Wall Street analysts forecast that Kaiser Aluminum Corp. (NASDAQ:KALU) will report $1.56 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Kaiser Aluminum’s earnings, with the lowest EPS estimate coming in at $1.42 and the highest estimate coming in at $1.70. Kaiser Aluminum reported earnings per share of $1.22 in the same quarter last year, which indicates a positive year over year growth rate of 27.9%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Kaiser Aluminum will report full year earnings of $6.31 per share for the current financial year, with EPS estimates ranging from $6.25 to $6.41. For the next fiscal year, analysts expect that the company will report earnings of $7.45 per share, with EPS estimates ranging from $7.02 to $8.00. Zacks Investment Research’s earnings per share 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 quarterly earnings data on Wednesday, October 17th. The industrial products company reported $1.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.55 by ($0.12). Kaiser Aluminum had a return on equity of 13.23% and a net margin of 3.41%. The company had revenue of $393.10 million for the quarter, compared to analyst estimates of $383.84 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis.
In related news, CEO Jack A. Hockema sold 1,500 shares of the business’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $100.41, for a total transaction of $150,615.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NEXT Financial Group Inc purchased a new position in Kaiser Aluminum in the third quarter valued at $117,000. BlueMountain Capital Management LLC purchased a new position in Kaiser Aluminum in the third quarter valued at $121,000. Engineers Gate Manager LP purchased a new position in Kaiser Aluminum in the third quarter valued at $203,000. Dynamic Technology Lab Private Ltd purchased a new position in Kaiser Aluminum in the second quarter valued at $204,000. Finally, Paloma Partners Management Co purchased a new position in Kaiser Aluminum in the third quarter valued at $207,000.
Shares of NASDAQ:KALU traded up $2.02 on Thursday, hitting $95.20. 51,209 shares of the company were exchanged, compared to its average volume of 116,075. Kaiser Aluminum has a 1-year low of $86.62 and a 1-year high of $119.66. The company has a current ratio of 3.50, a quick ratio of 2.48 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $1.54 billion, a P/E ratio of 18.70, a PEG ratio of 0.99 and a beta of 0.88.
The firm also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Thursday, October 25th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Wednesday, October 24th. This represents a $2.20 dividend on an annualized basis and a yield of 2.31%. Kaiser Aluminum’s dividend payout ratio is presently 43.22%.
About Kaiser Aluminum
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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