Alcoa Corporation is in the metals and mining industry and basic materials sector. The company CEO is Roy Christopher Harvey. Alcoa Corp is an integrated aluminum company. The company engages in aluminum production from bauxite mining to manufactures finished aluminum goods. It serves finished aluminum goods to a wide-variety of industrial end markets.
Previous Intraday Performance:
The AA shares had a previous change of -0.99% which opened at 23.54 and closed at 23.01. It moved to an intraday high of 23.60 and a low of 22.97.
SeekingAlpha: The Good Business Portfolio: Q1 2019 Earnings And Performance Review
Historical Performance:
Over the last five trading days, AA shares returned -4.09% and in the past 30 trading days it returned -18.66%. Over three months, it changed -21.31%. In one year it has changed -54.32% and within that year its 52 week high was 50.59 and its 52 week low was 22.97. AA stock is 0.17% above its 52 week low.
Our calculations result in a 200 day moving average of 32.54 and a 50 day moving average of 27.02. Right now, AA stock is trading -29.28% below its 200 day moving average and may not be a great opportunity to buy as it may continue to trend down.
SeekingAlpha: The Good Business Portfolio: Q1 2019 Earnings And Performance Review
Liquidity:
The company has a market cap of $4.3b with 185.5m shares outstanding and a float of 184.9m shares. Trading volume was 3,779,400 shares and has experienced an average volume of 3,691,220 shares. Our calculation, using the current average volume and close price, leads me to believe that the liquidity is good.
Earnings:
The last annual reported EPS for Alcoa Corporation was 1.44 which ended on 31st of December 2018, which according to the previous close, that is a PE of 15.98. Based on 5 analyst estimates, the consensus EPS for the next quarter is -0.18. The trailing twelve month EPS reported is 3.58 (trailing twelve month diluted EPS is -0.67), which comes to a trailing twelve month PE of 6.43.
Below was the last reported quarterly diluted earnings per share:
| 1st | Qtr 2019 | -1.07 |
|---|---|---|
| 4th | Qtr 2018 | 0.23 |
| 3rd | Qtr 2018 | -0.22 |
| 2nd | Qtr 2018 | 0.39 |
| 1st | Qtr 2018 | 1.04 |
Base on our calculations, the intrinsic value per share is 43.03, which means it might be undervalued and has a margin of safety of 46.52%.
The long-term trend of the EPS is an important number as it indicates the present value of Alcoa Corporation; the EPS growth rate, as it is typically called, is usually expressed as a percentage, which at this time is hard to estimate, but revenue growth has been 7.60% over the last twelve months.
Indicators Also to Watch:
Short-interest was 6,421,435, which was 3.46% of shares outstanding. The short-interest ratio or days-to-cover ratio was 2.01. This stock has some short interest, but it might be normal and no need to worry if long the position.
The beta was calculated to be 1.41.
Fundamental Numbers:
Based on last reported financials, the company’s return on equity is -3.17%, return on assets is -1.01%, profit margin is 4.14%, price-to-sales is 0.33 and price-to-book is 0.83.
Company Score Card:
Results are out of six:
3 : Growth Expectations Result
4 : Financial Safety Result
0 : Past Performance Result
3 : Valuation Result
0 : Dividend Safety Result
2 : Overall Result
Related Tags: AA, Alcoa Corporation, Basic Materials, Metals And Mining
