$0.94 Revenue Per Share Anticipated for Kaiser Aluminum Corp. (KALU) This Quarter

$0.94 Revenue Per Share Anticipated for Kaiser Aluminum Corp. (KALU) This Quarter

Brokerages expect Kaiser Aluminum Corp. (NASDAQ:KALU) to announce earnings of $0.94 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kaiser Aluminum Corp.’s earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.89. Kaiser Aluminum Corp. reported earnings of $1.02 per share in the same quarter last year, which would indicate a negative year over year growth rate of 7.8%. The business is scheduled to issue its next quarterly earnings report on Wednesday, July 19th.

On average, analysts expect that Kaiser Aluminum Corp. will report full-year earnings of $4.83 per share for the current fiscal year, with EPS estimates ranging from $4.55 to $5.20. For the next year, analysts anticipate that the business will report earnings of $5.62 per share, with EPS estimates ranging from $5.30 to $5.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Kaiser Aluminum Corp..

Kaiser Aluminum Corp. (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, April 19th. The industrial products company reported $1.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.40. Kaiser Aluminum Corp. had a net margin of 6.12% and a return on equity of 9.46%. The firm had revenue of $355.30 million for the quarter, compared to the consensus estimate of $353.30 million. During the same quarter in the prior year, the company posted $1.51 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year.

Several research firms recently weighed in on KALU. Cowen and Company boosted their target price on Kaiser Aluminum Corp. from $90.00 to $92.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 19th. Zacks Investment Research raised Kaiser Aluminum Corp. from a “sell” rating to a “hold” rating and set a $95.00 price target on the stock in a research report on Wednesday, April 26th. TheStreet raised Kaiser Aluminum Corp. from a “c” rating to a “b-” rating in a research report on Tuesday, February 21st. Finally, Sidoti raised Kaiser Aluminum Corp. from a “neutral” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Monday, March 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $92.14.

Kaiser Aluminum Corp. (KALU) traded up 2.12% during trading on Monday, hitting $84.11. 152,236 shares of the stock traded hands. The company has a market cap of $1.45 billion, a P/E ratio of 14.82 and a beta of 0.57. The company’s 50 day moving average price is $81.90 and its 200 day moving average price is $80.65. Kaiser Aluminum Corp. has a 12 month low of $69.41 and a 12 month high of $94.65.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 15th. Investors of record on Thursday, April 27th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date was Tuesday, April 25th. Kaiser Aluminum Corp.’s dividend payout ratio is presently 45.25%.

In related news, COO Keith Harvey sold 4,877 shares of the company’s stock in a transaction on Friday, April 28th. The stock was sold at an average price of $84.59, for a total transaction of $412,545.43. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Neal E. West sold 2,500 shares of the company’s stock in a transaction on Monday, April 24th. The stock was sold at an average price of $84.54, for a total value of $211,350.00. The disclosure for this sale can be found here. Insiders have sold 10,577 shares of company stock worth $879,187 in the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in KALU. BlackRock Inc. raised its position in shares of Kaiser Aluminum Corp. by 12,449.4% in the first quarter. BlackRock Inc. now owns 2,174,693 shares of the industrial products company’s stock worth $173,757,000 after buying an additional 2,157,364 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Kaiser Aluminum Corp. by 36,359.9% in the first quarter. Victory Capital Management Inc. now owns 498,407 shares of the industrial products company’s stock worth $39,823,000 after buying an additional 497,040 shares in the last quarter. Norges Bank acquired a new position in shares of Kaiser Aluminum Corp. during the fourth quarter worth $21,690,000. Aberdeen Asset Management PLC UK raised its position in shares of Kaiser Aluminum Corp. by 46.5% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 531,197 shares of the industrial products company’s stock worth $41,269,000 after buying an additional 168,660 shares in the last quarter. Finally, Pioneer Investment Management Inc. raised its position in shares of Kaiser Aluminum Corp. by 126.3% in the third quarter. Pioneer Investment Management Inc. now owns 193,584 shares of the industrial products company’s stock worth $16,743,000 after buying an additional 108,040 shares in the last quarter. 96.70% of the stock is currently owned by hedge funds and other institutional investors.

About Kaiser Aluminum Corp.

Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The Company operates in the Fabricated Products segment. The Company’s Fabricated Products segment focuses on producing rolled, extruded and drawn aluminum products used principally for aerospace and defense, automotive and general engineering products that include consumer durables, electronics, electrical and machinery and equipment applications.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:KALU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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