Zacks: Analysts Expect Kaiser Aluminum Corp. (NASDAQ:KALU) Will Post Quarterly Sales of $393.64 Million

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Equities research analysts expect Kaiser Aluminum Corp. (NASDAQ:KALU) to announce sales of $393.64 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Kaiser Aluminum’s earnings. The lowest sales estimate is $387.00 million and the highest is $399.74 million. Kaiser Aluminum reported sales of $415.40 million in the same quarter last year, which would suggest a negative year over year growth rate of 5.2%. The company is expected to announce its next quarterly earnings report on Monday, July 22nd.

On average, analysts expect that Kaiser Aluminum will report full-year sales of $1.60 billion for the current fiscal year, with estimates ranging from $1.56 billion to $1.64 billion. For the next fiscal year, analysts expect that the business will report sales of $1.69 billion, with estimates ranging from $1.60 billion to $1.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Kaiser Aluminum.

Kaiser Aluminum (NASDAQ:KALU) last posted its earnings results on Tuesday, April 23rd. The industrial products company reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.02. The firm had revenue of $395.00 million during the quarter, compared to analysts’ expectations of $404.04 million. Kaiser Aluminum had a net margin of 5.90% and a return on equity of 14.91%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.60 earnings per share.

A number of brokerages recently issued reports on KALU. Zacks Investment Research upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. BidaskClub lowered shares of Kaiser Aluminum from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $112.40.

NASDAQ KALU traded down $2.32 during trading hours on Tuesday, reaching $92.21. The company’s stock had a trading volume of 93,876 shares, compared to its average volume of 99,832. The firm has a market cap of $1.49 billion, a PE ratio of 14.25 and a beta of 1.01. Kaiser Aluminum has a 52 week low of $83.29 and a 52 week high of $119.66. The company has a debt-to-equity ratio of 0.50, a current ratio of 3.29 and a quick ratio of 2.14.

In related news, VP Mark Krouse sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $93.44, for a total value of $102,784.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Keith Harvey sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $94.94, for a total transaction of $94,940.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,600 shares of company stock valued at $242,724. 3.20% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of KALU. Quantamental Technologies LLC acquired a new stake in Kaiser Aluminum during the 4th quarter valued at approximately $26,000. Fifth Third Bancorp increased its position in Kaiser Aluminum by 66.8% during the 1st quarter. Fifth Third Bancorp now owns 402 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 161 shares during the period. Advisor Group Inc. increased its position in Kaiser Aluminum by 143.2% during the 1st quarter. Advisor Group Inc. now owns 1,391 shares of the industrial products company’s stock valued at $146,000 after purchasing an additional 819 shares during the period. BlueMountain Capital Management LLC acquired a new stake in Kaiser Aluminum during the 1st quarter valued at approximately $154,000. Finally, LS Investment Advisors LLC increased its position in Kaiser Aluminum by 285.9% during the 4th quarter. LS Investment Advisors LLC now owns 1,914 shares of the industrial products company’s stock valued at $171,000 after purchasing an additional 1,418 shares during the period. Institutional investors and hedge funds own 97.06% of the company’s stock.

Kaiser Aluminum Company Profile

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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