Kaiser Aluminum (NASDAQ:KALU) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 24th. Analysts expect Kaiser Aluminum to post earnings of $1.32 per share for the quarter.
Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.02. The company had revenue of $395.00 million for the quarter, compared to analyst estimates of $404.04 million. Kaiser Aluminum had a return on equity of 14.91% and a net margin of 5.90%. Kaiser Aluminum’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.60 earnings per share. On average, analysts expect Kaiser Aluminum to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
Kaiser Aluminum stock opened at $96.31 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.29 and a quick ratio of 2.14. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 14.89 and a beta of 1.03. Kaiser Aluminum has a fifty-two week low of $83.29 and a fifty-two week high of $119.66. The firm has a fifty day moving average price of $94.59.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 25th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, July 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is 37.09%.
In related news, EVP John Malcolm Donnan sold 5,000 shares of the stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $100.00, for a total transaction of $500,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Keith Harvey sold 1,000 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $97.88, for a total value of $97,880.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,050 shares of company stock worth $1,083,105. Corporate insiders own 1.70% of the company’s stock.
Several analysts have weighed in on the company. ValuEngine raised XCel Brands from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, BidaskClub lowered Ames National from a “hold” rating to a “sell” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $108.60.
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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