Kaiser Aluminum (NASDAQ:KALU) Issues Earnings Results, Beats Estimates By $0.44 EPS

Kaiser Aluminum (NASDAQ:KALU) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.44, RTT News reports. Kaiser Aluminum had a net margin of 1.53% and a return on equity of 8.32%. The business had revenue of $738.00 million during the quarter, compared to analysts’ expectations of $733.34 million. During the same period in the previous year, the company earned $0.99 earnings per share. Kaiser Aluminum’s revenue for the quarter was down 8.7% on a year-over-year basis.

Kaiser Aluminum Trading Down 2.6 %

NASDAQ KALU traded down $2.30 during trading hours on Wednesday, reaching $87.33. The company had a trading volume of 204,532 shares, compared to its average volume of 139,289. Kaiser Aluminum has a 1-year low of $53.67 and a 1-year high of $95.56. The stock has a 50-day moving average of $80.56 and a 200 day moving average of $69.61. The stock has a market capitalization of $1.40 billion, a P/E ratio of 30.70 and a beta of 1.38. The company has a current ratio of 2.68, a quick ratio of 1.39 and a debt-to-equity ratio of 1.72.

Kaiser Aluminum Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 25th will be given a $0.77 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $3.08 annualized dividend and a dividend yield of 3.53%. Kaiser Aluminum’s dividend payout ratio (DPR) is 105.48%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Kaiser Aluminum from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Benchmark reiterated a “buy” rating and set a $84.00 price target on shares of Kaiser Aluminum in a research note on Friday, April 19th. Finally, UBS Group assumed coverage on Kaiser Aluminum in a report on Tuesday, January 16th. They set a “neutral” rating and a $67.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $77.00.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.