Kaiser Aluminum (NASDAQ:KALU) Announces Earnings Results

Kaiser Aluminum (NASDAQ:KALU) posted its quarterly earnings results on Wednesday. The industrial products company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.29), Briefing.com reports. The business had revenue of $773.40 million for the quarter, compared to the consensus estimate of $773.89 million. Kaiser Aluminum had a net margin of 1.37% and a return on equity of 6.84%. Kaiser Aluminum’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.26 earnings per share.

Kaiser Aluminum Stock Down 0.4 %

Shares of KALU stock traded down $0.30 during trading hours on Friday, reaching $77.76. 257,705 shares of the company’s stock were exchanged, compared to its average volume of 154,717. The stock’s 50 day moving average is $92.00 and its 200-day moving average is $83.56. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 22.60 and a beta of 1.35. The company has a current ratio of 2.55, a quick ratio of 1.43 and a debt-to-equity ratio of 1.57. Kaiser Aluminum has a fifty-two week low of $53.67 and a fifty-two week high of $102.42.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 25th will be given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Thursday, July 25th. Kaiser Aluminum’s payout ratio is presently 89.53%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on KALU shares. Benchmark lifted their target price on Kaiser Aluminum from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. lifted their price target on Kaiser Aluminum from $68.00 to $80.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th.

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.