Alcoa Co. (NYSE:AA – Get Rating) – Stock analysts at B. Riley issued their Q1 2023 earnings estimates for shares of Alcoa in a research note issued to investors on Thursday, January 19th. B. Riley analyst L. Pipes expects that the industrial products company will earn ($0.12) per share for the quarter. B. Riley currently has a "Neutral" rating and a $42.00 target price on the stock. The consensus estimate for Alcoa's current full-year earnings is $2.45 per share. B. Riley also issued estimates for Alcoa's Q2 2023 earnings at $0.26 EPS, Q3 2023 earnings at $0.77 EPS, Q4 2023 earnings at $0.86 EPS, FY2023 earnings at $1.76 EPS, FY2024 earnings at $4.59 EPS and FY2025 earnings at $4.59 EPS.

Alcoa (NYSE:AA – Get Rating) last issued its quarterly earnings results on Wednesday, January 18th. The industrial products company reported ($0.70) EPS for the quarter, topping analysts' consensus estimates of ($0.75) by $0.05. Alcoa had a negative net margin of 0.82% and a positive return on equity of 13.18%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the prior year, the firm earned $2.50 EPS. The business's revenue for the quarter was down 20.3% compared to the same quarter last year.

Alcoa Price Performance

Shares of Alcoa stock opened at $51.00 on Monday. Alcoa has a 52-week low of $33.55 and a 52-week high of $98.09. The stock has a market capitalization of $9.02 billion, a price-to-earnings ratio of -60.00, a price-to-earnings-growth ratio of 1.67 and a beta of 2.41. The company has a fifty day moving average of $47.61 and a 200-day moving average of $45.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.00 and a current ratio of 1.75.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Deutsche Bank AG increased its stake in shares of Alcoa by 39.9% in the 2nd quarter. Deutsche Bank AG now owns 667,512 shares of the industrial products company's stock worth $30,424,000 after acquiring an additional 190,523 shares in the last quarter. Aviva PLC bought a new position in shares of Alcoa in the 2nd quarter worth about $3,272,000. Securian Asset Management Inc. increased its stake in shares of Alcoa by 1.8% in the 2nd quarter. Securian Asset Management Inc. now owns 16,815 shares of the industrial products company's stock worth $766,000 after acquiring an additional 296 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Alcoa in the 2nd quarter worth about $3,662,000. Finally, Exchange Traded Concepts LLC increased its stake in shares of Alcoa by 48.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 2,267 shares of the industrial products company's stock worth $76,000 after acquiring an additional 743 shares in the last quarter.

About Alcoa

(Get Rating)

Alcoa Corp. engages in the production of bauxite, alumina, and aluminum products. It operates through the following segments: Bauxite, Alumina, and Aluminum. The Bauxite segment represents the company' global bauxite mining operations. The Alumina segment includes the company's worldwide refining system, which processes bauxite into alumina.

See Also

• Get a free copy of the StockNews.com research report on Alcoa (AA)
• Is Virgin Galactic Stock Preparing for Lift-Off?
• Chevron is Likely to Increase its Dividend Before Earnings
• MarketBeat Week in Review – 1/16 – 1/20
• Does Old Dominion Show That Trucking Is Hitting The Brakes?
• Nordstrom Puts Fear Of Markdowns Into Retail Sector

Receive News & Ratings for Alcoa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alcoa and related companies with MarketBeat.com's FREE daily email newsletter.