Kaiser Aluminum Corporation (KALU) to Release Quarterly Earnings on Wednesday
Kaiser Aluminum Corporation (NASDAQ:KALU) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 18th. Analysts expect the company to announce earnings of $1.02 per share for the quarter.
Kaiser Aluminum Corporation (NASDAQ:KALU) last released its earnings results on Wednesday, July 19th. The industrial products company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.46. Kaiser Aluminum Corporation had a return on equity of 11.71% and a net margin of 5.87%. The firm had revenue of $356.00 million during the quarter, compared to analysts’ expectations of $349.62 million. During the same quarter last year, the business posted $1.02 earnings per share. The firm’s revenue was up 6.3% on a year-over-year basis. On average, analysts expect Kaiser Aluminum Corporation to post $5.38 EPS for the current fiscal year and $5.78 EPS for the next fiscal year.
Shares of Kaiser Aluminum Corporation (NASDAQ:KALU) opened at 105.02 on Wednesday. The company’s 50 day moving average price is $100.01 and its 200 day moving average price is $90.07. The stock has a market cap of $1.77 billion, a PE ratio of 23.07 and a beta of 0.54. Kaiser Aluminum Corporation has a 52-week low of $69.41 and a 52-week high of $106.43.
In other Kaiser Aluminum Corporation news, Director Alfred E. Osborne, Jr. sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $94.56, for a total transaction of $189,120.00. Following the completion of the sale, the director now directly owns 15,622 shares in the company, valued at approximately $1,477,216.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Jack A. Hockema sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $102.67, for a total value of $924,030.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,696 shares of company stock valued at $2,662,349. 3.00% of the stock is owned by company insiders.
A number of research firms recently weighed in on KALU. Zacks Investment Research raised Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th. BidaskClub raised Kaiser Aluminum Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Bank of America Corporation upped their price target on Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the stock an “underperform” rating in a report on Friday, July 21st. Deutsche Bank AG reaffirmed a “buy” rating on shares of Kaiser Aluminum Corporation in a report on Saturday, June 24th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $87.00 price objective (up from $80.00) on shares of Kaiser Aluminum Corporation in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Kaiser Aluminum Corporation has an average rating of “Buy” and an average target price of $97.00.
Kaiser Aluminum Corporation Company Profile
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.
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