Brokerages Anticipate Kaiser Aluminum Corp. (KALU) Will Announce Quarterly Sales of $355.82 Million

Wall Street analysts predict that Kaiser Aluminum Corp. (NASDAQ:KALU) will post sales of $355.82 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Kaiser Aluminum’s earnings. The highest sales estimate is $366.04 million and the lowest is $342.30 million. Kaiser Aluminum posted sales of $332.00 million in the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The business is scheduled to report its next quarterly earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Kaiser Aluminum will report full year sales of $355.82 million for the current financial year, with estimates ranging from $1.39 billion to $1.41 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.48 billion per share, with estimates ranging from $1.38 billion to $1.53 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Kaiser Aluminum.

A number of research firms have issued reports on KALU. BidaskClub cut shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Zacks Investment Research cut shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Cowen set a $97.00 target price on shares of Kaiser Aluminum and gave the company a “hold” rating in a research note on Thursday, October 12th. Deutsche Bank cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating and set a $104.00 target price for the company. in a research note on Tuesday, October 17th. Finally, Morgan Stanley lifted their target price on shares of Kaiser Aluminum from $87.00 to $101.00 and gave the company an “equal weight” rating in a research note on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $101.29.

Several large investors have recently added to or reduced their stakes in KALU. NEXT Financial Group Inc bought a new position in shares of Kaiser Aluminum in the third quarter valued at approximately $124,000. Flinton Capital Management LLC raised 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 valued at $162,000 after purchasing an additional 646 shares during the period. Invictus RG raised its position in shares of Kaiser Aluminum by 140.9% in the third quarter. Invictus RG now owns 1,679 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 982 shares during the period. Amalgamated Bank bought a new position in shares of Kaiser Aluminum in the second quarter valued at approximately $204,000. Finally, Meeder Asset Management Inc. bought a new position in shares of Kaiser Aluminum in the third quarter valued at approximately $228,000. 99.84% of the stock is currently owned by institutional investors.

Shares of Kaiser Aluminum (NASDAQ:KALU) opened at $105.83 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 3.75 and a quick ratio of 2.55. The stock has a market cap of $1,802.28, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 1.11 and a beta of 0.56. Kaiser Aluminum has a one year low of $74.56 and a one year high of $116.86.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Friday, January 26th will be given a $0.55 dividend. This is a positive change from Kaiser Aluminum’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, January 25th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.08%. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 45.45%.

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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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Earnings History and Estimates for Kaiser Aluminum (NASDAQ:KALU)

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