Analysts Expect Kaiser Aluminum Corp. (NASDAQ:KALU) to Announce $1.93 Earnings Per Share

Equities research analysts forecast that Kaiser Aluminum Corp. (NASDAQ:KALU) will report earnings of $1.93 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Kaiser Aluminum’s earnings. The highest EPS estimate is $2.20 and the lowest is $1.69. Kaiser Aluminum posted earnings of $1.43 per share during the same quarter last year, which would suggest a positive year over year growth rate of 35%. The firm is expected to announce its next quarterly earnings report on Wednesday, October 16th.

According to Zacks, analysts expect that Kaiser Aluminum will report full-year earnings of $7.20 per share for the current year, with EPS estimates ranging from $6.88 to $7.50. For the next financial year, analysts anticipate that the company will post earnings of $7.82 per share, with EPS estimates ranging from $7.55 to $8.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Kaiser Aluminum.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results 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. The firm had revenue of $375.00 million for the quarter, compared to the consensus estimate of $388.25 million. Kaiser Aluminum had a return on equity of 14.23% and a net margin of 5.96%. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.68 EPS.

Several research analysts recently commented on the company. Zacks Investment Research lowered Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. Goldman Sachs Group raised shares of Kaiser Aluminum from a “sell” rating to a “neutral” rating and set a $97.00 price target for the company in a research note on Thursday, August 8th. ValuEngine downgraded shares of Kaiser Aluminum from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. Finally, BidaskClub raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Tuesday, September 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $109.67.

Shares of NASDAQ KALU traded down $0.72 during midday trading on Tuesday, hitting $98.25. 116,758 shares of the stock traded hands, compared to its average volume of 122,318. Kaiser Aluminum has a one year low of $83.29 and a one year high of $114.99. The firm has a 50-day moving average of $93.54 and a two-hundred day moving average of $96.59. The firm has a market capitalization of $1.58 billion, a P/E ratio of 15.19 and a beta of 1.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.34 and a current ratio of 3.63.

In related news, CFO Neal E. West sold 750 shares of Kaiser Aluminum stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $100.00, for a total transaction of $75,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Keith Harvey sold 500 shares of Kaiser Aluminum stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $90.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. Insiders have sold 30,850 shares of company stock valued at $3,004,810 in the last ninety days. Insiders own 1.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Macquarie Group Ltd. increased its holdings in Kaiser Aluminum by 6.6% during the second quarter. Macquarie Group Ltd. now owns 698,183 shares of the industrial products company’s stock valued at $68,149,000 after buying an additional 43,146 shares during the period. BlackRock Inc. increased its holdings in Kaiser Aluminum by 0.8% during the second quarter. BlackRock Inc. now owns 2,486,357 shares of the industrial products company’s stock valued at $242,693,000 after buying an additional 19,066 shares during the period. Verition Fund Management LLC purchased a new position in Kaiser Aluminum during the second quarter valued at approximately $1,408,000. Amundi Pioneer Asset Management Inc. increased its holdings in 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 valued at $44,047,000 after buying an additional 34,969 shares during the period. Finally, Susquehanna International Group LLP increased its holdings in 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 valued at $1,984,000 after buying an additional 31,323 shares during the period. 97.33% of the stock is currently owned by institutional investors.

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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