Alcoa (NYSE:AA – Get Free Report) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.01 by $0.15, Briefing.com reports. The business had revenue of $2.91 billion for the quarter, compared to analysts’ expectations of $2.84 billion. Alcoa had a negative net margin of 6.41% and a negative return on equity of 8.51%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.35) EPS.
Alcoa Trading Down 4.8 %
Shares of AA traded down $1.85 during mid-day trading on Wednesday, reaching $36.81. The company’s stock had a trading volume of 7,628,141 shares, compared to its average volume of 5,867,600. The stock has a market cap of $6.61 billion, a PE ratio of -9.95 and a beta of 2.45. The company has a current ratio of 1.61, a quick ratio of 0.93 and a debt-to-equity ratio of 0.45. Alcoa has a 52 week low of $23.07 and a 52 week high of $45.48. The company’s fifty day moving average price is $40.52 and its two-hundred day moving average price is $34.58.
Alcoa Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Tuesday, May 21st were paid a dividend of $0.10 per share. The ex-dividend date was Monday, May 20th. This represents a $0.40 annualized dividend and a yield of 1.09%. Alcoa’s dividend payout ratio is currently -10.64%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on Alcoa
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.
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