Alcoa Inc (NYSE:AA) innovates multi-material solutions that advance our world. The company’s technologies enhance transportation, from automotive and commercial transport to air and space travel, and improve industrial and consumer electronics products.
Alcoa (AA) is going to hold a conference call, on Monday, January 12 i.e., today, starting at 5:00 p.m. ET to talk about fourth quarter and full-year 2014 results and business developments. Klaus Kleinfeld, Chairman and Chief Executive Officer, William Oplinger, Executive Vice President and Chief Financial Officer will host the conference call. The conference call will be webcast live via Alcoa’s website, www.alcoa.com, with presentation materials accessible online at 4:15 p.m. ET.
With its Earnings Release, the company’s financials are predictable to offer valuable insights into the economy, especially the manufacturing sector. Alcoa Inc (NYSE:AA) is also anticipated to see active trading in Monday’s session.
Alcoa Inc (NYSE:AA) might have lost its position as part of Dow Jones Industrial Average, but it is still the center of attention for Citigroup Inc (NYSE:C), Goldman Sachs Group Inc (NYSE:GS), and JPMorgan Chase & Co.(NYSE:JPM) investors.
On last trading day, Alcoa Inc(NYSE:AA) gained 1.32% and close at $16.11. Its total traded volume was $16.73M shares as compared to average volume of $16.43M. The company has market cap of $18.99B. The stock has positive year-to-date (YTD) performance of 2.03% while its quarterly performance remained 9.52%.
Alcoa’s rebound is all about profitability, of course, not taxonomy. Balance in a formerly glutted alumina and aluminum market and a steady shift to higher-value-added products have revived margins. For example, forecasts for 2014 adjusted earnings per share, due Monday, have risen to 84 cents recently from 44 cents at the time it left the index. Forecasts for 2015 improved to $1.08 from 61 cents over the same time. The company is predictable to report fourth-quarter earnings of 27 cents a share, in accordance with a consensus survey by FactSet.
So the stock’s rebound has left it at twice the price with slightly less than twice the earnings to back that up. On a forward price/earnings multiple of nearly 15 times, Alcoa trades near its 10-year average of 16 times. Coming at a time of slowing global growth and a strengthening dollar that is dampening profits for many U.S. multinationals, that might prompt some investors to count their blessings and take profits.
Alcoa, has cut 31% of its smelting capacity since 2007 to control costs. The last several months have seen global stockpiles shrink and prices increase even as aluminum-heavy activities such as construction slowed in China.
