates ranging from $10.30 billion to $11.70 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Alcoa.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, October 16th. The industrial products company reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.35) by ($0.09). Alcoa had a negative return on equity of 0.03% and a negative net margin of 6.87%. The company had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the firm earned $0.63 earnings per share. The business’s revenue was down 24.3% compared to the same quarter last year.

AA has been the subject of a number of analyst reports. Bank of America reissued a “neutral” rating and issued a $20.00 price target (down from $25.00) on shares of Alcoa in a report on Friday, August 16th. Gabelli cut Alcoa from a “buy” rating to a “hold” rating in a report on Monday. JPMorgan Chase & Co. cut their price target on Alcoa from $44.00 to $26.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. BMO Capital Markets set a $35.00 price target on Alcoa and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, ValuEngine raised Alcoa from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $28.25.

Institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC acquired a new position in Alcoa in the second quarter valued at $25,000. TRUE Private Wealth Advisors purchased a new stake in Alcoa during the second quarter valued at about $30,000. Cerebellum GP LLC purchased a new stake in Alcoa during the third quarter valued at about $127,000. Quantamental Technologies LLC purchased a new stake in Alcoa during the second quarter valued at about $74,000. Finally, Van ECK Associates Corp grew its position in Alcoa by 24.8% during the second quarter. Van ECK Associates Corp now owns 4,538 shares of the industrial products company’s stock valued at $106,000 after acquiring an additional 901 shares during the period.

Shares of NYSE AA traded down $1.07 during trading on Wednesday, reaching $20.47. The company had a trading volume of 6,354,227 shares, compared to its average volume of 3,717,672. Alcoa has a twelve month low of $16.46 and a twelve month high of $39.76. The stock has a market capitalization of $3.77 billion, a PE ratio of 5.72 and a beta of 1.47. The stock has a 50-day moving average price of $20.28 and a two-hundred day moving average price of $22.39. The company has a current ratio of 1.48, a quick ratio of 0.81 and a debt-to-equity ratio of 0.28.

Alcoa Company Profile

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.

Read More: FAANG Stocks

Get a free copy of the Zacks research report on Alcoa (AA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Alcoa (NYSE:AA)

Receive News & Ratings for Alcoa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcoa and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Eutelsat Communications  Hits New 12-Month Low at $16.21
Eutelsat Communications Hits New 12-Month Low at $16.21
Global SuperDividend US ETF  Increases Dividend to $0.16 Per Share
Global SuperDividend US ETF Increases Dividend to $0.16 Per Share
Invesco Van Kampen High Income Trust II  Announces $0.10 Monthly Dividend
Invesco Van Kampen High Income Trust II Announces $0.10 Monthly Dividend
Nexpoint Strategic Opportunities Fund  Announces $0.20 Monthly Dividend
Nexpoint Strategic Opportunities Fund Announces $0.20 Monthly Dividend
Nuveen California Quality Muncpl IncmFnd  Declares $0.05 Monthly Dividend
Nuveen California Quality Muncpl IncmFnd Declares $0.05 Monthly Dividend
Inspire Medical Systems  Reaches New 1-Year High at $72.32
Inspire Medical Systems Reaches New 1-Year High at $72.32


© 2006-2019 Ticker Report