Kaiser Aluminum (NASDAQ:KALU) Issues Quarterly Earnings Results, Misses Estimates By $1.27 EPS

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

KALU stock traded down $13.94 during midday trading on Thursday, reaching $104.41. The company’s stock had a trading volume of 2,234 shares, compared to its average volume of 123,945. Kaiser Aluminum has a 52 week low of $50.49 and a 52 week high of $141.07. The stock has a market capitalization of $1.65 billion, a PE ratio of 420.48 and a beta of 1.30. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.56 and a current ratio of 2.66. The stock’s 50-day moving average price is $126.08.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 13th. Investors of record on Friday, July 23rd will be issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, July 22nd. Kaiser Aluminum’s dividend payout ratio is currently 95.68%.

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of Kaiser Aluminum in a report on Friday, April 23rd. They set a “neutral” rating and a $124.00 price objective for the company. TheStreet lowered shares of Kaiser Aluminum from a “b-” rating to a “c” rating in a report on Wednesday, May 12th.

In other news, CEO Keith Harvey sold 1,000 shares of Kaiser Aluminum stock in a transaction on Thursday, July 1st. The shares were sold at an average price of $123.62, for a total transaction of $123,620.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Neal E. West sold 400 shares of Kaiser Aluminum stock in a transaction on Monday, July 12th. The stock was sold at an average price of $120.39, for a total transaction of $48,156.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,203 shares of company stock worth $1,185,238. Insiders own 1.20% of the company’s stock.

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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