Alcoa Corp (AA) Analysts See $0.71 EPS

September 17, 2017 - By Marguerite Chambers

 Alcoa Corp (AA) Analysts See $0.71 EPS
Investors sentiment decreased to 0.01 in 2016 Q4. Its down 0.54, from 0.55 in 2016Q3. It turned negative, as 377 investors sold Alcoa Corp shares while 9 reduced holdings. 2 funds opened positions while 0 raised stakes. 715,253 shares or 99.89% less from 629.97 million shares in 2016Q3 were reported.
And Commerce has 333 shares for 0% of their portfolio. Carmignac Gestion reported 369,999 shares. Amg Funds reported 14,514 shares or 0.22% of all its holdings. Folger Nolan Fleming Douglas Mngmt accumulated 10,900 shares. Vantage Investment Ltd Liability invested in 347 shares or 0% of the stock. Gemmer Asset Limited Liability Co reported 42 shares stake. Cibc Ww Markets has 300,000 shares. Fifth Third Savings Bank invested in 0% or 2,014 shares. Salem Counselors Inc, a North Carolina-based fund reported 11 shares. Focused Wealth Management invested 0% of its portfolio in Alcoa Corp (NYSE:AA). Covington Cap has 10,657 shares. Ftb Advsr reported 3,600 shares or 0% of all its holdings. Peoples Fin Svcs Corp owns 0% invested in Alcoa Corp (NYSE:AA) for 712 shares. Stevens First Principles Inv Advsr holds 0.02% or 984 shares. Trust Asset Mngmt Limited Liability Company stated it has 1,111 shares.

Since May 26, 2017, it had 2 insider buys, and 0 selling transactions for $471,689 activity. AYERS CHRISTOPHER L also bought $200,039 worth of Alcoa Corp (NYSE:AA) shares.

Wall Street await Alcoa Corp (NYSE:AA) to release earnings on October, 18 after the close. The expected AA’s profit could reach $130.87M giving the stock 15.72 P/E in the case that $0.71 earnings per share is reported. After posting $0.62 EPS for the previous quarter, Alcoa Corp’s analysts now forecast 14.52 % EPS growth. The stock decreased 0.31% or $0.14 on September 15, reaching $44.65. About 5.44 million shares traded or 38.07% up from the average. Alcoa Corp (NYSE:AA) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Alcoa Corp (NYSE:AA) Ratings Coverage

Among 23 analysts covering Alcoa Inc. (NYSE:AA), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Alcoa Inc. had 62 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by BMO Capital Markets on Friday, March 31 to “Outperform”. The rating was maintained by Gabelli with “Buy” on Tuesday, January 12. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, December 22. The stock of Alcoa Corp (NYSE:AA) earned “Buy” rating by Deutsche Bank on Tuesday, September 12. The rating was upgraded by ING Group to “Buy” on Friday, June 23. The stock of Alcoa Corp (NYSE:AA) earned “Buy” rating by Deutsche Bank on Tuesday, January 12. The stock has “Buy” rating by Deutsche Bank on Monday, October 5. The stock of Alcoa Corp (NYSE:AA) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, October 12. On Monday, November 7 the stock rating was initiated by Morgan Stanley with “Overweight”. The stock has “Outperform” rating by Macquarie Research on Tuesday, December 20.

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The company has market cap of $8.23 billion. The Firm is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling. It has a 53.97 P/E ratio. The Company’s divisions include Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products.

More notable recent Alcoa Corp (NYSE:AA) news were published by: Seekingalpha.com which released: “Alcoa Corporation (AA) Presents at Morgan Stanley 5th Annual Laguna Conference …” on September 14, 2017, also Fool.com with their article: “How Alcoa Inc. Makes Most of Its Money” published on September 16, 2017, Bizjournals.com published: “7 things to know about Alcoa’s HQ move back to Pittsburgh” on August 31, 2017. More interesting news about Alcoa Corp (NYSE:AA) were released by: Nasdaq.com and their article: “Commit To Purchase Alcoa Corporation At $28, Earn 7.7% Using Options” published on September 14, 2017 as well as Investorplace.com‘s news article titled: “Trade of the Day: Alcoa Corp (AA) Stock Aims Higher” with publication date: August 28, 2017.

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