Alcoa (NYSE:AA – Get Free Report) posted its earnings results on Wednesday. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.34, Briefing.com reports. The business had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.97 billion. Alcoa had a negative net margin of 5.14% and a negative return on equity of 7.29%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted ($1.14) EPS.
Alcoa Trading Down 4.1 %
Shares of AA opened at $40.33 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.92 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $34.74 and a 200 day moving average price of $36.74. Alcoa has a 12-month low of $23.07 and a 12-month high of $45.48. The firm has a market capitalization of $7.24 billion, a P/E ratio of -10.73 and a beta of 2.42.
Alcoa Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Tuesday, October 29th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, October 29th. This represents a $0.40 annualized dividend and a dividend yield of 0.99%. Alcoa’s payout ratio is -10.64%.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on AA
About Alcoa
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.
Recommended Stories
- Five stocks we like better than Alcoa
- Industrial Products Stocks Investing
- AI Boom Fuels Demand for Dominion Energy Stock
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Cathie Wood Cuts Robinhood Holdings—Follow Her Lead or Stay Put?
- How to invest in marijuana stocks in 7 stepsÂ
- Wave Life Sciences Rockets 70% on Historic RNA Editing Success
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.