Analysts See $1.57 EPS for Alcoa Corporation (AA)

June 14, 2018 - By Alfred Lee

Alcoa Corporation (NYSE:AA) LogoInvestors sentiment decreased to 0 in Q1 2018. Its down 0.67, from 0.67 in 2017Q4. It fall, 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.
Cypress Cap Mgmt Ltd Liability Corporation (Wy) invested 0.03% in Alcoa Corporation (NYSE:AA). Gemmer Asset Limited holds 0% or 42 shares in its portfolio. Focused Wealth Mngmt holds 29 shares or 0% of its portfolio. Carmignac Gestion, a France-based fund reported 250,000 shares. Vantage Inv Advsr Limited Liability Corp stated it has 347 shares or 0% of all its holdings.

Since February 8, 2018, it had 4 insider buys, and 0 insider sales for $15.40 million activity. ELLIOTT INTERNATIONAL – L.P. bought $9.77M worth of stock or 544,000 shares. The insider SCHMIDT ULRICH bought $33,500. The insider Hess David P bought $999,557.

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 7.62 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 1.05% or $0.51 during the last trading session, reaching $47.84. About 2.17 million shares traded. Alcoa Corporation (NYSE:AA) has risen 44.85% since June 15, 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. Argus Research maintained it with “Buy” rating and $69 target in Friday, April 20 report. The stock of Alcoa Corporation (NYSE:AA) has “Hold” rating given on Monday, April 9 by Cowen & Co. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, April 19. Morgan Stanley maintained it with “Overweight” rating and $60 target in Tuesday, April 24 report. On Monday, April 9 the stock rating was maintained by Citigroup with “Buy”. Morgan Stanley maintained Alcoa Corporation (NYSE:AA) on Tuesday, December 19 with “Buy” rating. The rating was maintained by Credit Suisse with “Outperform” on Thursday, April 19. The rating was maintained by Credit Suisse with “Buy” on Thursday, January 18. Credit Suisse upgraded Alcoa Corporation (NYSE:AA) on Wednesday, December 20 to “Outperform” rating. The stock has “Buy” rating by J.P. Morgan on Monday, February 5.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company has market cap of $8.92 billion. It operates through six divisions, Bauxite, Alumina, Aluminum, Cast Products, Energy, and Rolled Products. It has a 41.24 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

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