FY2025 EPS Estimates for Alcoa Co. (NYSE:AA) Lifted by B. Riley

Alcoa Co. (NYSE:AA) – Analysts at B. Riley boosted their FY2025 earnings estimates for Alcoa in a research report issued to clients and investors on Thursday, April 18th. B. Riley analyst L. Pipes now expects that the industrial products company will earn $1.64 per share for the year, up from their previous forecast of $1.62. B. Riley has a “Neutral” rating and a $31.00 price objective on the stock. The consensus estimate for Alcoa’s current full-year earnings is $0.33 per share.

Other analysts also recently issued reports about the stock. Jefferies Financial Group upped their price objective on shares of Alcoa from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Alcoa from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, January 18th. Bank of America lifted their price objective on Alcoa from $31.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, March 18th. UBS Group increased their target price on Alcoa from $27.00 to $32.00 and gave the company a “sell” rating in a research note on Friday. Finally, BMO Capital Markets lifted their price target on Alcoa from $35.00 to $37.00 and gave the stock a “market perform” rating in a research report on Thursday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $32.96.

Alcoa Stock Performance

Shares of Alcoa stock opened at $35.48 on Friday. Alcoa has a 12-month low of $23.07 and a 12-month high of $42.23. The company has a quick ratio of 0.74, a current ratio of 1.45 and a debt-to-equity ratio of 0.30. The stock has a 50 day moving average price of $30.97 and a two-hundred day moving average price of $29.02.

Alcoa (NYSE:AA) last issued its quarterly earnings data on Wednesday, April 17th. The industrial products company reported ($0.81) EPS for the quarter, missing analysts’ consensus estimates of ($0.62) by ($0.19). Alcoa had a negative net margin of 6.41% and a negative return on equity of 8.30%. The company had revenue of $2.60 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same period in the prior year, the company posted ($0.23) EPS. The business’s revenue was down 2.7% on a year-over-year basis.

Institutional Investors Weigh In On Alcoa

A number of hedge funds have recently made changes to their positions in AA. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its stake in shares of Alcoa by 4,737.1% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,578,275 shares of the industrial products company’s stock valued at $208,174,000 after acquiring an additional 4,483,625 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Alcoa in the 1st quarter valued at about $318,670,000. Norges Bank bought a new position in shares of Alcoa in the fourth quarter worth about $128,592,000. Voloridge Investment Management LLC grew its stake in shares of Alcoa by 178.0% during the fourth quarter. Voloridge Investment Management LLC now owns 2,410,104 shares of the industrial products company’s stock valued at $81,944,000 after purchasing an additional 1,543,244 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Alcoa during the third quarter valued at approximately $39,557,000.

Insider Buying and Selling at Alcoa

In other news, EVP Tammi A. Jones sold 26,468 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $30.78, for a total transaction of $814,685.04. Following the completion of the transaction, the executive vice president now directly owns 41,166 shares of the company’s stock, valued at approximately $1,267,089.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, March 4th. This represents a $0.40 dividend on an annualized basis and a yield of 1.13%. Alcoa’s dividend payout ratio is currently -10.64%.

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.