Alcoa (NYSE:AA) Releases Earnings Results, Beats Estimates By $0.31 EPS

Posted by Brian Himes on Oct 17th, 2026

Alcoa (NYSE:AA – Get Free Report) announced its quarterly earnings data on Thursday. The industrial products company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.31, FiscalAI reports. The company had revenue of $3.70 billion for the quarter, compared to analysts’ expectations of $3.77 billion. Alcoa had a return on equity of 25.92% and a net margin of 10.77%. Alcoa’s revenue for the quarter was up 23.7% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS.

Here are the key takeaways from Alcoa’s conference call:

Operational performance improved in the third quarter, with six year-to-date production records, higher aluminum output, the completed Alumar restart, and a recovery at the Pinjarra refinery. Adjusted EBITDA reached $789 million, while year-to-date free cash flow was approximately $600 million.
Alcoa signed an agreement to sell part of the Massena East site for potential proceeds of up to $315 million, including $50 million–$65 million expected at closing. The transaction is the first step toward the company’s goal of generating $500 million–$1 billion from asset monetizations by 2030.
The AliGroup acquisition remains on track for closing in the first half of 2027; South32 shareholders approved the deal, Alcoa completed $2.6 billion of debt financing, and regulatory approvals are progressing. Management expects pro forma leverage of approximately 1.5 times and plans to prioritize rapid deleveraging after closing.
Management sees constructive aluminum and alumina market fundamentals, citing tightening alumina conditions outside China, historically low aluminum inventories, and solid order books. However, the company expects roughly 1.5 million metric tons of new Indonesian smelting capacity next year and remains exposed to softer construction demand in Europe.
The Western Australia EPA approval process for the mine plan has been delayed into 2027, although Alcoa expects to manage the delay through revised mining plans and six additional months of current-area production. The company also disclosed a fatality at its Alumar smelter and said it is undertaking additional safety actions.

Alcoa Trading Up 2.6%

Alcoa stock traded up $1.03 during trading hours on Friday, reaching $41.45. The company had a trading volume of 13,826,656 shares, compared to its average volume of 4,577,862. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.53 and a quick ratio of 0.92. The company has a 50-day moving average price of $46.92 and a 200 day moving average price of $56.04. The firm has a market cap of $10.94 billion, a price-to-earnings ratio of 7.16, a P/E/G ratio of 0.50 and a beta of 1.74. Alcoa has a 12-month low of $35.12 and a 12-month high of $84.38.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Tuesday, October 27th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date is Tuesday, October 27th. Alcoa’s dividend payout ratio (DPR) is presently 8.23%.

Wall Street Analysts Forecast Growth

AA has been the topic of a number of recent research reports. Barclays began coverage on shares of Alcoa in a research report on Wednesday. They set an “overweight” rating and a $55.00 price target on the stock. Wells Fargo & Company restated an “overweight” rating on shares of Alcoa in a report on Friday. Zacks Research upgraded shares of Alcoa from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Bank of America cut their price objective on shares of Alcoa from $57.00 to $51.00 and set an “underperform” rating for the company in a research note on Thursday, July 9th. Finally, Freedom Broker upped their price objective on shares of Alcoa from $64.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $62.17.

View Our Latest Stock Report on Alcoa

Insider Activity at Alcoa

In other news, EVP Renato Bacchi sold 700 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $51.02, for a total value of $35,714.00. Following the transaction, the executive vice president owned 74,930 shares in the company, valued at approximately $3,822,928.60. This trade represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Tammi A. Jones sold 15,628 shares of Alcoa stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $50.60, for a total transaction of $790,776.80. Following the completion of the transaction, the executive vice president directly owned 39,819 shares in the company, valued at approximately $2,014,841.40. The trade was a 28.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information.

Alcoa News Summary

Here are the key news stories impacting Alcoa this week:

Positive Sentiment: Profit more than doubled. Alcoa reported third-quarter net income of $483 million, up from $232 million a year earlier, while adjusted earnings per share of $1.82 exceeded analysts’ expectations of approximately $1.51–$1.54. Revenue rose 23.7% year over year to $3.704 billion. Alcoa rallies after posting higher Q3 profit
Positive Sentiment: Operations and cash generation improved. Higher aluminum production, better refinery performance and strong quarterly free cash flow supported investor confidence. Management reaffirmed full-year production and shipment guidance across alumina and aluminum. Why Alcoa Stock Popped on Friday
Positive Sentiment: Asset monetization provides a potential cash boost. Alcoa agreed to sell portions of its Massena East site for as much as $315 million, including land intended for data-center development. The transaction supports the company’s goal of monetizing $500 million to $1 billion of assets by 2030. Alcoa plans to sell part of its Massena East site
Positive Sentiment: South32 transaction advanced. South32 shareholders approved Alcoa’s planned acquisition of assets in Australia, Brazil and South Africa. Alcoa has completed $2.6 billion in debt financing, with the multibillion-dollar AliGroup deal targeted to close in the first half of 2027. Alcoa key takeaways for long-term investors
Positive Sentiment: Shareholder returns continued. The board declared a quarterly dividend of $0.10 per share, payable November 13 to investors of record October 27. Barclays also initiated coverage with an Overweight rating and a $55 price target. Alcoa declares quarterly cash dividend

Alcoa Company Profile

(Get Free Report)

Alcoa Corporation (NYSE:AA) is a global producer of aluminum and an integrated participant in the aluminum industry. Its operations span the value chain from bauxite mining and alumina refining to aluminum smelting, casting and recycling.

The company supplies aluminum products used in transportation, building and construction, packaging, aerospace, automotive, electrical and other industrial applications. Its portfolio includes primary aluminum, alumina, aluminum billets and other cast products, as well as low-carbon and recycled aluminum offerings.

Alcoa traces its origins to the Pittsburgh Reduction Company, founded in 1888, and has helped develop the modern aluminum industry.

Earnings History for Alcoa (NYSE:AA)

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