Alcoa (NYSE:AA) Releases Quarterly Earnings Results, Misses Estimates By $0.21 EPS

Alcoa (NYSE:AA) released its earnings results on Thursday. The industrial products company reported $2.12 earnings per share for the quarter, missing the consensus estimate of $2.33 by ($0.21), FiscalAI reports. Alcoa had a return on equity of 12.57% and a net margin of 8.27%.The company had revenue of $3.97 billion for the quarter, compared to analysts’ expectations of $3.99 billion.

Alcoa Stock Performance

Shares of NYSE AA traded down $1.65 during midday trading on Thursday, reaching $46.93. 6,424,608 shares of the stock were exchanged, compared to its average volume of 6,422,986. The company has a quick ratio of 0.88, a current ratio of 1.48 and a debt-to-equity ratio of 0.36. The firm has a market cap of $12.38 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 0.52 and a beta of 1.63. The firm has a 50-day simple moving average of $62.40 and a two-hundred day simple moving average of $62.64. Alcoa has a twelve month low of $28.11 and a twelve month high of $84.38.

Alcoa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Tuesday, May 19th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 19th. This represents a $0.40 dividend on an annualized basis and a yield of 0.9%. Alcoa’s payout ratio is presently 10.13%.

Alcoa News Roundup

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Alcoa secured final investment approval for a gallium production plant at its Wagerup refinery, backed by Australia, Japan, and the U.S., which could strengthen its strategic position in critical minerals. Australia, Japan, the United States and Alcoa Announce Final Investment Decision for Gallium Project in Western Australia
• Positive Sentiment: Management highlighted record quarterly revenue and strong operational performance, along with progress on smelter restarts, which supports the longer-term earnings outlook. Alcoa Corporation Reports Second Quarter 2026 Results
• Neutral Sentiment: Analyst and media commentary suggested investors had been looking for higher second-quarter revenue and earnings ahead of the report, keeping expectations elevated. How Investors May Respond To Alcoa (AA) Smelter Restarts Amid Alumina Headwinds And Shifting Segment Mix
• Negative Sentiment: Second-quarter EPS and revenue both missed consensus estimates, which is likely weighing on the stock more than the positive strategic announcements. View Press Release

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AA shares. Argus set a $73.00 price target on Alcoa in a research note on Monday, April 27th. Morgan Stanley restated an “equal weight” rating and issued a $53.00 price objective (down from $79.00) on shares of Alcoa in a research note on Wednesday, July 8th. Weiss Ratings upgraded Alcoa from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, June 17th. BMO Capital Markets increased their price target on shares of Alcoa from $65.00 to $75.00 and gave the stock a “market perform” rating in a report on Thursday, April 9th. Finally, Royal Bank Of Canada set a $70.00 price target on shares of Alcoa in a research report on Wednesday, July 1st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $64.91.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AA. Compound Planning Inc. acquired a new position in Alcoa in the 4th quarter worth about $306,000. Invesco Ltd. grew its holdings in Alcoa by 247.9% in the fourth quarter. Invesco Ltd. now owns 2,415,697 shares of the industrial products company’s stock valued at $128,370,000 after purchasing an additional 1,721,280 shares during the period. Corient Private Wealth LLC increased its position in shares of Alcoa by 52.5% in the fourth quarter. Corient Private Wealth LLC now owns 15,720 shares of the industrial products company’s stock valued at $835,000 after buying an additional 5,413 shares in the last quarter. Corecam AG purchased a new stake in shares of Alcoa in the fourth quarter valued at approximately $2,819,000. Finally, Beacon Pointe Advisors LLC acquired a new position in shares of Alcoa during the 4th quarter worth approximately $275,000. Hedge funds and other institutional investors own 82.39% of the company’s stock.

Alcoa Company Profile

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.