AA - Alcoa Corporation

NYSE - NYSE Delayed Price. Currency in USD
14.87
-0.64 (-4.13%)
At close: 4:05PM EST
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Previous Close15.51
Open15.01
Bid14.65 x 1100
Ask15.15 x 800
Day's Range14.80 - 15.32
52 Week Range14.80 - 31.45
Volume6,589,027
Avg. Volume4,393,806
Market Cap2.76B
Beta (5Y Monthly)1.63
PE Ratio (TTM)N/A
EPS (TTM)-6.07
Earnings DateApr 14, 2020 - Apr 19, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est23.14
  • Thomson Reuters StreetEvents

    Edited Transcript of AA.N earnings conference call or presentation 15-Jan-20 10:00pm GMT

    Q4 2019 Alcoa Corp Earnings Call

  • Alcoa Drops as $1 Billion Revamp Faces World Awash in Metal
    Bloomberg

    Alcoa Drops as $1 Billion Revamp Faces World Awash in Metal

    (Bloomberg) -- Alcoa Corp. shares posted the biggest decline since mid-2018 after the top U.S. aluminum producer reported a wider-than-expected loss and said it sees global output of the metal outstripping demand this year.The forecast for a surplus adds urgency to the company’s cost-cutting drive after a fourth straight quarterly loss. The oversupply of metal will be fueled by production in China, according to the company’s forecast.Aluminum prices have slipped amid trade tensions and a slowdown in manufacturing worldwide, and Alcoa’s forecast suggests further declines may be in store. The Pittsburgh-based company has been taking steps to counter weak prices by shedding assets and getting leaner, saying in October it would sell non-core businesses to generate as much as $1 billion in net proceeds.“China overcapacity remains a problem for the aluminum market with no change on the horizon,” Jefferies LLC analysts including Christopher LaFemina said in a note. “While Alcoa is taking actions to cut costs and drive productivity, weak aluminum market fundamentals and a lack of free cash flow are concerns.”Shares fell 12% to close at $17.78 in New York, the biggest decline since July 2018 and the worst performance on the Russell 3000 Index. Alcoa’s statement was released after the close of regular trading on Wednesday.Alcoa projected global aluminum supply will exceed demand by as much as 1 million metric tons in 2020, fueled by production in China. That compares with a deficit last year of 900,000 tons to 1.1 million tons.Worldwide demand growth will be in a range of 1.4% to 2.4% this year. The company’s final aluminum estimate for 2019 was a decline of 0.2% to 0.4%.Still, the increase in demand won’t be enough to absorb excess supply.“In aluminum, Chinese overcapacity continues to challenge the global market,” Alcoa Chief Executive Officer Roy Harvey said on the company’s earnings call with analysts Wednesday. “The excess supply of Chinese semis will be exported to the world,” effectively displacing primary aluminum in those markets, he said.The so-called phase one trade deal the U.S. signed with China on Wednesday may be cause for optimism.“There are catalysts for positive change,” Harvey said, citing “recent developments that we’ve seen with China, and particularly if we start to advance toward a phase two part of the deal. I think that gives us the catalyst for improvements happening more quickly.”(Updates with shares in fifth paragraph.)\--With assistance from Steven Frank.To contact the reporter on this story: Joe Deaux in New York at jdeaux@bloomberg.netTo contact the editors responsible for this story: Luzi Ann Javier at ljavier@bloomberg.net, Joe Richter, Steven FrankFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • The China trade deal doesn’t protect American workers, or American interests
    MarketWatch

    The China trade deal doesn’t protect American workers, or American interests

    The phase one deal reached between the U.S. and China will increase the incentives to outsource U.S. jobs to China.

  • Company News for Jan 16, 2020
    Zacks

    Company News for Jan 16, 2020

    Companies In The News Are: BLK, AA, UNH, GS.

  • Barrons.com

    Tesla Stock Is Dropping, XPO Logistics Is Soaring, and the Dow Is Set to Open at a Record

    STOCKSTOWATCHTODAY BLOG The stock-market rally continues. U.S. indexes are set to open at record levels. Dow Jones Industrial Average futures and S&P 500futures are up 0.3%. Nasdaq Composite futures are up 0.

  • Alcoa Corp. (AA) Reports Q4 Loss, Misses Revenue Estimates
    Zacks

    Alcoa Corp. (AA) Reports Q4 Loss, Misses Revenue Estimates

    Alcoa Corp. (AA) delivered earnings and revenue surprises of -40.91% and -1.07%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Barrons.com

    Alcoa Stock Drops After Earnings. 2020 Could Be Another Tough Year.

    The aluminum producer lost 31 cents a share, worse than the 21-cent loss Wall Street expected. The price of aluminum—Alcoa’s key commodity—are flat year over year. Falling commodity prices hurt results.

