
The AA ticker symbol is an interesting one, and its performance in the market is worth taking a closer look at.
The American Automobile Association (AAA) is a well-established company with a long history of providing roadside assistance and other services to its members.
Its stock has been publicly traded since 1976, and over the years, it has experienced its fair share of ups and downs.
In terms of market performance, the AA stock has generally trended upward over the past decade, with some notable exceptions.
Earnings and Financials
Alcoa Corporation has reported better-than-expected earnings for the third quarter, with a strong improvement in 2024 underlying income to USD 296 million from negative USD 405 million.
The company's financial strength is evident in its quick ratio, which stands at 0.67, indicating that it has sufficient liquidity to meet its short-term obligations. Alcoa's current ratio is also impressive, at 1.41.
The table below breaks down Alcoa's financial metrics, including its quick ratio, current ratio, and interest coverage.
Alumina futures have softened considerably from a peak of USD 800 per metric ton, but remain strong.
Earnings: Strong Result
Alcoa's earnings have seen a significant improvement in 2024, with a strong underlying income of USD 296 million.
This improvement is largely due to a 32% rise in alumina prices to USD 472 per metric ton.
Alumina futures, which were once strong, have softened considerably from a peak of USD 800 per metric ton.
Alcoa's performance is reflected in its financial metrics, which show a notable improvement in earnings growth year-over-year (YOY) at 81%.
Here are some key financial metrics that highlight Alcoa's performance:
Note that despite the strong earnings, Alcoa's profit margin remains negative at -2.65%.
Financial Strength
Alcoa Corporation's financial strength is a mixed bag. The company's quick ratio is 0.67, which indicates that it may have difficulty paying its short-term debts.
The current ratio, however, is 1.41, suggesting that Alcoa has some liquidity to cover its short-term obligations.
Interest coverage is a concern, with a ratio of 0.09, meaning the company may struggle to meet its interest payments.
Here's a comparison of Alcoa's financial metrics with those of its peers:
The differences in financial strength between Alcoa and its peers are striking, and may have implications for investors considering the company.
Financial Performance
In 2023, Alcoa's revenue was $10.55 billion, a decrease of -15.26% compared to the previous year's $12.45 billion.
Alcoa's financial performance has been impacted by a decline in revenue over the past year. This is evident in the company's reported losses of -$651.00 million, which is a significant increase of 429.3% compared to 2022.
The company's net income has been in the red, with a loss of -$651.00 million in 2023.
Alcoa's financials are available in the form of earnings transcripts, which provide a detailed breakdown of the company's financial performance.
Here are some key financial metrics for Alcoa:
Alcoa's financial performance is also reflected in its stock price, which has been impacted by the company's financial struggles. The stock's market value is $9,225,857,000, and it has a primary exchange on the NYSE.
The company's financial performance is expected to improve in the future, with analysts forecasting a revenue of $13,294 billion in 2025.
Market Performance
Alcoa's revenue in 2023 was $10.55 billion, a decrease of -15.26% from the previous year's $12.45 billion.
The company's losses were -$651.00 million, a significant increase of 429.3% from 2022.
In the third quarter of 2024, Alcoa's earnings exceeded EPS forecasts, highlighting its strong operational performance.
Here are some key market performance metrics for Alcoa:
Analysts are optimistic about Alcoa's future performance, with an average rating of "Strong Buy" from 10 analysts and a 12-month stock price forecast of $46.33, representing a 29.74% increase from the latest price.
Analyst Forecast
According to analyst forecasts, AA stock has an average rating of "Strong Buy" from 10 analysts. This indicates a high level of confidence in the stock's potential for growth.
The 12-month stock price forecast for AA stock is $46.33, which represents a significant increase of 29.74% from the latest price. This suggests that investors can expect substantial returns on their investment if they buy into AA stock now.
Alcoa's recent Q3 2024 earnings exceeded EPS forecasts, highlighting the company's strong operational performance. This achievement underscores the company's potential for long-term success.
The recent stock price dip for Alcoa may present a buying opportunity, as the company's strong earnings suggest it may be undervalued.
Performance Overview

Alcoa's revenue took a hit in 2023, decreasing by 15.26% to $10.55 billion.
The company's losses were substantial, reaching -$651.00 million, a 429.3% increase from 2022.
Despite this, analysts are optimistic about Alcoa's stock, with an average rating of "Strong Buy" from 10 analysts.
Their 12-month stock price forecast is $46.33, representing a 29.74% increase from the latest price.
In the past year, Alcoa's stock has outperformed the S&P, with a 37.16% increase compared to the S&P's 23.49% gain.
Here's a comparison of Alcoa's performance with the S&P over different time periods:
Alcoa's recent Q3 2024 earnings exceeded EPS forecasts, highlighting its strong operational performance.
The company's stock price has experienced a significant dip, but some analysts believe it presents an attractive opportunity.
In the past, Alcoa's stock has experienced a sharp decline, falling almost 60% since its peak in March 2022.
Alcoa's market value is substantial, with a market cap of $9,225,857,000.
The company's primary exchange is the NYSE, where its stock is listed under the ticker symbol AA.
Alcoa's financial performance has been mixed, with a revenue growth of 11.6% YOY and an earnings growth of 81% YOY.
However, its profit margin is negative, standing at -2.65%.
The company's diluted EPS (TTM) is -$1.56, indicating a significant loss.
Lost Momentum This Week
Alcoa stock lost momentum this week due to the aluminum market cracking under global pressures. This is a significant development in the market performance, as aluminum is a key commodity in the industry.
The aluminum market is a crucial sector in the global economy, and its performance can have a ripple effect on other markets. The fact that it's cracking under global pressures is a clear indication of the challenges facing the market.
Global pressures, such as trade tensions and economic uncertainty, are taking a toll on the aluminum market. This is causing a chain reaction in the market performance, leading to a loss of momentum for Alcoa stock.
Valuation and Dividends

The AA ticker symbol has a market capitalization of over $250 billion, giving investors a significant amount of buying power.
Its dividend yield is around 3.5%, which is relatively high compared to other stocks in the industry.
The company has a long history of paying consistent dividends, with a payout ratio of around 50%.
Valuation
Valuation is a crucial aspect of investing, and it's essential to understand the various metrics that help us evaluate a company's worth.
The Price/Earnings (Normalized) ratio is a key metric, and in this case, we see that AA has a ratio of 37.70, while S32 has a ratio of 37.56, and BHP has a much lower ratio of 10.65.
A lower Price/Earnings ratio often indicates a more undervalued stock, which can be a good opportunity for investors.
The Price/Book Value ratio can also provide valuable insights, with AA having a ratio of 1.81, S32 having a ratio of 1.14, and BHP having a ratio of 2.85.
Here's a summary of the valuation metrics for each company:
The Price/Cash Flow ratio can also be a useful metric, with AA having a ratio of 6.91, S32 having a ratio of 7.62, and BHP having a ratio of 6.48.
Ex-Dividend Reminder - 10/29/24
On 10/29/24, Alcoa will trade ex-dividend, marking the start of a new dividend period for its shareholders.
Alcoa's quarterly dividend of $0.10 is a significant aspect of its dividend strategy, providing a regular income stream for investors.
As a percentage of AA's recent stock price of $42.02, this dividend works out to approximately 0.24%, a relatively modest yield compared to other dividend-paying stocks.
Alcoa's dividend payout is scheduled to be made on 11/15/24, a date that investors should mark in their calendars to ensure they receive their dividend payment.
News and Events
Altaba Inc., the parent company of Yahoo, listed on the NASDAQ stock exchange with the ticker symbol AABA, is no longer a separate entity as it merged with Verizon Communications in 2017.
The ticker symbol AABA was replaced by VZ, Verizon's own ticker symbol, after the merger.
Earnings Transcripts
AA has released earnings transcripts for the period ending September 30, 2021.
These transcripts provide a detailed account of the company's financial performance during that quarter.
You can also find AA's earnings call for the period ending June 30, 2021, which offers insights into the company's financials during that time.
This information can be useful for investors and analysts looking to understand AA's financial situation.
Why Shares Plunged Today
Shares plunged today because of a connection to one of its materials peers.
The stock got sold off in sympathy, which is a common phenomenon in the market.
This means that investors likely reacted to news about the peer company, even if it wasn't directly related to the company in question.
This can happen when investors are worried about the overall health of a particular industry or sector.
Opportunities and Trends
The world of AA ticker symbol is full of opportunities and trends that are worth exploring.
AA is a well-established company with a rich history dating back to 1924, as we learned in the "Company Overview" section.
The company has a strong presence in the travel industry, with a fleet of over 600 aircraft and a network of over 200 airports worldwide.
One trend that's worth noting is the increasing demand for air travel, which is driving the growth of the airline industry.
As we saw in the "Financial Performance" section, AA has been consistently profitable over the years, with a net income of over $1 billion in 2020.
The company's focus on customer service and innovation has helped it stay ahead of the competition.
AA's commitment to sustainability is another trend worth mentioning, as it aims to reduce its carbon emissions by 50% by 2035.
The company's efforts to modernize its fleet and improve operational efficiency are key to achieving this goal.
AA's strong brand recognition and customer loyalty are also key drivers of its success.
By staying focused on these trends and opportunities, AA is well-positioned for continued growth and success in the years to come.
Snapshot and Calendar
The Alcoa Corp has a consistent dividend payout of $0.40 since 2022, with a yield ranging from 0.88% to 1.18%.
Looking at the dividend calendar, we can see that the company has paid dividends every year since 2003, with some years having a higher payout than others.
The highest dividend payout in recent years was $2.34 in 2009, which is significantly higher than the current payout of $0.40.
Here's a breakdown of the dividend calendar from 2003 to 2024:
Frequently Asked Questions
Is AA stock a good buy now?
Based on analyst consensus, AA stock is a Strong Buy with a potential 29.38% increase from its current price, making it a promising investment opportunity. However, it's essential to do further research and consider your individual financial goals before making a decision.
What is the ticker symbol for Alcoa aluminum?
The ticker symbol for Alcoa aluminum is AA. This symbol is used for trading Alcoa Corp's stock on various stock exchanges.
Should I sell my Alcoa stock?
Based on the current analyst recommendations, it's unlikely you should sell your Alcoa stock, as 50% of analysts recommend a Strong Buy and 87.5% recommend either a Strong Buy or a Buy. However, it's always a good idea to do your own research and consider multiple perspectives before making a decision.
Does Alcoa aluminum pay a dividend?
Yes, Alcoa Corporation (AA) pays an annual dividend of $0.40 per share. The company's dividend payment schedule and eligibility requirements can be found in the ex-dividend date information.
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