Kaiser Aluminum (NASDAQ:KALU) Posts Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Kaiser Aluminum (NASDAQ:KALU) announced its quarterly earnings data on Wednesday. The industrial products company reported $1.82 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.08), Briefing.com reports. The company had revenue of $375.00 million for the quarter, compared to analyst estimates of $393.94 million. Kaiser Aluminum had a net margin of 5.96% and a return on equity of 14.23%. Kaiser Aluminum’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.43 EPS.

Shares of NASDAQ:KALU traded up $2.60 during midday trading on Thursday, hitting $100.76. 310,300 shares of the company’s stock were exchanged, compared to its average volume of 121,609. The company has a debt-to-equity ratio of 0.53, a current ratio of 3.63 and a quick ratio of 2.34. The stock has a 50 day moving average price of $97.36 and a 200-day moving average price of $95.84. The company has a market cap of $1.58 billion, a PE ratio of 15.57 and a beta of 1.07. Kaiser Aluminum has a 12 month low of $83.29 and a 12 month high of $114.99.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, October 24th. Kaiser Aluminum’s payout ratio is presently 37.09%.

KALU has been the subject of several recent research reports. BidaskClub raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Zacks Investment Research raised shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a research report on Saturday, October 12th. Goldman Sachs Group raised shares of Kaiser Aluminum from a “sell” rating to a “neutral” rating and set a $97.00 target price for the company in a research report on Thursday, August 8th. Finally, ValuEngine downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research report on Saturday, October 19th.

In other Kaiser Aluminum news, COO Keith Harvey sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $99.10, for a total value of $148,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jack A. Hockema sold 12,500 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $95.96, for a total transaction of $1,199,500.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,350 shares of company stock valued at $3,153,460. 1.70% of the stock is currently owned by insiders.

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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Earnings History for Kaiser Aluminum (NASDAQ:KALU)

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