Kaiser Aluminum (NASDAQ:KALU) Issues Earnings Results

Kaiser Aluminum (NASDAQ:KALU) released its quarterly earnings results on Thursday. The industrial products company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.58 by $0.44, RTT News reports. The business had revenue of $738.00 million for the quarter, compared to analyst estimates of $733.34 million. Kaiser Aluminum had a net margin of 1.85% and a return on equity of 8.40%. The company’s quarterly revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 earnings per share.

Kaiser Aluminum Stock Performance

Shares of NASDAQ KALU traded up $6.43 during midday trading on Friday, hitting $94.92. The company’s stock had a trading volume of 470,638 shares, compared to its average volume of 169,119. Kaiser Aluminum has a 1-year low of $53.67 and a 1-year high of $95.56. The firm’s fifty day moving average price is $82.07 and its 200-day moving average price is $70.05. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.39 and a current ratio of 2.66. The firm has a market cap of $1.52 billion, a P/E ratio of 27.59 and a beta of 1.38.

Kaiser Aluminum Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Thursday, April 25th will be issued a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Wednesday, April 24th. Kaiser Aluminum’s dividend payout ratio (DPR) is presently 89.53%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group began coverage on shares of Kaiser Aluminum in a research report on Tuesday, January 16th. They issued a “neutral” rating and a $67.00 price target on the stock. Benchmark reissued a “buy” rating and issued a $84.00 target price on shares of Kaiser Aluminum in a research note on Friday, April 19th. Finally, JPMorgan Chase & Co. raised their target price on shares of Kaiser Aluminum from $68.00 to $80.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $77.00.

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.