Kaiser Aluminum Corp. (NASDAQ:KALU) is scheduled to release its earnings data after the market closes on Wednesday, October 19th. Analysts expect Kaiser Aluminum Corp. to post earnings of $1.27 per share for the quarter.
Kaiser Aluminum Corp. (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.38 by $0.36. Kaiser Aluminum Corp. had a return on equity of 9.70% and a net margin of 6.59%. The business had revenue of $335 million for the quarter, compared to analyst estimates of $351.72 million. During the same quarter last year, the firm posted $1.27 EPS. The company’s revenue was down 8.8% compared to the same quarter last year. On average, analysts expect Kaiser Aluminum Corp. to post $5.15 EPS for the current fiscal year and $5.79 EPS for the next fiscal year.
Kaiser Aluminum Corp. (NASDAQ:KALU) opened at 80.35 on Monday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 16.24 and a beta of 0.47. Kaiser Aluminum Corp. has a 12 month low of $70.14 and a 12 month high of $96.06. The firm’s 50-day moving average price is $84.73 and its 200-day moving average price is $86.38.
The company also recently disclosed a dividend, which will be paid on Tuesday, November 15th. Shareholders of record on Tuesday, October 25th will be given a $0.45 dividend. The ex-dividend date is Friday, October 21st. Kaiser Aluminum Corp.’s dividend payout ratio is currently 37.42%.
Several institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Kaiser Aluminum Corp. by 13.4% in the second quarter. State Street Corp now owns 700,838 shares of the company’s stock worth $63,359,000 after buying an additional 82,626 shares during the last quarter. Sei Investments Co. boosted its stake in Kaiser Aluminum Corp. by 8.9% in the second quarter. Sei Investments Co. now owns 63,846 shares of the company’s stock worth $5,773,000 after buying an additional 5,203 shares in the last quarter. American Century Companies Inc. acquired a new stake in Kaiser Aluminum Corp. during the second quarter worth $5,453,000. Bridgeway Capital Management Inc. boosted its stake in Kaiser Aluminum Corp. by 0.4% in the second quarter. Bridgeway Capital Management Inc. now owns 50,180 shares of the company’s stock worth $4,537,000 after buying an additional 200 shares in the last quarter. Finally, Commonwealth Bank of Australia boosted its stake in Kaiser Aluminum Corp. by 37.7% in the second quarter. Commonwealth Bank of Australia now owns 30,736 shares of the company’s stock worth $2,779,000 after buying an additional 8,416 shares in the last quarter. 98.64% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on KALU shares. Zacks Investment Research downgraded Kaiser Aluminum Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 18th. Bank of America Corp. downgraded Kaiser Aluminum Corp. from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $94.00 to $92.00 in a research report on Wednesday, July 20th. Credit Suisse Group AG set a $85.00 price objective on Kaiser Aluminum Corp. and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Macquarie started coverage on Kaiser Aluminum Corp. in a research report on Tuesday, September 6th. They issued an “outperform” rating for the company. Finally, Seaport Global Securities started coverage on Kaiser Aluminum Corp. in a research report on Friday, September 9th. They issued a “buy” rating and a $100.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $91.71.
About Kaiser Aluminum Corp.
Kaiser Aluminum Corporation is engaged in the production of semi-fabricated specialty aluminum products. The Company manufactures aluminum plate and sheet, and extruded and drawn products, primarily used in aerospace/high strength, automotive, general engineering and other industrial end market applications.
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