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 three segments: Bauxite, Alumina, and Aluminum.
infoAlcoa is a mid cap stock with a total market cap of 5.14B.
infoThey trade on the NYSE and had their IPO 61 years and 7 months ago.
infoAlcoa currently employs 13100 people.
infoAs of Wednesday, Aug 23 2023, Alcoa’s share price is $28.81.
News Relating to Alcoa
Seeking Alpha
Wall Street’s Freaky Season, Trading Updates And China’s Disappointing Data
Monday Aug 21 2023 at 07:40
China’s disappointing economic data and a surprise rate cut from the Central Bank dampen market sentiment. Long-term resistance on the 10-year U.S. Treasury yield at 4.30% is a key level to watch.
Seeking Alpha
Alcoa Corporation (AA) Q2 2023 Earnings Call Transcript
Wednesday Jul 19 2023 at 21:15
Alcoa Corporation (NYSE:AA ) Q2 2023 Earnings Conference Call July 19, 2023 5:00 PM ET Company Participants James Dwyer – VP, IR Roy Harvey – President and CEO Molly Beerman – EVP and CFO Conference Call Participants Alex Hacking – Citi Carlos de Alba – Morgan Stanley Timna Tanners – Wolfe Research Lucas Pipes – B. Riley Securities Chris LaFemina – Jefferies Michael Dudas – Vertical Research Katja Jancic – BMO Capital Markets Bill Peterson – JPMorgan John Tumazos – John Tumazos Independent Research Operator Good afternoon, and welcome to the Alcoa Corporation Second Quarter 2023 Earnings Presentation and Conference Call.
Zacks Investment Research
Alcoa (AA) Reports Q2 Loss, Tops Revenue Estimates
Wednesday Jul 19 2023 at 18:52
Alcoa (AA) came out with a quarterly loss of $0.35 per share versus the Zacks Consensus Estimate of a loss of $0.59. This compares to earnings of $2.67 per share a year ago.
Barrons
Alcoa Catches Third Downgrade In Three Weeks. The Stock Falls.
Friday Jul 14 2023 at 08:44
On Friday, J.P. Morgan analyst Bill Peterson downgraded Alcoa shares to Hold from Buy.
The Motley Fool
1 Dividend Stock Down 64% You’ll Regret Not Buying on the Dip
Friday Jul 14 2023 at 05:15
Investing in this dividend stock could increase your passive income.
Zacks Investment Research
Alcoa (AA) to Report Q2 Earnings: What’s in the Offing?
Wednesday Jul 12 2023 at 14:04
Alcoa’s (AA) Q2 performance is likely to have been hurt by lower shipments of alumina and aluminum, partly offset by higher prices.
Forbes
What To Expect From Alcoa’s Q2 Results?
Wednesday Jul 12 2023 at 06:00
Alcoa is expected to publish its Q2 2023 results on July 19 reporting on a quarter that saw aluminum prices trend lower.
InvestorPlace
7 Blue-Chip Stocks to Sell Before They Do Your Portfolio In
Sunday Jul 09 2023 at 17:24
The beginning of a new month, and a new earnings season gets investors thinking about which stocks to buy. They’ll also be thinking about which stocks to sell, which should include these seven blue-chip stocks to sell immediately.
Business Wire
Alcoa Schedules Second Quarter 2023 Earnings Release and Conference Call
Wednesday Jun 28 2023 at 16:10
PITTSBURGH–(BUSINESS WIRE)–Alcoa Corporation plans to announce its second quarter 2023 financial results on Wednesday, July 19, after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa’s website, http://www.alcoa.com. A link to the press release will also be on Alcoa’s Twitter handle @Alcoa at http://www.twitter.com/Alcoa. A conference call to discuss the financial results will begi.
Schaeffers Research
Alcoa Stock Popular Among Bulls Despite Bear Notes
Thursday Jun 22 2023 at 12:06
Morgan Stanley downgraded Alcoa Corp (NYSE:AA) to “underweight” from “equal weight” earlier today, with the brokerage noting the aluminum name could miss certain profit metrics over next few quarters.
