Equities research analysts expect that Kaiser Aluminum Corp. (NASDAQ:KALU) will report sales of $393.60 million for the current quarter, Zacks reports. Three analysts have made estimates for Kaiser Aluminum’s earnings. The highest sales estimate is $408.30 million and the lowest is $374.20 million. Kaiser Aluminum posted sales of $355.30 million in the same quarter last year, which suggests a positive year over year growth rate of 10.8%. The firm is expected to report its next earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Kaiser Aluminum will report full year sales of $393.60 million for the current fiscal year, with estimates ranging from $1.49 billion to $1.56 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.60 billion per share, with estimates ranging from $1.56 billion to $1.62 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last issued its quarterly earnings results on Wednesday, February 21st. The industrial products company reported $1.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.04). Kaiser Aluminum had a return on equity of 11.35% and a net margin of 3.25%. The company had revenue of $353.00 million for the quarter, compared to analyst estimates of $348.95 million. During the same period in the prior year, the business earned $1.27 earnings per share. Kaiser Aluminum’s revenue for the quarter was up 6.3% compared to the same quarter last year.
In other news, CEO Jack A. Hockema sold 9,000 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $104.01, for a total value of $936,090.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.00% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB purchased a new position in shares of Kaiser Aluminum in the fourth quarter valued at $274,000. We Are One Seven LLC purchased a new position in shares of Kaiser Aluminum in the fourth quarter valued at $192,000. MetLife Investment Advisors LLC purchased a new position in shares of Kaiser Aluminum in the fourth quarter valued at $810,000. Macquarie Group Ltd. increased its position in shares of Kaiser Aluminum by 3.4% in the fourth quarter. Macquarie Group Ltd. now owns 456,255 shares of the industrial products company’s stock valued at $48,751,000 after buying an additional 15,026 shares in the last quarter. Finally, Vident Investment Advisory LLC increased its position in shares of Kaiser Aluminum by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 28,398 shares of the industrial products company’s stock valued at $3,034,000 after buying an additional 1,727 shares in the last quarter.
Shares of Kaiser Aluminum (KALU) opened at $106.94 on Tuesday. Kaiser Aluminum has a fifty-two week low of $75.00 and a fifty-two week high of $116.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.79 and a quick ratio of 2.59. The company has a market capitalization of $1,794.93, a price-to-earnings ratio of 41.61, a price-to-earnings-growth ratio of 1.11 and a beta of 0.63.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 15th. Stockholders of record on Friday, January 26th were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, January 25th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.06%. This is a boost from Kaiser Aluminum’s previous quarterly dividend of $0.50. Kaiser Aluminum’s dividend payout ratio (DPR) is currently 85.60%.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kaiser Aluminum Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kaiser Aluminum and related companies with MarketBeat.com's FREE daily email newsletter.