Kaiser Aluminum Corp. (KALU) Expected to Announce Earnings of $1.82 Per Share
Wall Street analysts forecast that Kaiser Aluminum Corp. (NASDAQ:KALU) will announce earnings of $1.82 per share for the current quarter, Zacks reports. Four analysts have made estimates for Kaiser Aluminum’s earnings, with the lowest EPS estimate coming in at $1.66 and the highest estimate coming in at $2.04. Kaiser Aluminum posted earnings of $1.60 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The company is scheduled to announce its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Kaiser Aluminum will report full year earnings of $7.11 per share for the current year, with EPS estimates ranging from $6.76 to $7.69. For the next financial year, analysts forecast that the company will report earnings of $7.81 per share, with EPS estimates ranging from $7.53 to $8.12. Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Wednesday, February 20th. The industrial products company reported $1.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.22. The company had revenue of $389.00 million during the quarter, compared to analyst estimates of $389.90 million. Kaiser Aluminum had a return on equity of 14.49% and a net margin of 5.78%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.22 EPS.
Shares of Kaiser Aluminum stock traded up $0.73 during trading on Friday, hitting $104.72. 1,627 shares of the company were exchanged, compared to its average volume of 131,250. The firm has a market capitalization of $1.68 billion, a P/E ratio of 16.17 and a beta of 1.03. Kaiser Aluminum has a 1-year low of $83.29 and a 1-year high of $119.66. The company has a current ratio of 3.20, a quick ratio of 2.15 and a debt-to-equity ratio of 0.50.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, January 25th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, January 24th. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.55. This represents a $2.40 annualized dividend and a dividend yield of 2.29%. Kaiser Aluminum’s payout ratio is currently 37.09%.
In related news, CEO Jack A. Hockema sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The stock was sold at an average price of $100.27, for a total value of $150,405.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.20% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Quantamental Technologies LLC bought a new stake in shares of Kaiser Aluminum in the fourth quarter valued at $26,000. BlueMountain Capital Management LLC bought a new stake in shares of Kaiser Aluminum in the third quarter valued at $121,000. LS Investment Advisors LLC raised its stake in shares of Kaiser Aluminum by 285.9% in the fourth quarter. LS Investment Advisors LLC now owns 1,914 shares of the industrial products company’s stock valued at $171,000 after buying an additional 1,418 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Kaiser Aluminum in the third quarter valued at $203,000. Finally, Paloma Partners Management Co bought a new stake in shares of Kaiser Aluminum in the third quarter valued at $207,000. Institutional investors and hedge funds own 95.98% of the company’s stock.
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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