Brokerages Anticipate Kaiser Aluminum Corp. (KALU) to Announce $1.56 Earnings Per Share

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.

A number of research analysts recently issued reports on the stock. Credit Suisse Group boosted their target price on shares of Kaiser Aluminum from $102.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, July 25th. Zacks Investment Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $125.00 target price for the company in a research report on Saturday, July 28th. Morgan Stanley boosted their target price on shares of Kaiser Aluminum from $101.00 to $105.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 1st. BidaskClub upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Goldman Sachs Group downgraded shares of Kaiser Aluminum from a “neutral” rating to a “sell” rating and decreased their target price for the company from $105.00 to $101.00 in a research report on Monday, August 13th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $107.75.

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.

Recommended Story: What does cost of debt say about a company’s financial health?

Get a free copy of the Zacks research report on Kaiser Aluminum (KALU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kaiser Aluminum (NASDAQ:KALU)

Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply