$1.57 EPS Expected for Alcoa Corporation (AA)

June 13, 2018 - By Louis Casey

Alcoa Corporation (NYSE:AA) LogoInvestors sentiment decreased to 0 in Q1 2018. Its down 0.67, from 0.67 in 2017Q4. It worsened, as 2 investors sold Alcoa Corporation shares while 2 reduced holdings. 0 funds opened positions while 0 raised stakes. 251,028 shares or 61.08% less from 644,941 shares in 2017Q4 were reported.
Carmignac Gestion holds 250,000 shares or 0.08% of its portfolio. Focused Wealth Management invested 0% in Alcoa Corporation (NYSE:AA). Cypress Cap Management Ltd (Wy) accumulated 0.03% or 610 shares. Vantage Invest Advsrs Limited Liability, Pennsylvania-based fund reported 347 shares. Gemmer Asset Limited Liability Com invested in 42 shares.

Since February 8, 2018, it had 4 buys, and 0 insider sales for $15.40 million activity. On Tuesday, May 15 the insider ELLIOTT ASSOCIATES – L.P. bought $4.60 million. 2,000 shares were bought by SCHMIDT ULRICH, worth $33,500 on Thursday, May 3. 544,000 shares were bought by ELLIOTT INTERNATIONAL – L.P., worth $9.77M on Tuesday, May 15.

Analysts expect Alcoa Corporation (NYSE:AA) to report $1.57 EPS on July, 18.They anticipate $0.95 EPS change or 153.23 % from last quarter’s $0.62 EPS. AA’s profit would be $292.73M giving it 7.70 P/E if the $1.57 EPS is correct. After having $0.77 EPS previously, Alcoa Corporation’s analysts see 103.90 % EPS growth. The stock decreased 1.91% or $0.94 during the last trading session, reaching $48.35. About 1.72 million shares traded. Alcoa Corporation (NYSE:AA) has risen 44.85% since June 14, 2017 and is uptrending. It has outperformed by 32.28% the S&P500.

Alcoa Corporation (NYSE:AA) Ratings Coverage

Among 12 analysts covering Alcoa Inc (NYSE:AA), 9 have Buy rating, 0 Sell and 3 Hold. Therefore 75% are positive. Alcoa Inc had 20 analyst reports since December 19, 2017 according to SRatingsIntel. Citigroup maintained it with “Buy” rating and $57 target in Monday, April 9 report. The firm has “Buy” rating given on Thursday, April 19 by Bank of America. The stock of Alcoa Corporation (NYSE:AA) earned “Buy” rating by BMO Capital Markets on Wednesday, January 17. The firm has “Buy” rating by CFRA given on Thursday, January 18. On Monday, February 5 the stock rating was maintained by J.P. Morgan with “Buy”. The stock has “Outperform” rating by Credit Suisse on Thursday, April 19. Credit Suisse maintained the stock with “Buy” rating in Thursday, January 18 report. Cowen & Co maintained Alcoa Corporation (NYSE:AA) on Thursday, April 19 with “Hold” rating. The company was maintained on Thursday, January 18 by Bank of America. The rating was maintained by Cowen & Co with “Hold” on Monday, April 9.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company has market cap of $9.02 billion. It operates through six divisions, Bauxite, Alumina, Aluminum, Cast Products, Energy, and Rolled Products. It has a 41.68 P/E ratio. The firm also offers aluminum cast products; and aluminum sheets for the production of cans for beverage, food, and pet food.

More news for Alcoa Corporation (NYSE:AA) were recently published by: Seekingalpha.com, which released: “US-EU hold tariff talks before deadline” on May 30, 2018. Seekingalpha.com‘s article titled: “First EU steel safeguard measures could come in July” and published on June 04, 2018 is yet another important article.

Alcoa Corporation (NYSE:AA) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: