$1.75 Earnings Per Share Expected for Kaiser Aluminum Corp. (NASDAQ:KALU) This Quarter

Analysts expect that Kaiser Aluminum Corp. (NASDAQ:KALU) will announce earnings of $1.75 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Kaiser Aluminum’s earnings, with the lowest EPS estimate coming in at $1.71 and the highest estimate coming in at $1.78. Kaiser Aluminum also reported earnings of $1.75 per share during the same quarter last year. The company is expected to issue its next quarterly earnings report on Wednesday, February 19th.

According to Zacks, analysts expect that Kaiser Aluminum will report full year earnings of $6.81 per share for the current fiscal year, with EPS estimates ranging from $6.78 to $6.84. For the next fiscal year, analysts forecast that the business will report earnings of $7.75 per share, with EPS estimates ranging from $7.38 to $7.98. Zacks’ EPS 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, October 23rd. The industrial products company reported $1.82 EPS for the quarter, missing the Zacks’ consensus estimate of $1.90 by ($0.08). Kaiser Aluminum had a net margin of 6.27% and a return on equity of 14.99%. The company had revenue of $375.00 million during the quarter, compared to analyst estimates of $393.94 million. During the same period in the previous year, the company earned $1.43 EPS. The company’s quarterly revenue was down 4.6% compared to the same quarter last year.

KALU has been the topic of a number of recent analyst reports. Goldman Sachs Group raised shares of Kaiser Aluminum from a “sell” rating to a “neutral” rating and set a $97.00 target price on the stock in a research report on Thursday, August 8th. ValuEngine raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. BidaskClub raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Zacks Investment Research cut shares of Kaiser Aluminum from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th.

In other Kaiser Aluminum news, EVP John Malcolm Donnan sold 3,749 shares of the business’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $110.00, for a total transaction of $412,390.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Brett Wilcox sold 4,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $108.45, for a total transaction of $433,800.00. Following the sale, the director now owns 12,797 shares in the company, valued at $1,387,834.65. The disclosure for this sale can be found here. Insiders have sold 36,651 shares of company stock worth $3,801,016 over the last quarter. Insiders own 1.70% of the company’s stock.

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Large investors have recently modified their holdings of the business. GAM Holding AG increased its stake in Kaiser Aluminum by 61.7% during the second quarter. GAM Holding AG now owns 9,921 shares of the industrial products company’s stock worth $968,000 after purchasing an additional 3,786 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Kaiser Aluminum by 69.4% during the second quarter. Cubist Systematic Strategies LLC now owns 7,395 shares of the industrial products company’s stock worth $722,000 after buying an additional 3,029 shares during the period. ARK Investment Management LLC purchased a new stake in shares of Kaiser Aluminum during the second quarter worth approximately $352,000. State of Tennessee Treasury Department increased its stake in shares of Kaiser Aluminum by 21.6% during the third quarter. State of Tennessee Treasury Department now owns 17,089 shares of the industrial products company’s stock worth $1,691,000 after buying an additional 3,033 shares during the period. Finally, WINTON GROUP Ltd increased its stake in shares of Kaiser Aluminum by 567.2% during the second quarter. WINTON GROUP Ltd now owns 66,138 shares of the industrial products company’s stock worth $6,456,000 after buying an additional 56,225 shares during the period. Institutional investors own 96.05% of the company’s stock.

NASDAQ KALU traded down $0.22 during trading hours on Friday, reaching $109.68. The company had a trading volume of 3,742 shares, compared to its average volume of 124,291. The stock has a 50-day moving average of $103.47 and a 200 day moving average of $96.39. Kaiser Aluminum has a 1-year low of $83.29 and a 1-year high of $114.99. The company has a current ratio of 3.80, a quick ratio of 2.71 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $1.73 billion, a P/E ratio of 16.96 and a beta of 1.11.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, October 25th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a $2.40 dividend on an annualized basis and a yield of 2.19%. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 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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Earnings History and Estimates for Kaiser Aluminum (NASDAQ:KALU)

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