|Bid||17.65 x 100|
|Ask||17.72 x 300|
|Day's range||17.57 - 18.29|
|52-week range||12.09 - 24.77|
|PE ratio (TTM)||34.61|
|Earnings date||3 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||24.40|
Alcoa (AA) released its 1Q18 earnings on April 18, 2018, after the markets closed. The company reported revenues of $3.09 billion in 1Q18—compared to $3.17 billion in 4Q17 and $2.65 billion in 1Q17. Alcoa’s 1Q18 earnings were better than expected.
Snap-on's (SNA) first-quarter results are likely to gain from robust performance in the Repair Systems & Information as well as Commercial & Industrial segments.
In the previous article, we saw what analysts are projecting for Alcoa’s (AA) 1Q18 earnings. In this part, we’ll look at the key updates that markets might watch for in Alcoa’s 1Q18 earnings call. The macro environment has been quite volatile for aluminum.
Alcoa’s (AA) 1Q18 earnings are expected on April 18. Bauxite, alumina, and aluminum are the three key commodities that Alcoa sells. Analysts polled by Thomson Reuters expect Alcoa to post revenues of $3.08 billion in 1Q18.
Alcoa (AA) is scheduled to release its 1Q18 earnings on April 18. Overall, 2018 is turning out to be a volatile year for Alcoa and other aluminum producers like Century Aluminum (CENX), Rio Tinto (RIO), and Norsk Hydro (NHYDY).
President Trump has imposed sanctions on some Russian entities, including RUSAL. The company was once the largest global aluminum producer and is still a major player in aluminum markets, accounting for almost 6% of global aluminum production. Not surprisingly, aluminum prices rose sharply after the sanctions. Before, aluminum prices briefly dipped below $2,000 per metric ton amid the US-China trade war.
The sell-off in index heavyweights like Facebook (FB) and Amazon (AMZN) has impacted broader market indices. Facebook is facing scrutiny due to how it handled users’ data. Amazon saw selling pressure after President Trump targeted the company in a tweet. The PowerShares QQQ ETF (QQQ) has pared some of its 2018 gains based on the closing prices on April 10.
The Zacks Analyst Blog Highlights: Triumph Bancorp, Century Aluminum, Boise Cascade, Arch Coal and Oasis Midstream
Analysts are looking for a strong Q1 earnings season, mostly in response to the corporate tax cut policy signed into law last December, and robust economic growth both at home and abroad.
One of the hardest-hit U.S. stocks from the new sanctions against Russia? The $177 million Central & Eastern European Fund (CEE), a closed-end mutual fund that trades like a stock. While FactSet’s broad index of Russia stocks looks dirt cheap on 6.5 times forecast earnings, it has been there for years.
Aluminum stocks rose on Monday amid higher prices for the commodity after U.S. sanctions hit top Russian producer Rusal.
The American aluminum industry is getting a double benefit from Donald Trump’s harder stance on trade and Russian oligarchs.
Aluminum prices jump after the U.S. announces sanctions on Russia late last week, including the country’s aluminum giant United Company Rusal. The metal likely has further room to run to the upside.
Under Trump's Presidency, manufacturing sector is witnessing strong business spending at factories for expensive durable items such as machinery and vehicles.
China's retaliatory tariffs on imports worth $3 billion will only make matters more difficult for a number of U.S. companies, whose revenues depend on bulk exports to China.
Is the Sell-Off in US Aluminum Producers Justified? As we noted previously in this series, aluminum prices have seen downward pressure this year. Lower aluminum prices are negative for aluminum producers like Rio Tinto (RIO) and Norsk Hydro (NHYDY).
Is the Sell-Off in US Aluminum Producers Justified? As we noted previously in this series, aluminum prices have seen downward pressure this year. Among other factors, fear of a trade war seems to be playing heavily on aluminum prices. As a traded commodity, aluminum prices also tend to reflect market sentiment along with underlying demand and supply dynamics.
Is the Sell-Off in US Aluminum Producers Justified? Last week, President Trump temporarily exempted some countries from the Section 232 tariffs. According to the Commerce Department, the United States imported ~6 million metric tons of aluminum in 2016.
Is the Sell-Off in US Aluminum Producers Justified? As we noted previously in this series, both Alcoa (AA) and Century Aluminum (CENX) have now turned negative for the year. Alcoa’s earnings, like other aluminum producers’, is sensitive to aluminum prices.
The key driver has been the risk of a trade war between the United States and China, the world’s largest and second-largest economies, respectively. President Trump, who has frequently vowed to protect US manufacturing jobs and lashed out against China’s trade policies, took two major steps last week. President Trump exempted several countries from the Section 232 tariffs.