Wall Street analysts expect that Kaiser Aluminum Corp. (NASDAQ:KALU) will report sales of $356.35 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kaiser Aluminum’s earnings. The highest sales estimate is $366.04 million and the lowest is $345.80 million. Kaiser Aluminum posted sales of $332.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The company is scheduled to announce its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Kaiser Aluminum will report full year sales of $356.35 million for the current year, with estimates ranging from $1.39 billion to $1.41 billion. For the next year, analysts forecast that the firm will post sales of $1.47 billion per share, with estimates ranging from $1.37 billion to $1.52 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Kaiser Aluminum.

Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Wednesday, October 18th. The industrial products company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.19). Kaiser Aluminum had a return on equity of 11.45% and a net margin of 6.18%. The firm had revenue of $332.80 million during the quarter, compared to analysts’ expectations of $335.37 million. During the same period last year, the business posted $1.02 earnings per share. The company’s quarterly revenue was up 3.8% compared to the same quarter last year.

A number of equities analysts have issued reports on the stock. BidaskClub raised shares of Kaiser Aluminum from a “buy” rating to a “strong-buy” rating in a report on Friday, December 29th. Zacks Investment Research lowered shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Cowen set a $97.00 price target on shares of Kaiser Aluminum and gave the stock a “hold” rating in a research report on Thursday, October 12th. Deutsche Bank cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 price objective on the stock. in a research report on Tuesday, October 17th. Finally, Credit Suisse Group lifted their target price on shares of Kaiser Aluminum from $90.00 to $95.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Kaiser Aluminum currently has an average rating of “Hold” and an average target price of $101.29.

In other news, VP Melinda C. Ellsworth sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $99.48, for a total value of $99,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.00% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc purchased a new stake in shares of Kaiser Aluminum in the third quarter worth about $124,000. Flinton Capital Management LLC increased its position in shares of Kaiser Aluminum by 54.3% in the second quarter. Flinton Capital Management LLC now owns 1,836 shares of the industrial products company’s stock worth $162,000 after purchasing an additional 646 shares during the last quarter. Riverhead Capital Management LLC increased its position in shares of Kaiser Aluminum by 58.3% in the second quarter. Riverhead Capital Management LLC now owns 1,899 shares of the industrial products company’s stock worth $168,000 after purchasing an additional 699 shares during the last quarter. Invictus RG grew its position in Kaiser Aluminum by 140.9% during the third quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock valued at $173,000 after acquiring an additional 982 shares during the last quarter. Finally, KBC Group NV bought a new position in shares of Kaiser Aluminum in the second quarter worth approximately $188,000. 98.03% of the stock is currently owned by institutional investors and hedge funds.

Shares of Kaiser Aluminum (NASDAQ KALU) opened at $109.35 on Thursday. The firm has a market capitalization of $1,806.17, a PE ratio of 22.59, a PEG ratio of 1.26 and a beta of 0.54. Kaiser Aluminum has a 52 week low of $74.56 and a 52 week high of $109.94. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.55 and a current ratio of 3.75.

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Kaiser Aluminum 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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