Kaiser Aluminum (NASDAQ:KALU) Posts Earnings Results, Misses Expectations By $0.16 EPS

by · The Cerbat Gem

Kaiser Aluminum (NASDAQ:KALU – Get Free Report) announced its quarterly earnings data on Wednesday. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.16), Briefing.com reports. Kaiser Aluminum had a return on equity of 6.84% and a net margin of 1.37%. The business had revenue of $748.00 million during the quarter, compared to the consensus estimate of $793.30 million. During the same period in the prior year, the firm earned $0.46 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year.

Kaiser Aluminum Price Performance

Shares of NASDAQ KALU opened at $67.31 on Friday. Kaiser Aluminum has a twelve month low of $53.67 and a twelve month high of $102.42. The business’s 50 day moving average price is $71.17 and its two-hundred day moving average price is $83.09. The company has a quick ratio of 1.42, a current ratio of 2.55 and a debt-to-equity ratio of 1.57. The company has a market cap of $1.08 billion, a PE ratio of 19.57 and a beta of 1.33.

Kaiser Aluminum Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.77 per share. The ex-dividend date is Friday, October 25th. This represents a $3.08 annualized dividend and a dividend yield of 4.58%. Kaiser Aluminum’s dividend payout ratio is presently 89.53%.

Wall Street Analysts Forecast Growth

Separately, Benchmark raised their price objective on Kaiser Aluminum from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 12th.

Check Out Our Latest Research Report on KALU

Insider Buying and Selling at Kaiser Aluminum

In other news, CEO Keith Harvey bought 2,588 shares of the stock in a transaction dated Monday, July 29th. The shares were bought at an average price of $77.23 per share, for a total transaction of $199,871.24. Following the completion of the purchase, the chief executive officer now owns 103,550 shares in the company, valued at approximately $7,997,166.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.50% of the company’s stock.

About Kaiser Aluminum

(Get Free Report)

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.

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