B. Riley Weighs in on Alcoa Co.’s FY2025 Earnings (NYSE:AA)

Alcoa Co. (NYSE:AA) – Equities research analysts at B. Riley increased their FY2025 EPS estimates for shares of Alcoa in a research note issued on Thursday, April 18th. B. Riley analyst L. Pipes now forecasts that the industrial products company will post earnings per share of $1.64 for the year, up from their prior forecast of $1.62. B. Riley currently has a “Neutral” rating and a $31.00 price target on the stock. The consensus estimate for Alcoa’s current full-year earnings is $0.31 per share.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, April 17th. The industrial products company reported ($0.81) EPS for the quarter, missing the consensus estimate of ($0.62) by ($0.19). The firm had revenue of $2.60 billion during the quarter, compared to analyst estimates of $2.55 billion. Alcoa had a negative net margin of 6.41% and a negative return on equity of 8.51%. Alcoa’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) EPS.

AA has been the subject of a number of other research reports. BMO Capital Markets boosted 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. StockNews.com downgraded shares of Alcoa from a “hold” rating to a “sell” rating in a report on Friday. JPMorgan Chase & Co. raised their target price on shares of Alcoa from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Morgan Stanley boosted their price target on shares of Alcoa from $27.00 to $29.50 and gave the stock an “underweight” rating in a research report on Thursday, January 18th. Finally, Bank of America increased their price objective on shares of Alcoa from $31.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Alcoa currently has an average rating of “Hold” and a consensus price target of $32.96.

Alcoa Stock Performance

Shares of AA stock opened at $35.53 on Friday. The business has a 50 day simple moving average of $31.14 and a 200 day simple moving average of $29.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.61 and a quick ratio of 0.74. The firm has a market capitalization of $6.38 billion, a price-to-earnings ratio of -9.45, a price-to-earnings-growth ratio of 2.40 and a beta of 2.47. Alcoa has a 12-month low of $23.07 and a 12-month high of $42.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James & Associates grew its holdings in shares of Alcoa by 3,731.1% during the fourth quarter. Raymond James & Associates now owns 799,705 shares of the industrial products company’s stock valued at $27,190,000 after buying an additional 778,831 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Alcoa by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,234,472 shares of the industrial products company’s stock valued at $35,874,000 after acquiring an additional 54,876 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Alcoa by 132.2% in the 4th quarter. Nordea Investment Management AB now owns 112,082 shares of the industrial products company’s stock valued at $3,824,000 after purchasing an additional 63,816 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in shares of Alcoa in the fourth quarter worth approximately $227,000. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Alcoa by 90.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 61,801 shares of the industrial products company’s stock worth $1,796,000 after purchasing an additional 29,431 shares in the last quarter.

Insider Buying and Selling

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

Alcoa Dividend Announcement

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