Alcoa (NYSE:AA) Issues Earnings Results

Alcoa (NYSE:AA) posted its earnings results on Thursday. The industrial products company reported $1.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.20), FiscalAI reports. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.35 billion. Alcoa had a return on equity of 16.19% and a net margin of 9.12%.The company’s revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.15 earnings per share.

Here are the key takeaways from Alcoa’s conference call:

• Strong Q1 financials — adjusted EBITDA was $595 million, adjusted net income $373 million ($1.40/sh), the company ended March with $1.4 billion of cash and has issued notice to redeem $219 million of 2028 notes as part of a deleveraging plan.
• Aluminum fundamentals and execution are tailwinds: LME prices rose ~10% sequentially, Aluminum segment adj. EBITDA increased $174 million and Q2 is expected to benefit ~+$55 million from higher prices, premiums, inventory repositioning and stronger value‑add demand; Alcoa also notes less than 1% exposure to spot electricity.
• Alumina faces near‑term headwinds — third‑party revenue fell 33% q/q, alumina adj. EBITDA decreased $52 million due to lower prices, weaker bauxite margins and shipping disruptions (Middle East conflict and Cyclone Narelle), and the San Ciprián refinery remains loss‑making despite a smelter restart.
• Strategic progress is steady but value/timing uncertain: Western Australia mine approvals remain on track for ministerial approval by year‑end 2026, Massena East is in advanced talks for a data‑center sale, and two other idle‑site monetizations are being pursued.

Alcoa Stock Up 0.2%

Alcoa stock opened at $70.53 on Friday. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 15.96 and a beta of 1.70. The firm’s fifty day moving average price is $63.89 and its two-hundred day moving average price is $52.49. Alcoa has a 1-year low of $22.68 and a 1-year high of $75.70. The company has a current ratio of 1.44, a quick ratio of 0.87 and a debt-to-equity ratio of 0.40.

Alcoa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Tuesday, March 10th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, March 10th. This represents a $0.40 annualized dividend and a yield of 0.6%. Alcoa’s dividend payout ratio is presently 9.05%.

Key Headlines Impacting Alcoa

Here are the key news stories impacting Alcoa this week:

• Positive Sentiment: Higher aluminum prices are supporting profitability — commodity moves near four‑year highs improve the outlook for Alcoa’s realized pricing and margins. As Aluminum Prices Hit 4-Year Highs, Should You Buy Alcoa Stock?
• Positive Sentiment: Adjusted EPS modestly beat consensus (Alcoa reported $1.40 adj. EPS vs. Wall Street estimates nearer $1.36), which is a partial offset to the revenue shortfall. Alcoa (AA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
• Positive Sentiment: Management tone: CEO William Oplinger told media the company is “expecting a better second quarter,” which could reassure investors about sequential improvement. Alcoa CEO on Q1 results: Company is ‘expecting a better second quarter’
• Neutral Sentiment: Analyst views and targets are mixed but generally elevated (median recent target ~$75); keep an eye on revisions after the quarter. Alcoa Corporation (AA) Stock Falls on Q1 2026 Earnings
• Neutral Sentiment: Company release and slide deck outline results and commentary — useful for checking management’s details on volumes, pricing and capex. Alcoa Corporation Reports First Quarter 2026 Results
• Negative Sentiment: Revenue missed expectations — Q1 revenue was roughly $3.19B (down ~5% y/y) and below consensus, which drove the immediate selloff. Alcoa falls 5% as Q1 earnings and revenue miss estimates
• Negative Sentiment: Margins and operating metrics showed pressure — gross and operating profit declined year over year and operating cash flow was negative, raising short‑term liquidity/operational questions. Alcoa Corporation (AA) Stock Falls on Q1 2026 Earnings
• Negative Sentiment: Geopolitical headwind: Alcoa flagged an estimated ~$15M unfavorable impact to adjusted earnings from the Iran conflict, a modest but tangible near‑term drag. Alcoa Profit, Sales Fall on Lower Shipments

Wall Street Analyst Weigh In

AA has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on Alcoa from $68.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Wall Street Zen raised Alcoa from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. B. Riley Financial increased their price target on Alcoa from $78.00 to $96.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Zacks Research raised shares of Alcoa from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 10th. Finally, Morgan Stanley upgraded shares of Alcoa from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $64.00 to $80.00 in a research note on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $61.73.

Institutional Investors Weigh In On Alcoa

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new stake in Alcoa in the third quarter worth about $27,000. Caitong International Asset Management Co. Ltd grew its position in shares of Alcoa by 5,281.8% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 592 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 581 shares during the period. Quarry LP increased its stake in shares of Alcoa by 96.0% during the 4th quarter. Quarry LP now owns 694 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 340 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Alcoa by 91.9% in the 3rd quarter. NewEdge Advisors LLC now owns 1,161 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 556 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Alcoa by 64.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 910 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 356 shares during the period.

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.