B. Riley Has Pessimistic Outlook of Alcoa FY2026 Earnings

Alcoa (NYSE:AA) – Equities research analysts at B. Riley reduced their FY2026 earnings per share estimates for shares of Alcoa in a research report issued on Tuesday, July 22nd. B. Riley analyst N. Giles now anticipates that the industrial products company will earn $2.51 per share for the year, down from their previous estimate of $2.56. B. Riley currently has a “Buy” rating and a $37.00 target price on the stock. The consensus estimate for Alcoa’s current full-year earnings is $4.43 per share.

AA has been the topic of a number of other research reports. Bank of America boosted their target price on Alcoa from $26.00 to $27.00 and gave the company an “underperform” rating in a report on Thursday, July 17th. JPMorgan Chase & Co. reduced their target price on shares of Alcoa from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, July 17th. Wall Street Zen downgraded shares of Alcoa from a “buy” rating to a “hold” rating in a report on Sunday, June 22nd. Morgan Stanley dropped their target price on Alcoa from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, July 18th. Finally, Barclays upped their price objective on Alcoa to $31.00 and gave the stock a “hold” rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $41.23.

Alcoa Trading Up 0.6%

NYSE AA opened at $32.12 on Wednesday. The firm’s fifty day moving average is $29.06 and its two-hundred day moving average is $30.75. Alcoa has a one year low of $21.53 and a one year high of $47.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.97 and a current ratio of 1.65. The firm has a market cap of $8.31 billion, a PE ratio of 8.39, a P/E/G ratio of 0.19 and a beta of 2.25.

Alcoa (NYSE:AA) last announced its quarterly earnings results on Wednesday, July 16th. The industrial products company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.29 by $0.10. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $2.96 billion. Alcoa had a net margin of 7.86% and a return on equity of 19.27%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.16 earnings per share.

Alcoa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Tuesday, May 20th were given a $0.10 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $0.40 annualized dividend and a dividend yield of 1.25%. Alcoa’s dividend payout ratio is presently 10.44%.

Hedge Funds Weigh In On Alcoa

Institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC raised its holdings in Alcoa by 61.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,914 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 6,447 shares during the last quarter. GAMMA Investing LLC grew its holdings in Alcoa by 58.8% in the first quarter. GAMMA Investing LLC now owns 2,298 shares of the industrial products company’s stock valued at $70,000 after purchasing an additional 851 shares during the period. Drummond Knight Asset Management Pty Ltd acquired a new position in Alcoa during the fourth quarter worth approximately $19,646,000. Corient Private Wealth LLC raised its stake in Alcoa by 4.6% during the fourth quarter. Corient Private Wealth LLC now owns 21,602 shares of the industrial products company’s stock worth $816,000 after purchasing an additional 948 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Alcoa by 630.4% in the 1st quarter. SG Americas Securities LLC now owns 28,955 shares of the industrial products company’s stock valued at $883,000 after purchasing an additional 24,991 shares during the last quarter. 82.39% of the stock is owned by institutional investors and hedge funds.

Alcoa Company Profile

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.