|Bid||13.26 x 300|
|Ask||13.28 x 200|
|Day's Range||12.60 - 13.30|
|52 Week Range||12.60 - 24.77|
|PE Ratio (TTM)||19.57|
|Earnings Date||Aug 1, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||23.25|
Can Alcoa Recover from Its Recent Slump? As we noted previously, Alcoa (AA) saw a selling spree after its second-quarter earnings were released. Some observers attributed the fall to the negative impact from the Section 232 tariffs, which prompted Alcoa to lower its 2018 guidance.
Last week, Alcoa (AA) saw a selling spree. Alcoa has fallen to the lowest closing level this year. In this part, we’ll see what drove Alcoa’s price action last week and analyze whether the stock can recover from the slump.
Alcoa (AA) reported its second-quarter earnings on July 18. In this article, we’ll see how Alcoa performed on key financial metrics in the quarter. Alcoa reported revenues of $3.6 billion in the quarter as compared to $3.1 billion in Q1 2018 and $2.9 billion in Q2 2017.
Alcoa (AA) released its second-quarter earnings on July 18. Century Aluminum’s (CENX) earnings are scheduled for August 1. Alcoa was down in the after-hours trading session yesterday after its second-quarter earnings release.
CHICAGO, July 16, 2018-- Century Aluminum Company announced today that it has hired Craig C. Conti as Executive Vice President and Chief Financial Officer. Conti will join the Company on July 30, 2018 ...
Alcoa (AA) is scheduled to release its second-quarter earnings on July 18. Alcoa has received “strong buy” ratings from three analysts, while seven have given it “buy” or equivalent ratings. The remaining five analysts polled by Thomson Reuters on July 10 have rated Alcoa as a “hold.” Alcoa’s mean consensus price target of $65.31 represents a 36.4% upside over its July 10 closing price.
CHICAGO, July 11, 2018-- Century Aluminum Company will report second quarter 2018 earnings on Wednesday, August 1, 2018 after the close of market trading. The news release will be issued through GlobeNewswire. ...
Alcoa’s (AA) second-quarter earnings are scheduled to be released on July 18. In this article, we’ll see what analysts are projecting for the company’s second-quarter earnings. Analysts polled by Thomson Reuters expect Alcoa to post revenue of $3.46 billion in the second quarter.
As per a report by Transparency Market Research which was published last September 2017, the global Aluminum market is predicted to display a CAGR of 6.4% between 2017 and 2025. Progressing at this rate, the market will be valued at US$249.29 billion by the end of 2025 from US$143.87 billion in 2016.
US aluminum producers such as Alcoa (AA) and Century Aluminum (CENX) are having a dismal year despite the Section 232 tariffs. Alcoa (AA) stock trades at a solid EV-to-EBITDA multiple of ~3.5x for 2018. Its 2019 EV-to-EBITDA multiple stands at ~4.0x.
In this article, we’ll see how analysts are rating US aluminum producers. Century Aluminum (CENX) received “buy” ratings from two analysts polled by Thomson Reuters, and three analysts rated the stock as a “hold” or some equivalent. Alcoa (AA) received “strong buy” ratings from three analysts polled by Thomson Reuters on June 27, and seven analysts rated the stock as a “buy” or some equivalent.
It’s been more than two months since President Trump imposed a 10.0% tariff on US aluminum imports. In this series, we’ll see how the US aluminum markets have changed since the Section 232 tariffs. Alcoa (AA) announced the permanent closure of one of the four curtailed potlines at its Wenatchee smelter. However, Alcoa’s Warrick smelter is expected to come online this year.
President Trump has hardened his stance on trade issues, threatening tariffs on billions of dollars of Chinese goods. Meanwhile, despite Trump’s efforts to protect US steel and aluminum producers, markets haven’t warmed up to these sectors. U.S. Steel Corporation (X), AK Steel (AKS), Century Aluminum (CENX), and Alcoa (AA) are trading with year-to-date losses.
B. Riley initiated coverage on aluminum makers on Thursday, preferring Century Aluminum (CENX) over Alcoa (AA). Analyst Lucas Pipes launched coverage of Alcoa with a Neutral rating and a $47 price target. Pipes writes that alumina prices have been elevated on "unique events," which is an oblique way of referring to tariffs.
While aluminum prices are volatile, premiums tend to be sticky. The Section 232 tariffs have lifted US Midwest aluminum premiums, which should boost earnings of companies like Alcoa (AA) and Century Aluminum. Secondly, alumina prices (RIO) (XME) have already fallen to more normalized levels after Alunorte curtailment and RUSAL sanctions lifted prices to multiyear highs.
US-based aluminum producers including Alcoa (AA) and Century Aluminum (CENX) are trading with double-digit year-to-date losses despite the Section 232 tariffs President Trump imposed. Aluminum markets have been rattled by higher Chinese aluminum exports. China’s unwrought aluminum exports rose 12.8% in the first five months of the year and hit the second-highest level on record in May. Higher Chinese aluminum exports tend to put pressure on aluminum prices.
Today, WallStEquities.com draws investors' attention to the Aluminum industry, which consists of companies that are engaged in the mining and beneficiation of bauxite, and the smelting, refining, and processing of alumina and aluminum alloys. Lined up for assessment are Alcoa Corp. (NYSE: AA), Arconic Inc. (NYSE: ARNC), Century Aluminum Co. (NASDAQ: CENX), and Constellium N.V. (NYSE: CSTM).
Century Aluminum (CENX) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
WASHINGTON/PARIS (Reuters) - Canada and Mexico retaliated against the United State's decision on Thursday to impose tariffs on steel and aluminum imports and the European Union had its own reprisals ready to go, reigniting investor fears of a global trade war. The tariffs, announced by U.S. Commerce Secretary Wilbur Ross in a telephone briefing on Thursday, ended months of uncertainty about potential exemptions and suggested a hardening of the Trump administration's approach to trade negotiations. The measures, touted by President Donald Trump in March, drew condemnation from Republican lawmakers and the country's main business lobbying group and sent a chill through financial markets.
If the United States finally imposes import duty on steel and aluminum from EU, Canada and Mexico, these countries are likely to take retaliatory measures.
Century intends to make future announcements regarding Company developments and financial performance through its website, www.centuryaluminum.com. Century Aluminum Company owns primary aluminum capacity in the United States and Iceland. Century's corporate offices are located in Chicago, IL.
NEW YORK, May 30, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Crown ...
In the previous article, we looked at some of Alcoa’s (AA) bullish drivers. Chinese overcapacity is still among the biggest challenges for aluminum producers such as Rio Tinto (RIO) and Norsk Hydro (NHYDY). Chinese aluminum exports have been elevated this year despite President Donald Trump’s Section 232 tariffs.