The reporting season will kick off in earnest on Monday afternoon with Alcoa (AA) reporting after the bell. Wall Street analysts are on average expecting the New York City-based metals engineering and manufacturing company to post $5.13 billion in sales during the quarter. This would show a 2.29% decline from the Q415 revenue of $5.25 billion, as well as a decline of 11.55% from the same period in 1Q15. EPS in 1Q16 are expected to come in at $0.03, a growth rate of 7.14% from $0.28 per share a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.03 per share.
As a quick reminder, Alcoa reported 4Q15 EPS of $0.04, $0.02 better than the Street’s consensus estimate. Revs came in 17.97% lower yoy to $5.25 billion vs. the $5.43 billion consensus.
Ending Friday’s session at $9.37, shares of Alcoa Inc. climbed 0.32% during extended hours after a total of more than 35 million shares changed hands. The name, currently valued at $12.32 billion, has a median Street price target of $10.25 with a high target of $14.00. Alcoa is down 28.16% year-over-year, compared with a 2.14% loss in the S&P 500.
As for passive income investors, AA pays shareholders $0.12 per share annually in dividends, yielding 1.27%. Five year average dividend yield currently stands at 1.15%.