Kaiser Aluminum (NASDAQ:KALU) will be releasing its earnings data after the market closes on Tuesday, April 17th. Analysts expect Kaiser Aluminum to post earnings of $1.62 per share for the quarter.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings data on Wednesday, February 21st. The industrial products company reported $1.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.26 by ($0.04). Kaiser Aluminum had a net margin of 3.25% and a return on equity of 11.35%. The firm had revenue of $353.00 million during the quarter, compared to analyst estimates of $348.95 million. During the same period in the previous year, the firm posted $1.27 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, analysts expect Kaiser Aluminum to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Shares of NASDAQ KALU opened at $102.31 on Tuesday. Kaiser Aluminum has a twelve month low of $76.73 and a twelve month high of $116.86. The company has a quick ratio of 2.59, a current ratio of 3.79 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $1,697.40, a PE ratio of 20.10, a PEG ratio of 1.04 and a beta of 0.60.
In related news, EVP John Malcolm Donnan sold 6,783 shares of the business’s stock in a transaction on Monday, March 12th. The stock was sold at an average price of $107.10, for a total transaction of $726,459.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jack A. Hockema sold 9,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $104.01, for a total value of $936,090.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,391 shares of company stock valued at $2,474,402 over the last three months. 3.00% of the stock is currently owned by insiders.
A number of brokerages have recently weighed in on KALU. BidaskClub cut Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. Goldman Sachs began coverage on Kaiser Aluminum in a research note on Tuesday, March 20th. They issued a “neutral” rating and a $111.00 price objective for the company. Zacks Investment Research cut Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Cowen reaffirmed a “hold” rating and issued a $107.00 price objective on shares of Kaiser Aluminum in a research note on Friday, February 23rd. Finally, ValuEngine raised Kaiser Aluminum from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Kaiser Aluminum presently has a consensus rating of “Hold” and a consensus price target of $103.71.
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About Kaiser Aluminum
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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