Equities analysts forecast that Kaiser Aluminum (NASDAQ:KALU) will announce earnings of $1.50 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Kaiser Aluminum’s earnings. The lowest EPS estimate is $1.18 and the highest is $1.74. Kaiser Aluminum reported earnings of $1.52 per share in the same quarter last year, which indicates a negative year over year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Kaiser Aluminum will report full-year earnings of $6.45 per share for the current fiscal year, with EPS estimates ranging from $5.95 to $6.98. For the next year, analysts anticipate that the company will post earnings of $7.65 per share, with EPS estimates ranging from $7.05 to $8.20. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, February 21st. The industrial products company reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.04). The business had revenue of $353.00 million for the quarter, compared to the consensus estimate of $348.95 million. Kaiser Aluminum had a return on equity of 11.35% and a net margin of 3.25%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share.
KALU has been the topic of several recent analyst reports. ValuEngine upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Zacks Investment Research upgraded Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Thursday, March 1st. BidaskClub lowered Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 3rd. TheStreet lowered Kaiser Aluminum from a “b-” rating to a “c+” rating in a report on Tuesday, March 27th. Finally, Cowen reiterated a “hold” rating and set a $107.00 target price on shares of Kaiser Aluminum in a report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $103.71.
KALU stock traded up $0.17 during midday trading on Friday, hitting $107.80. 41,688 shares of the company’s stock were exchanged, compared to its average volume of 115,595. The company has a current ratio of 3.79, a quick ratio of 2.59 and a debt-to-equity ratio of 0.50. The firm has a market cap of $1,805.15, a PE ratio of 21.15, a P/E/G ratio of 1.11 and a beta of 0.61. Kaiser Aluminum has a one year low of $78.22 and a one year high of $116.86.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 15th. Stockholders of record on Thursday, April 26th will be issued a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, April 25th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.04%. Kaiser Aluminum’s dividend payout ratio (DPR) is 43.22%.
In other news, EVP John Malcolm Donnan sold 6,783 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $107.10, for a total value of $726,459.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alfred E. Osborne, Jr. sold 1,000 shares of the business’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $104.40, for a total value of $104,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 23,391 shares of company stock worth $2,474,402. Corporate insiders own 3.00% of the company’s stock.
Institutional investors have recently modified their holdings of the company. First Interstate Bank acquired a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $182,000. We Are One Seven LLC acquired a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $192,000. Elkfork Partners LLC acquired a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $245,000. SG Americas Securities LLC acquired a new stake in shares of Kaiser Aluminum in the fourth quarter valued at about $254,000. Finally, Caxton Associates LP acquired a new stake in shares of Kaiser Aluminum in the third quarter valued at about $268,000.
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Kaiser Aluminum Company Profile
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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