Kaiser Aluminum (KALU) Set to Announce Earnings on Wednesday

Kaiser Aluminum (NASDAQ:KALUGet Rating) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 20th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Kaiser Aluminum (NASDAQ:KALUGet Rating) last released its earnings results on Wednesday, February 23rd. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.72 by ($0.52). Kaiser Aluminum had a negative net margin of 0.71% and a positive return on equity of 5.38%. The business had revenue of $806.00 million during the quarter, compared to the consensus estimate of $750.23 million. During the same quarter in the prior year, the firm earned $0.35 EPS. The business’s revenue was up 196.3% on a year-over-year basis. On average, analysts expect Kaiser Aluminum to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Kaiser Aluminum stock opened at $100.49 on Monday. Kaiser Aluminum has a 12-month low of $85.04 and a 12-month high of $141.07. The company has a quick ratio of 1.75, a current ratio of 2.64 and a debt-to-equity ratio of 1.50. The business’s 50-day moving average price is $95.21 and its two-hundred day moving average price is $98.49. The stock has a market cap of $1.59 billion, a PE ratio of -86.63 and a beta of 1.16.

The firm also recently announced a dividend, which will be paid on Friday, May 13th. Shareholders of record on Monday, April 25th will be given a $0.77 dividend. The ex-dividend date of this dividend is Friday, April 22nd. Kaiser Aluminum’s dividend payout ratio is presently -265.52%.

In related news, Director Jack A. Hockema sold 750 shares of the stock in a transaction on Friday, March 18th. The stock was sold at an average price of $91.71, for a total value of $68,782.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Neal E. West sold 400 shares of the firm’s stock in a transaction on Thursday, February 10th. The shares were sold at an average price of $96.53, for a total value of $38,612.00. The disclosure for this sale can be found here. Insiders sold 1,813 shares of company stock worth $168,709 over the last quarter. 1.20% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Norges Bank bought a new position in Kaiser Aluminum during the 4th quarter valued at $12,808,000. Barclays PLC lifted its stake in Kaiser Aluminum by 61.9% during the 4th quarter. Barclays PLC now owns 20,654 shares of the industrial products company’s stock valued at $1,940,000 after acquiring an additional 7,897 shares in the last quarter. BlackRock Inc. lifted its stake in Kaiser Aluminum by 3.6% during the 4th quarter. BlackRock Inc. now owns 2,595,407 shares of the industrial products company’s stock valued at $243,812,000 after acquiring an additional 89,995 shares in the last quarter. Deutsche Bank AG increased its position in shares of Kaiser Aluminum by 3.4% during the 4th quarter. Deutsche Bank AG now owns 10,569 shares of the industrial products company’s stock valued at $992,000 after purchasing an additional 345 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Kaiser Aluminum by 2.2% during the 4th quarter. California State Teachers Retirement System now owns 21,995 shares of the industrial products company’s stock valued at $2,066,000 after purchasing an additional 483 shares during the last quarter. Institutional investors and hedge funds own 99.47% of the company’s stock.

Several analysts have recently weighed in on the company. Zacks Investment Research upgraded Kaiser Aluminum from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 9th. StockNews.com assumed coverage on Kaiser Aluminum in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Credit Suisse Group reduced their price target on Kaiser Aluminum from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Monday, February 28th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, Kaiser Aluminum has a consensus rating of “Hold” and a consensus target price of $105.00.

Kaiser Aluminum Company Profile (Get Rating)

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

Further Reading

Earnings History for Kaiser Aluminum (NASDAQ:KALU)

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