Alcoa Corporation (AA)
- Previous Close
35.47 - Open
35.20 - Bid --
- Ask --
- Day's Range
35.06 - 36.44 - 52 Week Range
23.07 - 39.83 - Volume
8,013,573 - Avg. Volume
6,382,125 - Market Cap (intraday)
6.38B - Beta (5Y Monthly) 2.49
- PE Ratio (TTM)
-- - EPS (TTM)
-3.65 - Earnings Date Jul 17, 2024 - Jul 22, 2024
- Forward Dividend & Yield 0.40 (1.13%)
- Ex-Dividend Date Mar 4, 2024
- 1y Target Est
33.38
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. The company offers primary aluminum in the form of alloy ingot or value-add ingot to customers that produce products for the transportation, building and construction, packaging, wire, and other industrial markets; and flat-rolled aluminum in the form of sheet, which is sold primarily to customers that produce beverage and food cans. In addition, it owns hydro power plants that generates and sells electricity in the wholesale market to traders, large industrial consumers, distribution companies, and other generation companies. The company was formerly known as Alcoa Upstream Corporation and changed its name to Alcoa Corporation in October 2016. The company was founded in 1886 and is headquartered in Pittsburgh, Pennsylvania.
www.alcoa.comRecent News: AA
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Performance Overview: AA
Trailing total returns as of 4/19/2024, which may include dividends or other distributions. Benchmark is .
YTD Return
1-Year Return
3-Year Return
5-Year Return
Compare To: AA
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Statistics: AA
Valuation Measures
Market Cap
6.37B
Enterprise Value
7.34B
Trailing P/E
--
Forward P/E
80.65
PEG Ratio (5yr expected)
--
Price/Sales (ttm)
0.60
Price/Book (mrq)
1.50
Enterprise Value/Revenue
0.70
Enterprise Value/EBITDA
47.35
Financial Highlights
Profitability and Income Statement
Profit Margin
-6.41%
Return on Assets (ttm)
-0.54%
Return on Equity (ttm)
-14.34%
Revenue (ttm)
10.48B
Net Income Avi to Common (ttm)
-672M
Diluted EPS (ttm)
-3.65
Balance Sheet and Cash Flow
Total Cash (mrq)
1.36B
Total Debt/Equity (mrq)
46.04%
Levered Free Cash Flow (ttm)
469M
Research Analysis: AA
Analyst Price Targets
Fair Value
Analyst Recommendations
- Strong Buy
- Buy
- Hold
- Underperform
- Sell
Earnings
Research Reports: AA
Analyst Report: Alcoa Corp
Alcoa Corp. is a global provider of bauxite, alumina, and aluminum products. The company is based in Pittsburgh, and has approximately 13,600 employees in 15 countries. The shares are a component of the S&P 400 Midcap Index.
RatingNeutralPrice TargetMarket Update: AXP, AA, CHWY
U.S. stocks were mixed on Friday morning following Israel's limited retaliatory strike against Iran. American Express (AXP) topped 1Q estimates and rose 4%. Meanwhile, Netflix (NFLX) shares are down sharply, despite the company easily beating expectations in the latest quarter and providing strong guidance. In a significant deviation from past practices, the company has decided to stop reporting subscriber numbers or average revenue per member, which is causing concerns among investors that the absence of these key metrics could point to stagnating growth. The Dow was up 0.4%, the S&P 500 fell 0.4% and the Nasdaq lost 1.1%. Crude oil is trading above $83 per barrel and gold rose $12 to $2410 per ounce.
Technical Assessment: Neutral in the Intermediate-Term
Overnight events in the Middle East notwithstanding, WTI closed yesterday at $82.05/barrel, down slightly and below its recent high on April 5 and April 12 near $88. Crude oil traced out a bearish throwback, as its breakout over the top of the bullish channel that has been in place for about four months failed miserably. Generally, failed breakouts and failed breakdowns lead to decent-sized moves in the other direction. Almost the entire rally from the high $60s was labored and failed to generate much enthusiasm among market participants.
Technical Assessment: Neutral in the Intermediate-Term
That was one heck of a quarter -- and now we've had two consecutive quarters of strong gains. As well, there have been five months with gains and 18 out 22 weeks in which the S&P 500 (SPX) has moved higher. And that happened with barely a speck of price volatility. The S&P 500 rose 10.2% in Q1, the S&P 100 (OEX) was up 10.9%, the Nasdaq (IXIC) was up 9.1%, the Nasdaq 100 (NDX) was up 8.5%, the S&P MidCap 400 (MDY) was up 9.9%, and the Russell 2000 (IWM) was up 5%. Bonds sold off a bit, the 10-year was up 34 basis points, gold (GLD) was up 7.6%, WTI was up 16%, the U.S. Dollar Index was up 2.4%, and Bitcoin soared 65%.