Alcoa Well-Positioned To Benefit From Positive Pricing Momentum, Analyst Says
Alcoa Well-Positioned To Benefit From Positive Pricing Momentum, Analyst Says
Alcoa Corporation (NYSE:AA) gets a price target bump from a couple of analysts following better-than-expected first-quarter FY24 results.
在24財年第一季度業績好於預期之後，美鋁公司（紐約證券交易所代碼：AA）獲得了幾位分析師的上調目標股價。
Yesterday, the company reported an EPS loss of $(0.81), which beat the consensus loss of $(0.55) and revenue of $2.60 billion, beating the consensus estimate of $2.56 billion.
昨天，該公司公佈的每股收益虧損爲0.81美元，超過了市場普遍虧損的0.55美元，收入爲26.0億美元，超過了市場普遍預期的25.6億美元。
Alcoa expects alumina production to be 9.8 million and 10 million metric tons and alumina shipments to be 12.7 million and 12.9 million metric tons for FY24.
美鋁預計，24財年氧化鋁產量爲980萬公噸，氧化鋁出貨量爲1,270萬公噸，氧化鋁出貨量爲1,270萬公噸，1,290萬公噸。
BMO Capital Markets analyst Katja Jancic raised the price target to $37 (from $35) and maintained the Market Perform rating.
BMO資本市場分析師卡佳·揚西奇將目標股價從35美元上調至37美元，並維持市場表現評級。
The analyst says Alcoa is well-positioned to benefit from the positive aluminum price momentum and continued multiple actions to deliver profitability improvements over time.
這位分析師表示，美鋁完全有能力從鋁價的積極勢頭中受益，並持續採取多項行動來提高盈利能力。
Also, Jancic continues to project that the acquisition of the remaining 40% of Alcoa World Alumina & Chemicals (AWAC) is expected to be beneficial in the longer term, given higher economic interest and simplified structure/greater flexibility.
此外，Jancic繼續預計，鑑於更高的經濟利益和簡化的結構/更大的靈活性，從長遠來看，收購美鋁世界氧化鋁化工公司（AWAC）剩餘40％的股份有望帶來好處。
Last month, Alcoa inked a binding Scheme Implementation Deed to acquire Alumina Limited Alumina Stock (OTC:AWCMF) for $2.2 billion in an all-scrip, or all-stock, transaction.
上個月，美鋁簽署了一份具有約束力的計劃實施契約，以22億美元的全股或全股交易收購氧化鋁有限公司氧化鋁股票（場外交易代碼：AWCMF）。
Consequently, the analyst estimates EPS of $(0.64) vs. $(0.79) earlier in FY24 and $1.43 (vs $1.61 prior) for FY25.
因此，分析師估計每股收益爲0.64美元，而24財年早些時候的每股收益爲0.79美元，25財年的每股收益爲1.43美元（前值爲1.61美元）。
Also, Jefferies increased the price target to $48 (from $45) and reiterated a Buy rating.
此外，傑富瑞將目標股價從45美元上調至48美元，並重申了買入評級。
Meanwhile, J.P.Morgan analyst Bill Peterson writes that Aluminum demand continues to improve across markets (ex, Europe construction), which supports firming prices and improved profitability despite ongoing challenges at Warrick, Alumar, and San Ciprian mines.
同時，摩根大通分析師比爾·彼得森寫道，儘管沃裏克、阿盧瑪和聖西普里安礦山持續面臨挑戰，但整個市場（例如歐洲建築業）的鋁需求持續改善，這支撐了價格走強和盈利能力的提高。
The analyst estimates an EPS loss of $(1.17) (vs. $0.35 earlier) for FY24 and $2.59 (vs. $3.10 prior) for FY25.
分析師估計，24財年的每股收益虧損爲1.17美元（前值爲0.35美元），25財年每股虧損2.59美元（前值爲3.10美元）。
Also, the analyst cut the second-quarter FY24 EBITDA to $245 million (vs. prior $272 million), but expects guided headwinds can be more than offset by improved pricing in both segments (alumina/aluminum +4%/+11% QTD), driving higher earnings Q/Q.
此外，該分析師將24財年第二季度的息稅折舊攤銷前利潤下調至2.45億美元（之前爲2.72億美元），但預計這兩個細分市場定價的上漲（氧化鋁/鋁業季度總收入增長4％/+11％）足以抵消引導性的不利因素，從而推動季度收益的增加。
Also, Peterson cut the EBITDA to $1.0 billion (from $1.1 billion) for 2024.
此外，彼得森將2024年的息稅折舊攤銷前利潤從11億美元削減至10億美元。
Investors can gain exposure to the stock via SPDR S&P Metals & Mining ETF (NYSE:XME) and Macquarie ETF Trust Macquarie Energy Transition ETF (NYSE:PWER).
投資者可以通過SPDR標普金屬與礦業ETF（紐約證券交易所代碼：XME）和麥格理ETF信託麥格理能源轉型ETF（紐約證券交易所代碼：PWER）獲得股票敞口。
Price Action: AA shares are down 0.19% at $35.49 on the last check Thursday.
價格走勢：在週四的最後一次支票中，AA股價下跌0.19％，至35.49美元。
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