Alcoa (AA) Projected to Post Earnings on Wednesday

Alcoa (NYSE:AA) will likely be posting its quarterly earnings results 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 that wish to listen to the company’s earnings conference call can do so using this link.

Alcoa Stock Up 1.7 %

Shares of NYSE AA opened at $39.57 on Tuesday. Alcoa has a 12-month low of $24.86 and a 12-month high of $47.77. The company has a market capitalization of $10.22 billion, a PE ratio of -22.49, a price-to-earnings-growth ratio of 0.16 and a beta of 2.47. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.80. The firm’s 50-day moving average is $40.62 and its two-hundred day moving average is $37.72.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on AA shares. JPMorgan Chase & Co. upped their price objective on shares of Alcoa from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Bank of America upped their price objective on shares of Alcoa to $58.00 and gave the company a “buy” rating in a research note on Thursday, November 28th. Argus raised shares of Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Wednesday, October 23rd. UBS Group upped their price objective on shares of Alcoa from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, B. Riley raised shares of Alcoa from a “neutral” rating to a “buy” rating and upped their price objective for the company from $41.00 to $50.00 in a research note on Thursday, October 17th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Alcoa currently has a consensus rating of “Moderate Buy” and a consensus price target 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.