Kaiser Aluminum (NASDAQ:KALU) Releases Earnings Results, Meets Estimates

Kaiser Aluminum (NASDAQ:KALU – Get Rating) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.66 EPS for the quarter, meeting analysts’ consensus estimates of $0.66, MarketWatch Earnings reports. Kaiser Aluminum had a negative net margin of 0.71% and a positive return on equity of 5.38%. The company had revenue of $949.00 million during the quarter, compared to the consensus estimate of $861.52 million. During the same quarter last year, the firm posted $0.64 EPS. The company’s quarterly revenue was up 192.9% on a year-over-year basis.

Shares of KALU stock traded down $0.36 during midday trading on Wednesday, hitting $102.12. 117,772 shares of the company were exchanged, compared to its average volume of 111,900. The firm has a market capitalization of $1.62 billion, a P/E ratio of -88.03 and a beta of 1.16. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.75 and a current ratio of 2.64. The firm’s 50 day moving average price is $95.45 and its two-hundred day moving average price is $98.46. Kaiser Aluminum has a 52 week low of $85.04 and a 52 week high of $141.07.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 13th. Investors of record on Monday, April 25th will be issued a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, April 22nd. Kaiser Aluminum’s payout ratio is -265.52%.

In other Kaiser Aluminum news, CFO Neal E. West sold 400 shares of the business’s stock in a transaction dated Thursday, February 10th. The shares were sold at an average price of $96.53, for a total value of $38,612.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jack A. Hockema sold 750 shares of the business’s stock in a transaction dated Friday, March 18th. The shares were sold at an average price of $91.71, for a total transaction of $68,782.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,813 shares of company stock valued at $168,709 in the last ninety days. 1.20% of the stock is currently owned by insiders.

Several hedge funds have recently made changes to their positions in KALU. LPL Financial LLC purchased a new stake in Kaiser Aluminum during the fourth quarter worth about $266,000. Millennium Management LLC boosted its position in Kaiser Aluminum by 37.0% during the fourth quarter. Millennium Management LLC now owns 5,138 shares of the industrial products company’s stock worth $483,000 after purchasing an additional 1,387 shares during the period. Stifel Financial Corp boosted its position in Kaiser Aluminum by 11.7% during the fourth quarter. Stifel Financial Corp now owns 6,745 shares of the industrial products company’s stock worth $634,000 after purchasing an additional 705 shares during the period. Deutsche Bank AG boosted its position in shares of Kaiser Aluminum by 3.4% in the fourth quarter. Deutsche Bank AG now owns 10,569 shares of the industrial products company’s stock valued at $992,000 after acquiring an additional 345 shares during the period. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Kaiser Aluminum by 424.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 11,015 shares of the industrial products company’s stock valued at $1,035,000 after acquiring an additional 8,913 shares during the period. Institutional investors own 99.47% of the company’s stock.

A number of research analysts have recently commented on the stock. StockNews.com assumed coverage on shares of Kaiser Aluminum in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Credit Suisse Group decreased their price objective on shares of Kaiser Aluminum from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Monday, February 28th. Finally, Zacks Investment Research raised shares of Kaiser Aluminum from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 9th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat, Kaiser Aluminum presently 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.

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