Kaiser Aluminum (NASDAQ:KALU) Announces Earnings Results

Kaiser Aluminum (NASDAQ:KALU) announced its quarterly earnings results on Tuesday. The industrial products company reported $1.00 EPS for the quarter, missing the consensus estimate of $2.27 by ($1.27), Briefing.com reports. The firm had revenue of $741.00 million for the quarter, compared to analysts’ expectations of $474.02 million. Kaiser Aluminum had a net margin of 0.38% and a return on equity of 3.70%. The business’s quarterly revenue was up 168.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.36 EPS.

KALU stock traded down $7.71 during trading on Thursday, reaching $110.64. 15,591 shares of the company traded hands, compared to its average volume of 123,945. Kaiser Aluminum has a 12 month low of $50.49 and a 12 month high of $141.07. The company’s 50 day moving average price is $126.08. The company has a market capitalization of $1.75 billion, a P/E ratio of 420.48 and a beta of 1.30. The company has a quick ratio of 1.56, a current ratio of 2.66 and a debt-to-equity ratio of 1.14.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 13th. Stockholders of record on Friday, July 23rd will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, July 22nd. This represents a $2.88 annualized dividend and a dividend yield of 2.60%. Kaiser Aluminum’s dividend payout ratio is currently 95.68%.

In related news, CFO Neal E. West sold 400 shares of the firm’s stock in a transaction dated Monday, May 10th. The stock was sold at an average price of $137.90, for a total transaction of $55,160.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Ray Parkinson sold 1,343 shares of the firm’s stock in a transaction dated Tuesday, May 18th. The shares were sold at an average price of $130.48, for a total value of $175,234.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,203 shares of company stock worth $1,185,238. 1.20% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on Kaiser Aluminum in a research note on Friday, April 23rd. They set a “neutral” rating and a $124.00 price target on the stock. TheStreet lowered Kaiser Aluminum from a “b-” rating to a “c” rating in a research note on Wednesday, May 12th.

About Kaiser Aluminum

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company provides 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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Earnings History for Kaiser Aluminum (NASDAQ:KALU)

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