Alcoa Inc. (NYSE:AA) will issue its Q316 quarterly earnings data on Tuesday, October 11th. Analysts expect the company to announce earnings of $0.11 per share and revenue of $5.30 billion for the quarter.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Monday, July 11th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.06. Alcoa had a negative net margin of 1.45% and a positive return on equity of 3.44%. The firm earned $5.30 billion during the quarter. During the same period in the previous year, the business posted $0.19 EPS. The firm’s revenue was down 10.2% on a year-over-year basis. On average, analysts expect Alcoa to post $0.44 EPS for the current fiscal year and $0.57 EPS for the next fiscal year.

Earnings History for Alcoa (NYSE:AA)

Alcoa Inc. (NYSE:AA) opened at 31.78 on Friday. The company’s market cap is $41.80 billion. Alcoa Inc. has a one year low of $18.42 and a one year high of $34.50. The company has a 50 day moving average of $29.91 and a 200-day moving average of $29.81.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 25th. Investors of record on Friday, November 4th will be given a dividend of $0.03 per share. The ex-dividend date is Wednesday, November 2nd. This represents a $0.12 dividend on an annualized basis and a yield of 0.38%. Alcoa’s payout ratio is presently -42.86%.

In related news, Director Ulrich Schmidt bought 5,000 shares of the stock in a transaction dated Wednesday, July 20th. The stock was acquired at an average price of $10.40 per share, for a total transaction of $52,000.00. Following the acquisition, the director now owns 10,000 shares in the company, valued at approximately $104,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several hedge funds and other institutional investors have recently modified their holdings of AA. WFG Advisors LP boosted its position in shares of Alcoa by 1.2% in the second quarter. WFG Advisors LP now owns 24,431 shares of the company’s stock valued at $226,000 after buying an additional 300 shares during the last quarter. Marshall Wace LLP boosted its position in shares of Alcoa by 118.1% in the second quarter. Marshall Wace LLP now owns 25,777 shares of the company’s stock valued at $239,000 after buying an additional 13,959 shares during the last quarter. Ameritas Investment Partners Inc. boosted its position in shares of Alcoa by 6.5% in the second quarter. Ameritas Investment Partners Inc. now owns 25,999 shares of the company’s stock valued at $241,000 after buying an additional 1,598 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Alcoa by 4,270.5% in the second quarter. Bank of Nova Scotia now owns 26,179 shares of the company’s stock valued at $243,000 after buying an additional 25,580 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of Alcoa by 9.1% in the second quarter. Pacer Advisors Inc. now owns 26,324 shares of the company’s stock valued at $244,000 after buying an additional 2,202 shares during the last quarter.

AA has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Alcoa from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday. Morgan Stanley reiterated a “buy” rating and issued a $12.00 target price on shares of Alcoa in a report on Tuesday, August 16th. Credit Suisse Group AG reiterated a “buy” rating on shares of Alcoa in a report on Tuesday, July 12th. Berenberg Bank reiterated a “hold” rating and issued a $9.00 target price on shares of Alcoa in a report on Thursday, June 30th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Alcoa in a report on Friday, June 17th. Nine analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $11.10.

Alcoa Company Profile

Alcoa Inc is engaged in lightweight metals engineering and manufacturing. The Company operates in five segments: Alumina, Primary Metals, Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. The Company’s multi-material products, which include aluminum, titanium and nickel, are used across the world in aerospace, automobiles, commercial transportation, packaging, building and construction, defense, consumer electronics, oil and gas, and industrial applications.

5 Day Chart for NYSE:AA

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