Kaiser Aluminum (KALU) to Release Quarterly Earnings on Wednesday

Kaiser Aluminum (NASDAQ:KALU) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, April 24th. Analysts expect the company to announce earnings of $0.62 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.94. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The company had revenue of $722.00 million for the quarter, compared to analyst estimates of $716.01 million. During the same quarter last year, the company earned ($1.66) earnings per share. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. On average, analysts expect Kaiser Aluminum to post $4 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Kaiser Aluminum Price Performance

Kaiser Aluminum stock opened at $90.47 on Wednesday. The stock’s fifty day moving average price is $77.98 and its two-hundred day moving average price is $68.89. Kaiser Aluminum has a one year low of $53.67 and a one year high of $95.56. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.68 and a quick ratio of 1.39. The firm has a market cap of $1.45 billion, a PE ratio of 30.98 and a beta of 1.37.

Kaiser Aluminum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be paid a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 3.40%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 105.48%.

Institutional Investors Weigh In On Kaiser Aluminum

A number of large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Kaiser Aluminum by 17.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 8,392 shares of the industrial products company’s stock valued at $598,000 after purchasing an additional 1,231 shares in the last quarter. Barclays PLC boosted its holdings in shares of Kaiser Aluminum by 191.4% during the 4th quarter. Barclays PLC now owns 26,649 shares of the industrial products company’s stock valued at $1,898,000 after acquiring an additional 17,503 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Kaiser Aluminum by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 1,887,751 shares of the industrial products company’s stock valued at $134,389,000 after acquiring an additional 10,676 shares in the last quarter. Voloridge Investment Management LLC acquired a new stake in shares of Kaiser Aluminum during the 4th quarter valued at $2,320,000. Finally, Voya Investment Management LLC boosted its holdings in shares of Kaiser Aluminum by 21.6% during the 4th quarter. Voya Investment Management LLC now owns 13,924 shares of the industrial products company’s stock valued at $991,000 after acquiring an additional 2,477 shares in the last quarter. Institutional investors and hedge funds own 99.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. UBS Group assumed coverage on Kaiser Aluminum in a research note on Tuesday, January 16th. They set a “neutral” rating and a $67.00 price objective on the stock. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $77.00.

Kaiser Aluminum Company Profile

Kaiser Aluminum Corporation, together with its subsidiaries, engages in manufacture and sale of semi-fabricated specialty aluminum mill products in the United States and internationally. It offers rolled, extruded, and drawn aluminum products used for aerospace and defense, aluminum beverage and food packaging, automotive and general engineering products.