Kaiser Aluminum (KALU) Scheduled to Post Quarterly Earnings on Tuesday

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.

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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.

Earnings History for Kaiser Aluminum (NASDAQ:KALU)

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