Kaiser Aluminum (KALU) to Release Quarterly Earnings on Wednesday

Kaiser Aluminum (NASDAQ:KALU) is set to announce its earnings results after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Kaiser Aluminum (NASDAQ:KALU) last released its quarterly earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.94. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The firm had revenue of $722.00 million for the quarter, compared to analyst estimates of $716.01 million. During the same quarter last year, the company posted ($1.66) earnings per share. The business’s revenue was down 7.0% 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 Performance

NASDAQ KALU opened at $90.47 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 2.68 and a debt-to-equity ratio of 1.72. Kaiser Aluminum has a 52-week low of $53.67 and a 52-week high of $95.56. The business’s 50-day moving average price is $77.98 and its 200 day moving average price is $68.89. The firm has a market cap of $1.45 billion, a P/E ratio of 30.98 and a beta of 1.37.

Kaiser Aluminum Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Investors of record on Thursday, April 25th will be issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.40%. Kaiser Aluminum’s dividend payout ratio is currently 105.48%.

Institutional Investors Weigh In On Kaiser Aluminum

A number of hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC lifted its position in shares of Kaiser Aluminum by 314.4% during the 1st quarter. Tower Research Capital LLC TRC now owns 518 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 393 shares during the period. NewEdge Advisors LLC lifted its position in shares of Kaiser Aluminum by 2,214.3% during the 1st quarter. NewEdge Advisors LLC now owns 810 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 775 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Kaiser Aluminum during the 2nd quarter valued at approximately $80,000. Captrust Financial Advisors lifted its position in shares of Kaiser Aluminum by 76.1% during the 1st quarter. Captrust Financial Advisors now owns 1,016 shares of the industrial products company’s stock valued at $96,000 after acquiring an additional 439 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Kaiser Aluminum by 14.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,655 shares of the industrial products company’s stock valued at $102,000 after acquiring an additional 206 shares during the period. Institutional investors and hedge funds own 99.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on KALU. JPMorgan Chase & Co. raised their price target on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. UBS Group started coverage on Kaiser Aluminum in a report on Tuesday, January 16th. They set a “neutral” rating and a $67.00 price target on the stock. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Kaiser Aluminum has an average rating of “Hold” and a consensus price target 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.