Kaiser Aluminum (NASDAQ:KALU) Issues Earnings Results

Kaiser Aluminum (NASDAQ:KALU) posted its quarterly earnings data on Wednesday. The industrial products company reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.16), Briefing.com reports. Kaiser Aluminum had a net margin of 1.37% and a return on equity of 6.84%. The company had revenue of $748.00 million during the quarter, compared to analyst estimates of $793.30 million. During the same quarter in the previous year, the business posted $0.46 EPS. The company’s revenue was up .5% compared to the same quarter last year.

Kaiser Aluminum Trading Up 1.5 %

Shares of KALU traded up $1.03 during trading hours on Friday, hitting $68.34. 289,705 shares of the stock traded hands, compared to its average volume of 114,309. The company has a current ratio of 2.55, a quick ratio of 1.42 and a debt-to-equity ratio of 1.57. Kaiser Aluminum has a 1-year low of $53.67 and a 1-year high of $102.42. The firm has a market capitalization of $1.10 billion, a PE ratio of 27.45 and a beta of 1.33. The business has a fifty day moving average of $71.17 and a 200-day moving average of $83.09.

Kaiser Aluminum Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, October 25th will be paid a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, October 25th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 123.69%.

Analysts Set New Price Targets

Separately, Benchmark raised their price target on shares of Kaiser Aluminum from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 12th.

Insider Activity

In other news, CEO Keith Harvey purchased 2,588 shares of the business’s stock in a transaction dated Monday, July 29th. The shares were acquired at an average price of $77.23 per share, with a total value of $199,871.24. Following the completion of the purchase, the chief executive officer now directly owns 103,550 shares of the company’s stock, valued at $7,997,166.50. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is currently owned by insiders.

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.