Alcoa Co. (NYSE:AA - Get Free Report) declared a quarterly dividend on Wednesday, October 16th, RTT News reports. Stockholders of record on Tuesday, October 29th will be given a dividend of 0.10 per share by the industrial products company on Friday, November 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.97%.
Alcoa has a payout ratio of 14.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alcoa to earn $2.79 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 14.3%.
Shares of NYSE:AA opened at $41.31 on Wednesday. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of -10.99 and a beta of 2.42. Alcoa has a 1 year low of $23.07 and a 1 year high of $45.48. The company has a current ratio of 1.55, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The business has a fifty day simple moving average of $34.29 and a 200 day simple moving average of $36.67.
Alcoa (NYSE:AA - Get Free Report) last posted its quarterly earnings results on Wednesday, July 17th. The industrial products company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.05. Alcoa had a negative return on equity of 7.29% and a negative net margin of 5.14%. The company had revenue of $2.91 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period last year, the business earned ($0.35) EPS. The business's quarterly revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Alcoa will post 0.29 earnings per share for the current fiscal year.
A number of analysts have issued reports on AA shares. JPMorgan Chase & Co. assumed coverage on shares of Alcoa in a research note on Wednesday, September 25th. They issued a "neutral" rating and a $36.00 target price for the company. StockNews.com cut shares of Alcoa from a "hold" rating to a "sell" rating in a report on Tuesday, October 1st. Wolfe Research upgraded Alcoa from a "peer perform" rating to an "outperform" rating and set a $36.00 target price on the stock in a report on Wednesday, September 4th. UBS Group upped their price target on Alcoa from $40.00 to $50.00 and gave the stock a "buy" rating in a research note on Tuesday. Finally, B. Riley Financial reissued a "neutral" rating and issued a $41.00 price objective on shares of Alcoa in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $42.55.
Get Our Latest Stock Report on Alcoa
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.
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