$0.71 EPS Expected for Alcoa Corp (AA)

September 17, 2017 - By Louis Casey

 $0.71 EPS Expected for Alcoa Corp (AA)
Investors sentiment decreased to 0.01 in Q4 2016. Its down 0.54, from 0.55 in 2016Q3. It dropped, as 377 investors sold Alcoa Corp shares while 9 reduced holdings. 2 funds opened positions while 0 raised stakes. 715,253 shares or 99.89% less from 629.97 million shares in 2016Q3 were reported.
300,000 were reported by Cibc Ww Mkts Corporation. Carmignac Gestion holds 0.08% or 369,999 shares in its portfolio. Folger Nolan Fleming Douglas Capital Mgmt Incorporated owns 10,900 shares or 0.02% of their US portfolio. Amg Funds Ltd Liability stated it has 14,514 shares. Asset Management Ltd Limited Liability Company holds 0.02% or 1,111 shares in its portfolio. 3,600 are held by Ftb Advsr. Rech Mgmt Communication holds 333 shares. Covington Cap Mngmt invested in 10,657 shares or 0.03% of the stock. 984 were accumulated by Stevens First Principles Investment Advsr. Peoples invested in 0% or 712 shares. Salem Investment Counselors stated it has 0% in Alcoa Corp (NYSE:AA). Focused Wealth Management, a New York-based fund reported 29 shares. Vantage Advsr Limited has 0% invested in Alcoa Corp (NYSE:AA). Gemmer Asset Ltd Liability Corp accumulated 42 shares or 0% of the stock. Fifth Third National Bank & Trust reported 2,014 shares or 0% of all its holdings.

Since May 26, 2017, it had 2 insider purchases, and 0 insider sales for $471,689 activity. On Friday, May 26 the insider AYERS CHRISTOPHER L bought $200,039.

Analysts expect Alcoa Corp (NYSE:AA) to report $0.71 EPS on October, 18 after the close.AA’s profit would be $130.87M giving it 15.72 P/E if the $0.71 EPS is correct. After having $0.62 EPS previously, Alcoa Corp’s analysts see 14.52 % EPS growth. The stock decreased 0.31% or $0.14 on September 15, reaching $44.65. About 5.44M shares traded or 38.07% up from the average. Alcoa Corp (NYSE:AA) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Alcoa Corp (NYSE:AA) Ratings Coverage

Among 23 analysts covering Alcoa Inc. (NYSE:AA), 15 have Buy rating, 0 Sell and 8 Hold. Therefore 65% are positive. Alcoa Inc. had 62 analyst reports since August 4, 2015 according to SRatingsIntel. The company was initiated on Wednesday, November 2 by Bank of America. Macquarie Research initiated the stock with “Neutral” rating in Tuesday, November 1 report. The stock of Alcoa Corp (NYSE:AA) earned “Outperform” rating by Macquarie Research on Friday, January 8. The firm has “Buy” rating given on Friday, June 2 by BMO Capital Markets. The rating was maintained by S&P Research on Tuesday, September 29 with “Buy”. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, January 12. Bank of America upgraded Alcoa Corp (NYSE:AA) on Monday, May 23 to “Buy” rating. Morgan Stanley maintained Alcoa Corp (NYSE:AA) rating on Thursday, June 30. Morgan Stanley has “Overweight” rating and $12 target. The stock of Alcoa Corp (NYSE:AA) has “Buy” rating given on Monday, July 3 by BMO Capital Markets. As per Friday, August 4, the company rating was maintained by BMO Capital Markets.

Alcoa Corporation, formerly Alcoa Upstream Corporation, is engaged in the production of bauxite, alumina and aluminum of various cast and rolled products. The company has market cap of $8.23 billion. The Firm is engaged in the production and management of aluminum and alumina combined through its participation in various aspects of the industry, such as technology, mining, refining, smelting, and recycling. It has a 53.97 P/E ratio. The Company’s divisions include Bauxite, Alumina, Aluminum, Cast Products, Energy and Rolled Products.

More notable recent Alcoa Corp (NYSE:AA) news were published by: Bizjournals.com which released: “7 things to know about Alcoa’s HQ move back to Pittsburgh” on August 31, 2017, also Nasdaq.com with their article: “Commit To Purchase Alcoa Corporation At $28, Earn 7.7% Using Options” published on September 14, 2017, Fool.com published: “How Alcoa Inc. Makes Most of Its Money” on September 16, 2017. More interesting news about Alcoa Corp (NYSE:AA) were released by: Investorplace.com and their article: “Trade of the Day: Alcoa Corp (AA) Stock Aims Higher” published on August 28, 2017 as well as Seekingalpha.com‘s news article titled: “Alcoa Corporation (AA) Presents at Morgan Stanley 5th Annual Laguna Conference …” with publication date: September 14, 2017.

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