  • Benzinga

    Alcoa Reports Q4 Earnings Miss

    Alcoa (NYSE: AA ) shares are trading lower in Wednesday's after-hours session after the company reported worse-than-expected fourth-quarter EPS and sales results. The company said it expects lower quarterly ...

  • MarketWatch

    Alcoa misses views, expects a global aluminum surplus for 2020

    Shares of Alcoa Corp. wavered between gains and losses in the extended session Wednesday after the alumina and aluminum producer reported a larger-than-expected loss for the fourth quarter and its sales came in below expectations. Alcoa also said it is closing one alumina refinery as part of its multi-year "asset review process" and that is selling assets as previously announced. The company said it lost $303 million, or $1.63 a share, in the quarter, versus a profit of $51 million, or 27 cents a share, in the year-ago period. Adjusted for one-time items, the company lost $57 million, or 31 cents a share, versus earnings of 70 cents a share a year ago. Revenue came in at $2.4 billion, compared with $3.3 billion a year ago. Analysts polled by FactSet had expected Alcoa to report an adjusted loss of 21 cents a share on sales of $2.5 billion. Alcoa projected a global aluminium surplus for 2020 and a "balanced" alumina market for the year. The bauxite market is expected to be in a small surplus in 2020, Alcoa said.

  • Business Wire

    Alcoa Corporation Reports Fourth Quarter and Full-Year 2019 Results

    Alcoa Corporation (NYSE: AA), a global leader in bauxite, alumina, and aluminum products, today reported fourth quarter and full-year 2019 results.

  • TheStreet.com

    Alcoa Volatile After Fourth-Quarter Results Miss Expectations

    Shares of Alcoa Corp. were volatile in after-hours trading Wednesday after the company posted a wider-than-expected loss for the fourth quarter. The company reported an adjusted net loss of $57 million, or 31 cents a share on revenue of $2.4 billion. Alcoa had been expected to report a loss of $42.7 million, or 21 cents a share, on sales of $2.5 billion, based on a FactSet survey of 11 analysts.

  • Trade deal, Fed Beige Book, bank earnings — What to know in markets Wednesday
    Yahoo Finance

    Trade deal, Fed Beige Book, bank earnings — What to know in markets Wednesday

    Signing of the “phase one” trade deal, Federal Reserve’s release of its Beige Book and another round of bank earnings will keep investors busy Wednesday.

  • Hedge Fund Consensus Stocks vs. Alcoa Corporation (AA) In 2019
    Insider Monkey

    Hedge Fund Consensus Stocks vs. Alcoa Corporation (AA) In 2019

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]

  • Earnings Preview: Alcoa (AA) Q4 Earnings Expected to Decline
    Zacks

    Earnings Preview: Alcoa (AA) Q4 Earnings Expected to Decline

    Alcoa (AA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Alcoa sells Arkansas waste treatment facility
    American City Business Journals

    Alcoa sells Arkansas waste treatment facility

    Alcoa announced Thursday that it had agreed to sell its Arkansas waste treatment facility to Veolia ES Technical Solutions in a transaction expected to close in the first quarter of 2020. According to a press release for Alcoa, the company will receive $200 million in cash at closing for the sale of Elemental Environmental Solutions, the wholly-owned subsidiary of Alcoa that owns the 1,300-acre hazardous waste treatment business. Alcoa will receive an additional $50 million if certain post-closing conditions are satisfied.

  • Alcoa (AA) to Divest Gum Springs Facility to Veolia for $250M
    Zacks

    Alcoa (AA) to Divest Gum Springs Facility to Veolia for $250M

    The divestment of Alcoa's (AA) Elemental Environmental Solutions business will enable the company to focus more on its core business.

  • New Strong Sell Stocks for January 3rd
    Zacks

    New Strong Sell Stocks for January 3rd

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

  • Business Wire

    Alcoa Announces Agreement to Sell Gum Springs Facility in $250 Million Transaction

    Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, has agreed to sell its Gum Springs, Arkansas waste treatment facility, to Veolia ES Technical Solutions (VTS) in a transaction expected to close in the first quarter of 2020.

  • Simple Market Timing Strategies That Work - December 24, 2019
    Zacks

    Simple Market Timing Strategies That Work - December 24, 2019

    Is the ability to time the markets more of a data-driven science or a 'gut - feeling' art?

  • Business Wire

    Alcoa Schedules Fourth Quarter 2019 Earnings Release and Conference Call

    Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, plans to announce its fourth-quarter 2019 financial results on Wednesday, January 15, 2020, after the close of trading on the New York Stock Exchange.

  • USW sues Alcoa over retiree life insurance benefits
    American City Business Journals

    USW sues Alcoa over retiree life insurance benefits

    USW said the manufacturer is seeking to eliminate life insurance benefits for almost 9,000 union-represented retirees.