Kaiser Aluminum Corporation (KALU) to Release Earnings on Wednesday
Kaiser Aluminum Corporation (NASDAQ:KALU) is scheduled to release its earnings data after the market closes on Wednesday, October 18th. Analysts expect Kaiser Aluminum Corporation to post earnings of $1.02 per share for the quarter.
Kaiser Aluminum Corporation (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, July 19th. The industrial products company reported $1.47 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The firm had revenue of $356.00 million for the quarter, compared to analysts’ expectations of $349.62 million. During the same period in the previous year, the firm posted $1.02 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, analysts expect Kaiser Aluminum Corporation to post $5.31 EPS for the current fiscal year and $5.80 EPS for the next fiscal year.
Shares of Kaiser Aluminum Corporation (KALU) opened at 106.54 on Monday. Kaiser Aluminum Corporation has a 12 month low of $69.41 and a 12 month high of $108.99. The company has a market capitalization of $1.79 billion, a PE ratio of 23.40 and a beta of 0.54. The stock has a 50 day moving average price of $100.94 and a 200-day moving average price of $90.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 15th. Stockholders of record on Wednesday, October 25th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.88%. Kaiser Aluminum Corporation’s dividend payout ratio is presently 44.44%.
TRADEMARK VIOLATION WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/16/kaiser-aluminum-corporation-kalu-to-release-earnings-on-wednesday.html.
A number of equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Cowen and Company set a $97.00 price objective on shares of Kaiser Aluminum Corporation and gave the company a “hold” rating in a research note on Thursday. BidaskClub upgraded shares of Kaiser Aluminum Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 22nd. Deutsche Bank AG set a $100.00 price objective on shares of Kaiser Aluminum Corporation and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $87.00 price objective (up from $80.00) on shares of Kaiser Aluminum Corporation in a research note on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $97.00.
In other Kaiser Aluminum Corporation news, VP Del L. Miller sold 1,282 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $96.81, for a total value of $124,110.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jack A. Hockema sold 9,000 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $102.67, for a total transaction of $924,030.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,696 shares of company stock valued at $2,662,349. 3.00% of the stock is owned by insiders.
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.