Alcoa (NYSE:AA) released its quarterly earnings data on Wednesday. The industrial products company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.33, RTT News reports. The firm had revenue of $2.71 billion for the quarter, compared to the consensus estimate of $2.77 billion. Alcoa had a negative net margin of 4.92% and a positive return on equity of 2.74%. The firm’s revenue was down 24.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.52 earnings per share.
Shares of AA opened at $23.11 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.83 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $4.34 billion, a PE ratio of 6.46 and a beta of 1.34. The business’s 50-day simple moving average is $22.38. Alcoa has a 12-month low of $20.82 and a 12-month high of $45.65.
Institutional investors and hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC raised its position in Alcoa by 143.3% during the first quarter. Parallel Advisors LLC now owns 1,000 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 589 shares during the last quarter. Farmers National Bank acquired a new position in shares of Alcoa in the first quarter valued at approximately $32,000. Penserra Capital Management LLC acquired a new position in shares of Alcoa in the first quarter valued at approximately $107,000. Investors Research Corp acquired a new position in shares of Alcoa in the first quarter valued at approximately $124,000. Finally, Oppenheimer & Co. Inc. acquired a new position in shares of Alcoa in the first quarter valued at approximately $235,000.
Alcoa Corporation produces and sells bauxite, alumina, and aluminum products in the United States, Spain, Australia, Brazil, Canada, and internationally. The company operates through Bauxite, Alumina, and Aluminum segments. It engages in bauxite mining operations; and processes bauxite into alumina and sells bauxite to customers who process it into industrial chemical products.
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