Davenport research analysts raised their EPS （earnings per share） estimates for shares of Alcoa Inc. （NYSE: AA） in a research note issued to investors on Monday. They are boosting their ’11 and ’12 EPS estimates to $1.12 and $1.40, respectively （from $1.05 and $1.32 previously） as a result of higher aluminum prices.
Alcoa Inc. （NYSE: AA）’s stock traded up 0.20% on Thursday, hitting $15.16. Alcoa Inc. has a 52 week range of $9.81 to $17.60. The stock’s 50-day moving average is $14.0 and its 200-day moving average is $12.14. Analysts predict on average that Alcoa Inc. will post $0.24 earnings per share next quarter. The company has a market cap of $15.485 billion and a P/E （price-to-earnings ratio） of N/A.
About Alcoa Inc. （NYSE: AA）
Alcoa Inc. （Alcoa） is engaged in the production and management of primary aluminum, fabricated aluminum, and alumina combined. The Company’s products are used worldwide in aircraft, automobiles, commercial transportation, packaging, building and construction, oil and gas, defense, and industrial applications. Alcoa is a global company operating in 31 countries. Based upon the country where the point of sale occurred, the United States （U.S.） and Europe generated 52% and 27%, respectively, of Alcoa’s sales during the year ended December 31, 2009. In addition, Alcoa has investments and operating activities in Australia, Brazil, China, Iceland, Guinea, Russia, and the Kingdom of Saudi Arabia. Alcoa’s operations consist of four worldwide segments: Alumina, Primary Metals, Flat-Rolled Products, and Engineered Products and Solutions. In August 2010, the Company acquired Traco, a maker of windows and doors for the commercial building and construction market.
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