Alcoa (AA) to Issue Quarterly Dividend of $0.10 on June 5th

by · The Cerbat Gem

Alcoa (NYSE:AA – Get Free Report) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Tuesday, May 19th will be given a dividend of 0.10 per share by the industrial products company on Friday, June 5th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, May 19th.

Alcoa has a dividend payout ratio of 15.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Alcoa to earn $7.91 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 5.1%.

Alcoa Stock Performance

NYSE AA opened at $62.45 on Friday. Alcoa has a 1-year low of $25.83 and a 1-year high of $75.70. The company has a market cap of $16.48 billion, a PE ratio of 15.81 and a beta of 1.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.48 and a quick ratio of 0.88. The stock’s 50 day simple moving average is $65.35 and its 200-day simple moving average is $56.47.

Alcoa (NYSE:AA – Get Free Report) last announced its quarterly earnings data on Thursday, April 16th. The industrial products company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20). Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the business posted $2.15 EPS. The business’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Alcoa will post 7.95 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AA. Argus set a $73.00 price objective on Alcoa in a research report on Monday, April 27th. Zacks Research downgraded Alcoa from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 12th. Citigroup lifted their price objective on Alcoa from $54.00 to $76.00 and gave the stock a “buy” rating in a research report on Monday, March 16th. Morgan Stanley upgraded Alcoa from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $64.00 to $80.00 in a research report on Thursday, April 9th. Finally, BMO Capital Markets lifted their price objective on Alcoa from $65.00 to $75.00 and gave the stock a “market perform” rating in a research report on Thursday, April 9th. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Alcoa has a consensus rating of “Hold” and a consensus target price of $67.60.

View Our Latest Stock Report on AA

Alcoa Company Profile

(Get Free Report)

Alcoa Corporation is a global industry leader in the production and management of aluminum, offering an integrated value chain that spans bauxite mining, alumina refining, primary aluminum smelting and the fabrication of value-added products. The company’s operations are organized into segments that include raw material extraction, chemical processing and the manufacture of metal mill products and engineered solutions.

Alcoa’s product portfolio serves diverse end markets such as aerospace, automotive, packaging, construction, electrical and industrial applications.

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