Equities analysts expect Kaiser Aluminum Corp. (NASDAQ:KALU) to post sales of $396.32 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Kaiser Aluminum’s earnings, with the lowest sales estimate coming in at $385.20 million and the highest estimate coming in at $414.00 million. Kaiser Aluminum reported sales of $393.10 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.8%. The firm is scheduled to report its next earnings report on Wednesday, October 16th.
On average, analysts expect that Kaiser Aluminum will report full year sales of $1.57 billion for the current year, with estimates ranging from $1.55 billion to $1.61 billion. For the next year, analysts expect that the company will post sales of $1.66 billion, with estimates ranging from $1.58 billion to $1.74 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Kaiser Aluminum.
Kaiser Aluminum (NASDAQ:KALU) last posted its quarterly earnings data on Wednesday, July 24th. The industrial products company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.07. Kaiser Aluminum had a return on equity of 14.23% and a net margin of 5.96%. The company had revenue of $375.00 million during the quarter, compared to analysts’ expectations of $388.25 million. During the same period last year, the firm earned $1.68 EPS. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis.
In other news, COO Keith Harvey sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $90.00, for a total value of $45,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Neal E. West sold 750 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $100.00, for a total value of $75,000.00. The disclosure for this sale can be found here. Insiders sold a total of 24,050 shares of company stock valued at $2,333,191 over the last three months. Insiders own 1.70% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of KALU. Verition Fund Management LLC acquired a new stake in shares of Kaiser Aluminum during the second quarter worth $1,408,000. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Kaiser Aluminum by 11.0% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 352,303 shares of the industrial products company’s stock worth $44,047,000 after purchasing an additional 34,969 shares during the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Kaiser Aluminum by 284.8% during the second quarter. Susquehanna International Group LLP now owns 20,323 shares of the industrial products company’s stock worth $1,984,000 after purchasing an additional 31,323 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Kaiser Aluminum during the second quarter worth $15,993,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Kaiser Aluminum by 4.0% during the second quarter. Price T Rowe Associates Inc. MD now owns 9,519 shares of the industrial products company’s stock worth $929,000 after purchasing an additional 370 shares during the last quarter. 96.15% of the stock is owned by institutional investors and hedge funds.
Kaiser Aluminum stock traded down $0.44 during mid-day trading on Monday, reaching $90.33. 26,120 shares of the company were exchanged, compared to its average volume of 140,727. Kaiser Aluminum has a twelve month low of $83.29 and a twelve month high of $114.99. The firm’s 50-day simple moving average is $94.18 and its two-hundred day simple moving average is $98.77. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.34 and a current ratio of 3.63. The firm has a market cap of $1.48 billion, a PE ratio of 13.96 and a beta of 1.05.
The firm also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, July 24th. This represents a $2.40 annualized dividend and a dividend yield of 2.66%. Kaiser Aluminum’s dividend payout ratio is currently 37.09%.
About Kaiser Aluminum
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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