EPS for Alcoa Corporation (AA) Expected At $1.57

June 14, 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 dropped, 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 Com (Wy) accumulated 610 shares or 0.03% of the stock. Carmignac Gestion holds 0.08% or 250,000 shares. Vantage Invest Advsr Ltd Company owns 0% invested in Alcoa Corporation (NYSE:AA) for 347 shares. Focused Wealth Mgmt Inc stated it has 29 shares or 0% of all its holdings. Gemmer Asset Mngmt invested in 0% or 42 shares.

Since February 8, 2018, it had 4 insider purchases, and 0 sales for $15.40 million activity. $9.77M worth of Alcoa Corporation (NYSE:AA) was bought by ELLIOTT INTERNATIONAL – L.P. on Tuesday, May 15. Shares for $4.60 million were bought by ELLIOTT ASSOCIATES – L.P. on Tuesday, May 15. 40,300 shares valued at $999,557 were bought by Hess David P on Thursday, February 8.

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 Alcoa Corporation (NYSE:AA) rating on Friday, April 20. Argus Research has “Buy” rating and $69 target. The stock of Alcoa Corporation (NYSE:AA) earned “Buy” rating by J.P. Morgan on Monday, February 5. Cowen & Co maintained it with “Hold” rating and $6700 target in Thursday, April 19 report. CFRA maintained Alcoa Corporation (NYSE:AA) rating on Thursday, January 18. CFRA has “Buy” rating and $68.0 target. The stock has “Buy” rating by Morgan Stanley on Tuesday, December 19. The rating was maintained by Citigroup on Monday, April 9 with “Buy”. The rating was maintained by Cowen & Co on Wednesday, January 17 with “Hold”. As per Thursday, April 19, the company rating was maintained by Bank of America. The rating was maintained by BMO Capital Markets on Thursday, April 19 with “Outperform”. The firm earned “Hold” rating on Monday, April 9 by Cowen & Co.

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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