Kaiser Aluminum (NASDAQ:KALU) Posts Quarterly Earnings Results

Kaiser Aluminum (NASDAQ:KALU) issued its quarterly earnings data on Wednesday. The industrial products company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.44, RTT News reports. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The company had revenue of $738.00 million for the quarter, compared to the consensus estimate of $733.34 million. During the same quarter last year, the business posted $0.99 earnings per share. The firm’s revenue was down 8.7% compared to the same quarter last year.

Kaiser Aluminum Trading Down 2.6 %

Shares of KALU stock opened at $87.33 on Thursday. The company has a quick ratio of 1.39, a current ratio of 2.68 and a debt-to-equity ratio of 1.72. The business has a 50-day moving average price of $81.04 and a two-hundred day moving average price of $69.74. Kaiser Aluminum has a 12-month low of $53.67 and a 12-month high of $95.56. The firm has a market cap of $1.40 billion, a P/E ratio of 29.91 and a beta of 1.38.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a yield of 3.53%. The ex-dividend date of this dividend is Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 105.48%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on KALU. UBS Group began coverage on Kaiser Aluminum in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $67.00 price objective on the stock. JPMorgan Chase & Co. increased their price objective on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. Finally, Benchmark reiterated a “buy” rating and issued a $84.00 price objective on shares of Kaiser Aluminum in a research report on Friday, April 19th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $77.00.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.