Analysts forecast that Kaiser Aluminum Corp. (NASDAQ:KALU) will post $1.33 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Kaiser Aluminum’s earnings, with the lowest EPS estimate coming in at $1.28 and the highest estimate coming in at $1.37. Kaiser Aluminum posted earnings per share of $1.68 during the same quarter last year, which indicates a negative year over year growth rate of 20.8%. The firm is expected to report its next earnings results on Monday, July 22nd.
According to Zacks, analysts expect that Kaiser Aluminum will report full-year earnings of $7.11 per share for the current year, with EPS estimates ranging from $6.97 to $7.34. For the next fiscal year, analysts forecast that the firm will post earnings of $7.76 per share, with EPS estimates ranging from $7.53 to $8.10. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.02. The company had revenue of $395.00 million during the quarter, compared to analyst estimates of $404.04 million. Kaiser Aluminum had a net margin of 5.90% and a return on equity of 14.91%. Kaiser Aluminum’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.60 EPS.
KALU has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Tuesday, February 19th. BidaskClub lowered shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Kaiser Aluminum presently has an average rating of “Hold” and an average target price of $110.33.
Shares of Kaiser Aluminum stock traded down $1.44 during trading on Friday, hitting $92.77. The company’s stock had a trading volume of 63,200 shares, compared to its average volume of 127,563. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 14.34 and a beta of 0.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.29 and a quick ratio of 2.14. Kaiser Aluminum has a 52 week low of $83.29 and a 52 week high of $119.66.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th were paid a dividend of $0.60 per share. The ex-dividend date was Wednesday, April 24th. This represents a $2.40 dividend on an annualized basis and a yield of 2.59%. Kaiser Aluminum’s dividend payout ratio is currently 37.09%.
In other news, COO Keith Harvey sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $94.94, for a total transaction of $94,940.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Mark Krouse sold 1,100 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $93.44, for a total transaction of $102,784.00. The disclosure for this sale can be found here. 3.20% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in shares of Kaiser Aluminum by 5.2% during the 1st quarter. BlackRock Inc. now owns 2,467,291 shares of the industrial products company’s stock valued at $258,401,000 after acquiring an additional 121,680 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kaiser Aluminum by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,777,971 shares of the industrial products company’s stock valued at $193,905,000 after acquiring an additional 17,914 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Kaiser Aluminum by 8.2% during the 1st quarter. Macquarie Group Ltd. now owns 655,037 shares of the industrial products company’s stock valued at $68,602,000 after acquiring an additional 49,555 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Kaiser Aluminum by 30.5% during the 4th quarter. Victory Capital Management Inc. now owns 650,357 shares of the industrial products company’s stock valued at $58,070,000 after acquiring an additional 152,068 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Kaiser Aluminum by 2.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 362,995 shares of the industrial products company’s stock valued at $39,588,000 after acquiring an additional 7,308 shares during the last quarter. 98.12% of the stock is currently owned by hedge funds and other institutional investors.
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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