Kaiser Aluminum (KALU) Set to Announce Earnings on Wednesday

Kaiser Aluminum (NASDAQ:KALU) will post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Kaiser Aluminum to post earnings of $0.62 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Thursday, February 22nd. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.94. The firm had revenue of $722.00 million for the quarter, compared to the consensus estimate of $716.01 million. Kaiser Aluminum had a return on equity of 8.32% and a net margin of 1.53%. The company’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.66) EPS. 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

KALU stock opened at $89.82 on Tuesday. The company has a current ratio of 2.68, a quick ratio of 1.39 and a debt-to-equity ratio of 1.72. The company has a market capitalization of $1.44 billion, a PE ratio of 30.76 and a beta of 1.37. Kaiser Aluminum has a 12-month low of $53.67 and a 12-month high of $95.56. The business’s fifty day moving average price is $79.99 and its 200 day moving average price is $69.46.

Kaiser Aluminum Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Thursday, April 25th will be issued a dividend of $0.77 per share. The ex-dividend date is Wednesday, April 24th. This represents a $3.08 annualized dividend and a yield of 3.43%. Kaiser Aluminum’s dividend payout ratio (DPR) is 105.48%.

Analyst Ratings Changes

KALU has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price target on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. Benchmark restated a “buy” rating and set a $84.00 price target on shares of Kaiser Aluminum in a report on Friday. Finally, UBS Group initiated coverage on Kaiser Aluminum in a report on Tuesday, January 16th. They set a “neutral” rating and a $67.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.