Wall Street brokerages expect that Kaiser Aluminum Corp. (NASDAQ:KALU) will announce $371.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Kaiser Aluminum’s earnings, with estimates ranging from $368.00 million to $373.81 million. Kaiser Aluminum reported sales of $389.00 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 4.6%. The business is scheduled to issue its next earnings results on Wednesday, February 19th.
According to Zacks, analysts expect that Kaiser Aluminum will report full year sales of $1.52 billion for the current fiscal year, with estimates ranging from $1.51 billion to $1.52 billion. For the next financial year, analysts forecast that the firm will post sales of $1.56 billion, with estimates ranging from $1.50 billion to $1.62 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $1.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.08). Kaiser Aluminum had a net margin of 6.27% and a return on equity of 14.99%. The business had revenue of $375.00 million for the quarter, compared to the consensus estimate of $393.94 million. During the same period in the previous year, the firm earned $1.43 EPS. The company’s revenue was down 4.6% compared to the same quarter last year.
KALU stock traded down $0.06 during midday trading on Monday, reaching $107.48. 70,600 shares of the company’s stock traded hands, compared to its average volume of 120,612. The company has a 50-day moving average price of $104.04 and a two-hundred day moving average price of $96.56. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.71 and a current ratio of 3.80. Kaiser Aluminum has a 52 week low of $83.29 and a 52 week high of $114.99. The firm has a market capitalization of $1.73 billion, a PE ratio of 16.61 and a beta of 1.11.
The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, October 25th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, October 24th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.23%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 37.09%.
In related news, CFO Neal E. West sold 750 shares of the company’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $110.00, for a total value of $82,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jack A. Hockema sold 8,456 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $109.20, for a total transaction of $923,395.20. The disclosure for this sale can be found here. Insiders have sold a total of 45,107 shares of company stock valued at $4,724,412 over the last 90 days. Company insiders own 1.70% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Systematic Financial Management LP grew its position in Kaiser Aluminum by 5.7% in the third quarter. Systematic Financial Management LP now owns 153,453 shares of the industrial products company’s stock worth $15,187,000 after acquiring an additional 8,342 shares in the last quarter. SG Americas Securities LLC bought a new stake in Kaiser Aluminum in the third quarter worth $160,000. First Trust Advisors LP lifted its stake in Kaiser Aluminum by 93.0% in the third quarter. First Trust Advisors LP now owns 18,830 shares of the industrial products company’s stock worth $1,864,000 after purchasing an additional 9,076 shares during the last quarter. First Mercantile Trust Co. lifted its stake in Kaiser Aluminum by 11.5% in the third quarter. First Mercantile Trust Co. now owns 1,212 shares of the industrial products company’s stock worth $120,000 after purchasing an additional 125 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in Kaiser Aluminum by 55.3% in the third quarter. California Public Employees Retirement System now owns 38,434 shares of the industrial products company’s stock worth $3,804,000 after purchasing an additional 13,681 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.
Kaiser Aluminum Company Profile
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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