Seeking Alpha
Alcoa: Exploring The Mystery Of High Tax Rates
Monday Jun 12 2023 at 17:03
Alcoa Corporation’s high effective tax rates have resulted in losses after tax, with a 95% rate in 2022. There are two ways to explain the high tax rates. Based on the tax reconciliation, the high tax rate is due to large changes in the valuation allowances. Another explanation is that the high tax rate is due to arithmetic issues. The losses in the Domestic operations resulted in lower overall profits. The tax rate is then magnified.
Seeking Alpha
Alcoa Corporation (AA) BofA Securities Global Metals, Mining & Steel Conference (Transcript)
Wednesday May 17 2023 at 13:37
Alcoa Corporation (NYSE:AA ) Bank of America Securities 2023 Financial Services Conference May 17, 2023 3:15 AM ET Company Participants Roy Harvey – President and Chief Executive Officer Conference Call Participants Lawson Winder – BofA Securities Lawson Winder For those of you just joining us anyhow, just welcome to day two of our 40th Annual Bank of America Global Metals, Mining & Steel Conference. It’s my great pleasure to have with me here Alcoa’s President and CEO, Roy Harvey.
Invezz
Aluminium stock Alcoa has 40% upside from here: Credit Suisse
Thursday May 11 2023 at 15:43
Alcoa Corp (NYSE: AA) has been in a massive downtrend over the past two months but a Credit Suisse analyst is super bullish on its prospects from here on out.
Forbes
Ex-Dividend Reminder: Alcoa, Exxon Mobil And Chord Energy
Thursday May 11 2023 at 14:09
Alcoa will pay its quarterly dividend of $0.10 on 6/2/23, Exxon Mobil will pay its quarterly dividend of $0.91 on 6/9/23, and Chord Energy will pay its quarterly dividend of $1.25 on 5/30/23.
Reuters
UK’s Smiths Group names Alcoa’s Williams as next chair
Wednesday May 10 2023 at 02:34
British industrial technology company Smiths Group Plc on Wednesday named Steve Williams as its next chairman to succeed George Buckley, who is retiring at the end of the company’s annual general meeting in November.
Schaeffers Research
Aluminum Stock Could Slide Even Lower
Tuesday Apr 25 2023 at 14:49
Aluminum stock Alcoa Corp (NYSE:AA) is now down 47% year-over-year and 17% year-to-date, after forming a bearish post-earnings reversal candle on April 20.
Zacks Investment Research
New Strong Sell Stocks for April 24th
Monday Apr 24 2023 at 09:10
AA, AOMR and ASIX have been added to the Zacks Rank #5 (Strong Sell) List on April 24, 2023.
Seeking Alpha
Alcoa Corporation (AA) Q1 2023 Earnings Call Transcript
Wednesday Apr 19 2023 at 20:56
Alcoa Corporation (AA) Q1 2023 Earnings Call Transcript.
Zacks Investment Research
Alcoa (AA) Reports Q1 Loss, Tops Revenue Estimates
Wednesday Apr 19 2023 at 19:02
Alcoa (AA) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to earnings of $3.06 per share a year ago.
Yahoo Finance
Stocks moving in after hours: Tesla, IBM, Las Vegas Sands, Alcoa
Wednesday Apr 19 2023 at 17:36
Yahoo Finance Live’s Seana Smith examines several stocks trending in the after-hours trading session.
Market Watch
Alcoa swings to surprise quarterly loss
Wednesday Apr 19 2023 at 17:25
Alcoa Corp. AA, -2.21% stock dropped more than 2% in the extended session Wednesday after the aluminum and alumina producer swung to a surprise quarterly loss and revenue came in below Wall Street expectations. Alcoa lost $231 million, or $1.30 a share, in the first quarter, contrasting with earnings of $469 million, or $2.49 a share, in the year-ago quarter.
Zacks Investment Research
What’s in the Offing for Alcoa (AA) This Earnings Season?
