Analysts Offer Predictions for Kaiser Aluminum Corporation’s FY2017 Earnings (KALU)
Kaiser Aluminum Corporation (NASDAQ:KALU) – Equities researchers at Seaport Global Securities decreased their FY2017 earnings per share (EPS) estimates for Kaiser Aluminum Corporation in a research note issued to investors on Friday. Seaport Global Securities analyst J. Sullivan now anticipates that the industrial products company will post earnings of $5.07 per share for the year, down from their previous forecast of $5.23. Seaport Global Securities also issued estimates for Kaiser Aluminum Corporation’s Q4 2017 earnings at $1.18 EPS and Q2 2018 earnings at $1.50 EPS.
A number of other equities analysts also recently issued reports on the company. BidaskClub downgraded Kaiser Aluminum Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Zacks Investment Research upgraded Kaiser Aluminum Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. Bank of America Corporation boosted their price objective on Kaiser Aluminum Corporation from $79.00 to $85.00 and gave the company an “underperform” rating in a research report on Friday, July 21st. Morgan Stanley restated an “equal weight” rating and issued a $87.00 price objective (up from $80.00) on shares of Kaiser Aluminum Corporation in a research report on Tuesday, July 25th. Finally, Deutsche Bank AG set a $100.00 price objective on Kaiser Aluminum Corporation and gave the company a “buy” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $97.25.
Kaiser Aluminum Corporation (NASDAQ KALU) opened at 99.85 on Monday. Kaiser Aluminum Corporation has a 52-week low of $69.41 and a 52-week high of $108.99. The firm has a 50-day moving average price of $101.70 and a 200 day moving average price of $91.34. The stock has a market cap of $1.68 billion, a PE ratio of 21.93 and a beta of 0.54.
Kaiser Aluminum Corporation (NASDAQ:KALU) last announced its quarterly earnings results on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.19). Kaiser Aluminum Corporation had a return on equity of 11.45% and a net margin of 6.18%. The company had revenue of $332.80 million for the quarter, compared to the consensus estimate of $335.37 million. During the same quarter last year, the company posted $1.02 EPS. The company’s quarterly revenue was up 3.8% compared to the same quarter last year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 15th. Shareholders of record on Wednesday, October 25th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, October 24th. This represents a $2.00 dividend on an annualized basis and a yield of 2.00%. Kaiser Aluminum Corporation’s dividend payout ratio is currently 41.32%.
In other Kaiser Aluminum Corporation news, VP Del L. Miller sold 817 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $97.07, for a total transaction of $79,306.19. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jack A. Hockema sold 5,982 shares of the company’s stock in a transaction on Thursday, September 28th. The stock was sold at an average price of $102.66, for a total value of $614,112.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,414 shares of company stock valued at $2,538,238. 3.00% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of KALU. BlackRock Inc. lifted its holdings in Kaiser Aluminum Corporation by 12,449.4% during 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 during the period. FMR LLC lifted its holdings in Kaiser Aluminum Corporation by 136.8% during the second quarter. FMR LLC now owns 205,561 shares of the industrial products company’s stock worth $18,196,000 after buying an additional 118,741 shares during the period. Macquarie Group Ltd. lifted its holdings in Kaiser Aluminum Corporation by 30.9% during the second quarter. Macquarie Group Ltd. now owns 418,863 shares of the industrial products company’s stock worth $37,078,000 after buying an additional 98,855 shares during the period. JPMorgan Chase & Co. lifted its holdings in Kaiser Aluminum Corporation by 414.6% during the second quarter. JPMorgan Chase & Co. now owns 94,571 shares of the industrial products company’s stock worth $8,371,000 after buying an additional 76,192 shares during the period. Finally, Citadel Advisors LLC lifted its holdings in Kaiser Aluminum Corporation by 1,303.4% during the second quarter. Citadel Advisors LLC now owns 78,283 shares of the industrial products company’s stock worth $6,930,000 after buying an additional 72,705 shares during the period. Institutional investors own 98.04% of the company’s stock.
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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