B. Riley Brokers Increase Earnings Estimates for Alcoa

Alcoa Co. (NYSE:AA) – Analysts at B. Riley upped their FY2026 earnings per share estimates for shares of Alcoa in a research note issued to investors on Tuesday, November 19th. B. Riley analyst L. Pipes now anticipates that the industrial products company will post earnings of $4.03 per share for the year, up from their previous estimate of $4.02. B. Riley currently has a “Buy” rating and a $50.00 target price on the stock. The consensus estimate for Alcoa’s current full-year earnings is $0.89 per share.

Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, October 16th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.34. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.97 billion. Alcoa had a negative return on equity of 1.45% and a negative net margin of 2.65%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the company posted ($1.14) EPS.

AA has been the subject of several other reports. Morgan Stanley lifted their price objective on Alcoa from $48.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Argus raised Alcoa from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a report on Wednesday, October 23rd. StockNews.com raised Alcoa from a “sell” rating to a “hold” rating in a report on Thursday, October 17th. Bank of America raised Alcoa from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $52.00 in a report on Tuesday, October 1st. Finally, BMO Capital Markets lifted their price objective on Alcoa from $42.00 to $45.00 and gave the company a “market perform” rating in a report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $44.75.

Alcoa Stock Performance

AA opened at $45.57 on Wednesday. The business has a fifty day simple moving average of $39.59 and a 200 day simple moving average of $37.76. The company has a market capitalization of $11.77 billion, a PE ratio of -25.89, a price-to-earnings-growth ratio of 0.84 and a beta of 2.42. Alcoa has a 1 year low of $23.80 and a 1 year high of $46.55. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.41 and a quick ratio of 0.80.

Alcoa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Tuesday, October 29th were given a $0.10 dividend. The ex-dividend date was Tuesday, October 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.88%. Alcoa’s dividend payout ratio (DPR) is presently -22.73%.

Insider Buying and Selling at Alcoa

In related news, EVP Renato Bacchi sold 23,867 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $42.29, for a total transaction of $1,009,335.43. Following the sale, the executive vice president now owns 57,317 shares in the company, valued at $2,423,935.93. This represents a 29.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On Alcoa

Several institutional investors and hedge funds have recently made changes to their positions in AA. Newbridge Financial Services Group Inc. bought a new stake in shares of Alcoa during the 2nd quarter valued at about $27,000. UMB Bank n.a. raised its stake in Alcoa by 481.7% during the 3rd quarter. UMB Bank n.a. now owns 762 shares of the industrial products company’s stock worth $29,000 after buying an additional 631 shares during the period. Quarry LP acquired a new position in Alcoa during the 3rd quarter worth approximately $43,000. Continuum Advisory LLC raised its stake in Alcoa by 1,945.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,125 shares of the industrial products company’s stock worth $46,000 after buying an additional 1,070 shares during the period. Finally, Toronto Dominion Bank raised its stake in Alcoa by 1,501.9% during the 1st quarter. Toronto Dominion Bank now owns 1,698 shares of the industrial products company’s stock worth $57,000 after buying an additional 1,592 shares during the period.

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.