Friday Apr 14 2023 at 10:39
Alcoa’s (AA) first-quarter 2023 performance is likely to have been hurt by lower Alumina and Aluminum shipments as well as cost headwinds.
Forbes
What To Anticipate From Alcoa’s Q1 Results?
Friday Apr 14 2023 at 05:00
Alcoa is expected to publish its Q1 2023 results on April 19 reporting on a quarter that saw aluminum prices face considerable volatility.
Business Wire
Alcoa Schedules First Quarter Earnings Release and Conference Call
Wednesday Mar 29 2023 at 16:10
PITTSBURGH–(BUSINESS WIRE)–Alcoa Corporation plans to announce its first quarter 2023 financial results on Wednesday, April 19, after the close of trading on the New York Stock Exchange. The press release with financial results, and a related presentation, will be available on the “Investors” section of Alcoa’s website, http://www.alcoa.com. A link to the press release will also be on Alcoa’s Twitter handle @Alcoa at http://www.twitter.com/Alcoa.
Proactive Investors
Altaley Mining announces name change, key appointments and review of contingent liabilities
Monday Mar 20 2023 at 08:03
Altaley Mining Corporation (TSX-V:ATLY) said that its name will change to Luca Mining Corp from the opening of trading on Tuesday, March 21, 2023, and it will and trade under the symbol LUCA on both the TSX Venture and OTCQX exchanges. Altaley also said Ralph Shearing will retire from his role as president of the company, and be replaced by Ramon Perez effective March 27, 2023, adding that Shearing will remain as a director of Altaley.
Zacks Investment Research
New Strong Sell Stocks for March 17th
Friday Mar 17 2023 at 08:26
BSBR, AMD and AA have been added to the Zacks Rank #5 (Strong Sell) List on March 17, 2023.
Zacks Investment Research
New Strong Sell Stocks for March 14th
Tuesday Mar 14 2023 at 09:11
CNX, CECO and AA have been added to the Zacks Rank #5 (Strong Sell) List on March 14, 2023.
Zacks Investment Research
New Strong Sell Stocks for March 10th
Friday Mar 10 2023 at 08:28
ASYS, ALTO and AA have been added to the Zacks Rank #5 (Strong Sell) List on March 10, 2023.
Zacks Investment Research
New Strong Sell Stocks for March 6th
Monday Mar 06 2023 at 09:02
BATL, AA and KMX have been added to the Zacks Rank #5 (Strong Sell) List on March 6, 2023.
Seeking Alpha
Alcoa Corporation (AA) BMO 32nd Annual Global Metals, Mining & Critical Minerals Conference 2023 (Transcript)
Saturday Mar 04 2023 at 09:32
Alcoa Corporation (NYSE:AA ) BMO 32nd Annual Global Metals, Mining & Critical Minerals Conference 2023 Call February 28, 2023 9:30 AM ET Company Participants Roy Harvey – President and Chief Executive Officer Conference Call Participants David Gagliano – BMO Capital Markets David Gagliano Okay. Next up is Alcoa.
Alcoa Bankruptcy Risk
The Altman Z-score is a formula that measures a company’s financial health and bankruptcy risk. It assigns a numerical score based on various financial ratios. The Z-score is divided into different zones. If the Z-score is above 2.99, it indicates a lower bankruptcy risk, classifying the company as ‘safe’ or ‘non-distressed’. If the score falls below 1.81, it suggests a higher risk, indicating potential financial distress or bankruptcy. The range between 1.81 and 2.99 is called the ‘gray zone’ or zone of ambiguity.
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Alcoa’s Altman Z-score is 1.84 which is in the gray zone. This indicates a level of ambiguity where further analyses are needed to evaluate the company’s financial stability accurately.
Derived from SEC.GOV filing dataopen_in_new
Alcoa Insider Trading
Insider trading is when individuals employed by a company buy or sell its securities following legal procedures and regulations. Company executives, directors, and employees may be permitted to buy or sell shares if they follow specific rules, such as filing a Form 4 with the SEC within two business days.
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Over the last 3 months, there has been no insider trading in Alcoa.
