South32
Related Articles
Alcoa: Could There Be a Surprise in Its Q4 Earnings?
Alcoa (AA) is scheduled to release its fourth-quarter earnings on January 16 after the markets close.
Would Alcoa Have Been Better Off without the Section 232 Tariffs?
hile Century Aluminum (CENX) responded positively to the move and announced a smelter restart a few days after the tariffs, Alcoa’s (AA) response was measured from the very beginning.
Alcoa: Is It Time to Be Greedy as Markets Get Fearful?
Previously in this series, we looked at recent trends in aluminum prices. In this article, we’ll see how markets are valuing US aluminum producers after last week’s sell-off.
Alcoa or Century Aluminum: Which Stock Are Analysts Bullish On?
In this article, we’ll take a look at how analysts are rating different aluminum producers.
What Risks Do Alcoa and Other Aluminum Producers Face in 2018?
As President Donald Trump looks inclined to impose tariffs on aluminum imports, we could see an increase in US aluminum production.
How Does Alcoa’s Financial Position Look in 2018?
As commodity prices have risen significantly over the last two years, metals and mining companies’ balance sheets also look much healthier.
Why You Shouldn’t Give Up on Alcoa despite Its Recent Weakness
Despite Alcoa’s recent weakness, its downside could be limited. Let’s discuss this in perspective.
How President Trump’s Tariffs Could Affect Aluminum Prices
Aluminum prices have moved largely sideways with a negative bias this year.
Have Markets Been Harsh on Alcoa This Year?
Leading US-based aluminum producer Alcoa is having a tepid 2018. The stock has fallen 16.3% so far in the year.
Why US Aluminum Production Isn’t Rising—Despite Higher Prices
US aluminum production has been in a falling trend for quite some time now, and current production levels are hovering near multiyear lows.
Why Protectionism Alone Won’t Necessarily Put the US Aluminum Industry in Order
The US Commerce Department has recommended three options to curb aluminum imports.
Will Tariffs Make US Aluminum Producers Great Again?
Last week, the US Commerce Department released the results of its Section 232 imports probe.
Has Aluminum Found a Way to Live with Higher Chinese Exports?
Higher Chinese aluminum exports are a risk for aluminum markets. The markets have found a way to live with Chinese aluminum exports—at least for now.
Is the Macro Environment Supportive for Aluminum Producers?
While aluminum’s (XME) upside could be limited this year after two years of strong gains, there is no reason to expect a sharp fall in prices.
How Alcoa Plans to Address Its Legacy Issues
Alcoa (AA) generated free cash flows (or FCF) of $305 million in 4Q17, taking its fiscal 2017 FCF to $819 million.
Alcoa: What the Headline Numbers Don’t Show
As of December 31, 2017, Alcoa had a net pension and OPEB (other post-employment benefits) liability of $3.5 billion.
What Analysts Expect for Alcoa’s 2018 Earnings
According to the consensus estimates compiled by Thomson Reuters, analysts expect Alcoa to post adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $2.5 billion in 2018.
A Look at Alcoa’s Valuation after Last Week’s Fall
Alcoa is valued at an enterprise value of 4.5x its 2018 consensus EBITDA and at 4.8x its consensus 2019 EBITDA.
Alcoa and Metal Prices: Is the Divergence Justified?
The sell-off in Alcoa’s stock intensified last week amid the correction in broader markets.
What’s Ahead for Alcoa after a Tough January?
Alcoa (AA), the leading US-based integrated aluminum producer, has lost 8.9% so far in 2018 based on February 2 closing prices.
China’s Supply-Side Reforms Could Impact Aluminum in 2018
Alcoa (AA) expects global aluminum demand to exceed supply in 2018 on China’s supply-side reforms.
Alcoa Discussed Aluminum’s Demand-Supply Equation
According to Alcoa, global aluminum demand growth was more than 5% YoY in 2017. It expects global aluminum demand to grow 4.25%–5.25% in 2018.
Alcoa Is Optimistic about Aluminum’s 2018 Outlook
Alcoa (AA) reported its 4Q17 earnings on January 17, 2018, after the markets closed. The company posted an adjusted EPS of $1.04 in 4Q17.
How Alcoa Fared in 4Q17
While Alcoa’s 4Q17 earnings rose sharply as compared to previous quarters, the quarterly results fell short of expectations.
Aluminum Exports: China’s Numbers Don’t Add Up
Looking at China’s aluminum production, it rose 2.7% YoY in the first 11 months of 2017. The fiscal data could show even lower production growth.
How Wall Street Sees Alcoa ahead of Its 4Q17 Earnings
Alcoa (AA), the leading US-based aluminum producer, is expected to release its 4Q17 earnings on January 17 after the markets close.
Alcoa’s Valuation: Is There Scope for Multiple Expansion in 2018?
In this part of our series, we’ll see how markets are valuing Alcoa (AA). Specifically, we’ll look at the forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple…
What Markets Would Like to Hear on Alcoa’s 4Q17 Earnings Call
Previously, we’ve looked at analysts’ projections for Alcoa’s (AA) 4Q17 earnings. In this article, we’ll see what the market would like to hear on Alcoa’s 4Q17 earnings call.
Can Alcoa Deliver Higher Profits in 4Q17?
In this article, we’ll see what analysts are projecting for Alcoa’s (AA) 4Q17 adjusted EBITDA (earnings before interest, tax, depreciation, and amortization).
Can Alcoa’s 4Q17 Earnings Keep Investors’ Optimism Alive?
Alcoa (AA), the leading US-based aluminum producer (XME), is expected to release its 4Q17 earnings on January 17. In this series, we’ll see what analysts are projecting for Alcoa’s 4Q17 results.
Analysts’ Recommendations on Alcoa before 2018
Three analysts rated Alcoa stock as a “strong buy,” seven analysts rated it as a “buy,” and four analysts rated it as a “hold” or some equivalent.
What Can Aluminum Producers Expect in 2018?
US aluminum producers could look forward to some support from the Trump Administration next year.
Aluminum Supply: What Investors Should Watch in 2018
After its split, Alcoa (AA) became a pure-play aluminum producer (S32) (CENX). Like other aluminum producers, Alcoa’s fortunes are tied to metal prices.
Aluminum Markets Got Dislocated in 2017
Higher alumina prices weren’t backed by a commensurate increase in aluminum prices. As a result, we saw some dislocation in aluminum markets.
Analyzing Alcoa’s Journey in 2017
Alcoa (AA) made a closing high of $38.54 on February 14, 2017. Alcoa made its fresh 52-week high in October as aluminum moved to higher price levels.
Alcoa’s 2018 Outlook: Will the Stock Continue to Rise?
Alcoa (AA) has had a nice run in 2017. Although the stock has come off its 2017 highs, it’s trading with strong year-to-date gains of 65.6%.
Why We See a Divergence in Chinese Steel and Aluminum Exports
Chinese steel production has risen significantly this year. China produced 72.4 million tons of steel in October 2017, a 6.1% rise year-over-year (or YoY).
Is the Aluminum Rally Over as Chinese Exports Refuse to Die Down?
Last month, China exported 380,000 metric tons of unwrought aluminum, which is similar to the corresponding month in 2016.
Aluminum Prices Have Come under Pressure after 1H17
Aluminum was among the best-performing base metals in 1H17. It outperformed several other industrial metals including copper.