Brokerages Anticipate Kaiser Aluminum Corp. (NASDAQ:KALU) Will Post Earnings of $1.75 Per Share
Wall Street brokerages expect Kaiser Aluminum Corp. (NASDAQ:KALU) to announce earnings per share of $1.75 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Kaiser Aluminum’s earnings. The highest EPS estimate is $1.78 and the lowest is $1.71. Kaiser Aluminum also posted earnings per share of $1.75 during the same quarter last year. The firm is scheduled to report its next earnings results on Wednesday, February 19th.
On average, analysts expect that Kaiser Aluminum will report full year earnings of $6.81 per share for the current financial year, with EPS estimates ranging from $6.78 to $6.84. For the next year, analysts expect that the business will post earnings of $7.75 per share, with EPS estimates ranging from $7.38 to $7.98. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.08). Kaiser Aluminum had a net margin of 6.27% and a return on equity of 14.99%. The company had revenue of $375.00 million during the quarter, compared to analysts’ expectations of $393.94 million. During the same period in the previous year, the company posted $1.43 earnings per share. The company’s quarterly revenue was down 4.6% compared to the same quarter last year.
In other news, CFO Neal E. West sold 750 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $110.00, for a total transaction of $82,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack A. Hockema sold 8,456 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $109.20, for a total transaction of $923,395.20. The disclosure for this sale can be found here. Insiders sold 44,107 shares of company stock valued at $4,631,912 over the last ninety days. Corporate insiders own 1.70% of the company’s stock.
Several hedge funds have recently modified their holdings of KALU. First Mercantile Trust Co. boosted its position in shares of Kaiser Aluminum by 11.5% during the 3rd quarter. First Mercantile Trust Co. now owns 1,212 shares of the industrial products company’s stock valued at $120,000 after acquiring an additional 125 shares during the last quarter. Arizona State Retirement System raised its stake in Kaiser Aluminum by 0.8% in the second quarter. Arizona State Retirement System now owns 25,020 shares of the industrial products company’s stock valued at $2,442,000 after purchasing an additional 193 shares in the last quarter. First Trust Advisors LP raised its stake in Kaiser Aluminum by 5.2% in the first quarter. First Trust Advisors LP now owns 4,288 shares of the industrial products company’s stock valued at $449,000 after purchasing an additional 211 shares in the last quarter. First Interstate Bank lifted its position in Kaiser Aluminum by 18.9% during the second quarter. First Interstate Bank now owns 1,445 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 230 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in Kaiser Aluminum by 1.0% during the third quarter. California State Teachers Retirement System now owns 24,924 shares of the industrial products company’s stock valued at $2,467,000 after purchasing an additional 243 shares during the last quarter. Institutional investors own 97.93% of the company’s stock.
KALU opened at $111.24 on Monday. Kaiser Aluminum has a fifty-two week low of $83.29 and a fifty-two week high of $114.99. The firm has a market capitalization of $1.74 billion, a P/E ratio of 17.19 and a beta of 1.10. The company’s 50-day moving average is $107.33 and its 200 day moving average is $97.56. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.80 and a quick ratio of 2.71.
The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $2.40 annualized dividend and a dividend yield of 2.16%. Kaiser Aluminum’s dividend payout ratio is currently 37.09%.
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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