|Bid||2.73 x 0|
|Ask||2.74 x 0|
|Day's range||2.73 - 2.77|
|52-week range||2.04 - 2.97|
|PE ratio (TTM)||16.06|
|Earnings date||20 Aug. 2018 - 24 Aug. 2018|
|Forward dividend & yield||0.24 (8.60%)|
|1y target est||2.21|
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Think aluminum prices have been going crazy? Primary aluminum is made from feeding gritty white alumina -- an oxide refined from bauxite ore that’s essentially the same stuff as rubies and sapphires -- into electrical furnaces. At the most basic level, years of rough balance between supply and demand seem to be finally running off the rails.
Alcoa is scheduled to release its 1Q18 earnings on April 18. In the previous articles, we’ve seen what analysts are projecting for Alcoa’s 1Q18 earnings and the key updates that markets might watch for in the company’s 1Q18 earnings call. Let’s now see how analysts are rating the stock ahead of its 1Q18 earnings release.
Aluminum surged to a six-year high as the impact of U.S. sanctions against United Co. Rusal continued to reverberate through the global market more than a week after they were announced, with buyers rushing ...
Alcoa (AA) expects global aluminum demand to exceed supply in 2018 on China’s supply-side reforms. Notably, China has been curtailing its polluting industrial capacity in a bid to control its rising smog levels during the winter months.
In this part, we’ll see what Alcoa’s (AA) management had to say about aluminum’s demand-supply equation during its 4Q17 earnings call. First, let’s see what Alcoa had to say about the 2017 market balance. According to Alcoa, global bauxite and alumina markets (AWC) were balanced in 2017.
Alcoa (AA) reported its 4Q17 earnings on January 17, 2018, after the markets closed. The company posted an adjusted EPS (earnings per share) of $1.04 in 4Q17. Alcoa’s 4Q17 earnings fell short of analysts’ top line and bottom line estimates.
Alcoa (AA) expects to generate adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) between $2.6 billion and $2.8 billion in fiscal 2018. The guidance has baked in average LME (London Metals Exchange) aluminum prices of $2,200 per metric ton and API (alumina price index) of $390 per metric ton. In arriving at this guidance, Alcoa has assumed almost flat alumina (AWC) and bauxite shipments as compared to 2017 with a slight decrease in its aluminum shipments (CENX).
China is curtailing its polluting steel and aluminum capacity in a bid to address rising pollution levels. China exported 440,000 metric tons of unwrought aluminum last month—a YoY (year-over-year) increase of 12.8%. Last year, China’s aluminum exports rose 4.5%—compared to 2016.
In this article, we’ll see what the market would like to hear on Alcoa’s 4Q17 earnings call. For metal and mining companies (RIO)(AWC) like Century Aluminum (CENX) and South32 (S32), the macro environment—which includes metal and raw material prices—is equally if not more important than company-specific factors. Speaking of aluminum, we’ve seen that prices are sensitive to China’s demand-supply dynamics.