EPS for Alcoa Corporation (AA) Expected At $1.57

June 17, 2018 - By Nellie Frank

Alcoa Corporation (NYSE:AA) LogoInvestors sentiment decreased to 0 in Q1 2018. Its down 0.67, from 0.67 in 2017Q4. It turned negative, 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 Limited Company (Wy) owns 610 shares or 0.03% of their US portfolio. Gemmer Asset Management Ltd Llc reported 0% stake. Vantage Inv Advsr Ltd Co holds 347 shares. Focused Wealth Mgmt holds 29 shares. Carmignac Gestion, a France-based fund reported 250,000 shares.

Since February 8, 2018, it had 4 insider purchases, and 0 sales for $15.40 million activity. Shares for $33,500 were bought by SCHMIDT ULRICH on Thursday, May 3. 40,300 shares were bought by Hess David P, worth $999,557 on Thursday, February 8. ELLIOTT INTERNATIONAL – L.P. bought $9.77M worth of Alcoa Corporation (NYSE:AA) 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 $292.74 million giving it 7.22 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 5.23% or $2.5 during the last trading session, reaching $45.34. About 4.96 million shares traded or 22.17% up from the average. Alcoa Corporation (NYSE:AA) has risen 44.85% since June 17, 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. The company was downgraded on Tuesday, April 24 by Citigroup. Argus Research maintained it with “Buy” rating and $69 target in Friday, April 20 report. The firm has “Outperform” rating given on Thursday, April 19 by BMO Capital Markets. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, December 20 report. The stock of Alcoa Corporation (NYSE:AA) has “Buy” rating given on Tuesday, December 19 by Morgan Stanley. The stock of Alcoa Corporation (NYSE:AA) has “Buy” rating given on Wednesday, January 17 by BMO Capital Markets. The rating was maintained by Bank of America on Thursday, April 19 with “Buy”. The stock of Alcoa Corporation (NYSE:AA) earned “Buy” rating by Credit Suisse on Thursday, January 18. The company was maintained on Monday, April 9 by Cowen & Co. Morgan Stanley maintained the shares of AA in report on Tuesday, April 24 with “Overweight” rating.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company has market cap of $8.45 billion. It operates through six divisions, Bauxite, Alumina, Aluminum, Cast Products, Energy, and Rolled Products. It has a 59.74 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: “First EU steel safeguard measures could come in July” on June 04, 2018. Seekingalpha.com‘s article titled: “US-EU hold tariff talks before deadline” and published on May 30, 2018 is yet another important article.

Alcoa Corporation (NYSE:AA) Ratings Chart

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