Kaiser Aluminum Corporation (NASDAQ:KALU) Receiving Somewhat Positive News Coverage, Analysis Finds
Headlines about Kaiser Aluminum Corporation (NASDAQ:KALU) have trended somewhat positive this week, Accern reports. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Kaiser Aluminum Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s scoring:
- Top Ranked Momentum Stocks to Buy for August 2nd (finance.yahoo.com)
- Kaiser Aluminum Corp. :KALU-US: Earnings Analysis: Q2, 2017 By the Numbers : August 1, 2017 (finance.yahoo.com)
- Kaiser Aluminum Corporation (KALU) PT Raised to $100 at Deutsche Bank (streetinsider.com)
- Kaiser Aluminum Corporation (NASDAQ:KALU) Experiences Lighter than Usual Trading Volume (highlightpress.com)
- How Kaiser Aluminum (KALU) Stock Stands Out in a Strong Industry (finance.yahoo.com)
Kaiser Aluminum Corporation (NASDAQ:KALU) traded up 0.33% on Thursday, reaching $96.73. 95,912 shares of the company’s stock were exchanged. Kaiser Aluminum Corporation has a 1-year low of $69.41 and a 1-year high of $98.72. The company has a market capitalization of $1.64 billion, a P/E ratio of 21.21 and a beta of 0.53. The firm has a 50-day moving average price of $90.65 and a 200-day moving average price of $83.23.
Kaiser Aluminum Corporation (NASDAQ:KALU) last released its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.01 by $0.46. The business had revenue of $356 million during the quarter, compared to analyst estimates of $349.62 million. Kaiser Aluminum Corporation had a net margin of 5.87% and a return on equity of 11.71%. The company’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.02 earnings per share. Equities research analysts expect that Kaiser Aluminum Corporation will post $5.44 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 15th. Shareholders of record on Thursday, July 27th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, July 25th. Kaiser Aluminum Corporation’s payout ratio is 44.44%.
Kaiser Aluminum Corporation announced that its board has initiated a stock buyback program on Monday, April 17th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy up to 7.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
A number of equities analysts have recently commented on the stock. BidaskClub raised shares of Kaiser Aluminum Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 24th. Morgan Stanley reissued an “equal weight” rating and set a $87.00 price objective (up from $80.00) on shares of Kaiser Aluminum Corporation in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating and set a $108.00 target price for the company in a research note on Friday, July 28th. Bank of America Corporation raised their target price on shares of Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the company an “underperform” rating in a research note on Friday, July 21st. Finally, Deutsche Bank AG set a $100.00 price objective on shares of Kaiser Aluminum Corporation and gave the stock a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $96.00.
TRADEMARK VIOLATION NOTICE: “Kaiser Aluminum Corporation (NASDAQ:KALU) Receiving Somewhat Positive News Coverage, Analysis Finds” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another website, it was copied illegally and reposted in violation of United States and international trademark & copyright law. The original version of this news story can be read at https://www.thecerbatgem.com/2017/08/03/kaiser-aluminum-corporation-nasdaqkalu-receiving-somewhat-positive-media-coverage-study-finds-updated-updated-updated.html.
In other Kaiser Aluminum Corporation news, CEO Jack A. Hockema sold 9,000 shares of the business’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $91.18, for a total transaction of $820,620.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Ray Parkinson sold 2,000 shares of the business’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $80.75, for a total value of $161,500.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,282 shares of company stock worth $1,198,230. Corporate insiders own 3.00% of the company’s stock.
About Kaiser Aluminum Corporation
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.
Receive News & Stock Ratings for Kaiser Aluminum Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum Corporation and related stocks with our FREE daily email newsletter.