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4-Traders Homepage  >  Equities  >  Nyse  >  Alcoa Inc    AA

ALCOA INC (AA)
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Alcoa Inc. : Alcoa stock up on unexpected 1st-quarter profit

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04/11/2012 | 05:08pm CEST
An Alcoa employee works on a crane in front of an alumina silo in Alcoa Fjardaal aluminium smelter

NEW YORK (Reuters) - Shares in Alcoa Inc rose 7 percent on Wednesday, a day after the aluminum company posted a first-quarter profit instead of a loss Wall Street was expecting.

The late-Tuesday results from Alcoa, a Dow component company, helped lift stocks after five days of losses that had brought down the benchmark Standard & Poor's 500 index more than 4 percent.

Analyst Tony Rizzuto, of Dahlman Rose & Co, raised his full-year 2012 earnings estimate for Alcoa to 50 cents per share from 40 cents per share following Tuesday's results.

Alcoa reported income from continuing operations of $94 million, or 9 cents per share, while analysts had expected a loss of 4 cents per share.

"We are encouraged by these results, but are remaining somewhat cautious with our estimates until we see a sustained follow-through in performance," Rizzuto wrote in a research note.

"If productivity and operational gains can be maintained, we believe the market will begin to look more favorably at the shares," he said of Alcoa stock, which has dropped over 50 percent since reaching a year-high of $18.19 in April last year.

In morning trading on the New York Stock Exchange, Alcoa shares were 7 percent higher at $9.96.

(Reporting By Steve James)

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Financials ($)
Sales 2018 13 844 M
EBIT 2018 1 316 M
Net income 2018 583 M
Debt 2018 4 727 M
Yield 2018 1,39%
P/E ratio 2018 13,75
P/E ratio 2019 10,61
EV / Sales 2018 0,96x
EV / Sales 2019 0,92x
Capitalization 8 517 M
Technical analysis trends ALCOA INC
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Income Statement Evolution
Consensus
 
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 22,4 $
Spread / Average Target 29%
EPS Revisions
Managers
NameTitle
Charles P. Blankenship Chief Executive Officer & Director
John C. Plant Chairman
Ken Giacobbe Chief Financial Officer & Executive Vice President
Raymond J. Kilmer Chief Technology Officer & Executive VP
Arthur D. Collins Independent Director
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