Derived from SEC.GOV filing dataopen_in_new
Debt & Income Analysis
Income quality measures a company’s operating cash flow to net income ratio. It helps investors and analysts assess the sustainability of a company’s earnings. A high QIR indicates strong cash flows, while a low QIR may indicate non-operating activities driving net income.
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Alcoa’s Income Quality of -0.06 is lower than its Industry Group of 0.19 (-131.6% lower)
Alcoa’s Income Quality of -0.06 is lower than its Major Industry Group of 1.12 (-105.4% lower)
Alcoa’s Income Quality of -0.06 is lower than its Sector of 0.75 (-108.0% lower)
Derived from SEC.GOV filing dataopen_in_new
Current ratio measures a company’s ability to pay off short-term debt with its current assets (assets that a company expects to use up or convert to cash within a year). It represents the $ amount of current assets a company has for every $1 of short-term debt. A high current ratio above 1.0 indicates that a company can meet its short-term obligations, while a low current ratio below 1.0 suggests difficulty.
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Alcoa’s Current Ratio of 1.8 is greater than its Industry Group of 1.51 (19.2% greater)
Alcoa’s Current Ratio of 1.8 is lower than its Major Industry Group of 2.6 (-30.8% lower)
Alcoa’s Current Ratio of 1.8 is lower than its Sector of 2.6 (-30.8% lower)
Derived from SEC.GOV filing dataopen_in_new
Value Analysis
PE ratio (price-to-earnings), measures a company’s stock price relative to its earnings per share. It helps investors evaluate whether its stock is overvalued or undervalued. A higher PE ratio indicates that investors are willing to pay more for a company’s earnings, while a lower PE ratio (above zero) suggests the company could be undervalued.
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Cannot compare a negative PE Ratio (-3.38 & -5.25)
Cannot compare a negative PE Ratio (-3.38 & 7.03)
Cannot compare a negative PE Ratio (-3.38 & -0.4)
Derived from SEC.GOV filing dataopen_in_new
The PB ratio (price-to-book), measures a company’s stock price relative to its book value (net value of a company’s assets reported on its balance sheet, after subtracting debt) per share. It is used to evaluate a company’s valuation, with a lower PB ratio (above zero) indicating a lower valuation and a higher PB ratio suggesting overvaluation.
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Alcoa’s PB Ratio of 0.8 is lower than its Industry Group of 1.28 (-37.5% lower)
Alcoa’s PB Ratio of 0.8 is lower than its Major Industry Group of 1.59 (-49.7% lower)
Alcoa’s PB Ratio of 0.8 is lower than its Sector of 1.62 (-50.6% lower)
Derived from SEC.GOV filing dataopen_in_new
Efficiency Analysis
ROE (Return on Equity), is a financial ratio that measures a company’s profitability relative to its shareholders’ equity (the amount of value in a company that belongs to the people who own shares). It indicates how efficiently a company generates profits per unit of equity invested. A high ROE suggests effective use of equity, while a low ROE indicates inefficiency.
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Alcoa’s ROE of -0.24 is in line with its Industry Group of -0.24
Alcoa’s ROE of -0.24 is lower than its Major Industry Group of 0.14 (-271.4% lower)
Alcoa’s ROE of -0.24 is lower than its Sector of -0.03 (-700.0% lower)
Derived from SEC.GOV filing dataopen_in_new
ROCE (Return on Capital Employed), is a financial ratio that measures a company’s profitability relative to the amount of capital invested in its operations. It indicates how well a company is generating profits from its capital investments. A high ROCE suggests effective use of capital, while a low ROCE indicates inefficiency.
Learn more at Investopediaopen_in_new
Alcoa’s ROCE of -0.03 is greater than its Industry Group of -0.04 (25.0% greater)
Alcoa’s ROCE of -0.03 is lower than its Major Industry Group of 0.1 (-130.0% lower)
Alcoa’s ROCE of -0.03 is greater than its Sector of -0.04 (25.0% greater)
Derived from SEC.GOV filing dataopen_in_new