Wall Street analysts forecast that Kaiser Aluminum Corp. (NASDAQ:KALU) will post sales of $393.64 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Kaiser Aluminum’s earnings. The highest sales estimate is $399.74 million and the lowest is $387.00 million. Kaiser Aluminum reported sales of $415.40 million in the same quarter last year, which indicates a negative year over year growth rate of 5.2%. The business is expected to announce its next quarterly earnings report on Monday, July 22nd.
According to Zacks, analysts expect that Kaiser Aluminum will report full year sales of $1.60 billion for the current financial year, with estimates ranging from $1.56 billion to $1.64 billion. For the next year, analysts forecast that the business will report sales of $1.69 billion, with estimates ranging from $1.60 billion to $1.77 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last announced its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. Kaiser Aluminum had a net margin of 5.90% and a return on equity of 14.91%. The company had revenue of $395.00 million for the quarter, compared to analysts’ expectations of $404.04 million. During the same period last year, the firm posted $1.60 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year.
Shares of KALU traded down $2.41 during trading hours on Thursday, hitting $91.71. 9,845 shares of the stock were exchanged, compared to its average volume of 90,750. Kaiser Aluminum has a fifty-two week low of $83.29 and a fifty-two week high of $119.66. The company has a quick ratio of 2.14, a current ratio of 3.29 and a debt-to-equity ratio of 0.50. The business’s 50-day simple moving average is $93.73. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 14.18 and a beta of 1.03.
In other Kaiser Aluminum news, EVP John Malcolm Donnan sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $100.00, for a total transaction of $500,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Keith Harvey sold 1,000 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $94.94, for a total transaction of $94,940.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,050 shares of company stock valued at $1,083,105. Corporate insiders own 1.70% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank purchased a new position in Kaiser Aluminum during the fourth quarter valued at approximately $218,000. Aptus Capital Advisors LLC bought a new position in shares of Kaiser Aluminum during the fourth quarter worth $225,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Kaiser Aluminum during the first quarter worth $249,000. Magnus Financial Group LLC bought a new position in shares of Kaiser Aluminum during the fourth quarter worth $250,000. Finally, Paloma Partners Management Co lifted its position in Kaiser Aluminum by 57.9% in the 4th quarter. Paloma Partners Management Co now owns 3,000 shares of the industrial products company’s stock valued at $268,000 after acquiring an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 97.06% of the company’s stock.
Kaiser Aluminum Company Profile
Kaiser Aluminum Corporation manufactures and sells semi-fabricated specialty aluminum mill products. The company offers rolled, extruded, and drawn aluminum products used principally for aerospace and defense, automotive, consumer durables, electronics, electrical, and machinery and equipment applications.
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