Kaiser Aluminum Corp. (NASDAQ:KALU) declared a quarterly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Friday, October 25th will be paid a dividend of 0.60 per share by the industrial products company on Friday, November 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, October 24th.
Shares of NASDAQ KALU traded up $1.40 during trading on Thursday, reaching $98.83. The company had a trading volume of 1,203 shares, compared to its average volume of 123,720. Kaiser Aluminum has a 52 week low of $83.29 and a 52 week high of $114.99. The stock has a market cap of $1.57 billion, a PE ratio of 15.29 and a beta of 1.07. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.34 and a current ratio of 3.63. The business’s 50 day moving average price is $95.90 and its 200-day moving average price is $96.10.
Kaiser Aluminum (NASDAQ:KALU) last announced its earnings results on Wednesday, July 24th. The industrial products company reported $1.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.07. Kaiser Aluminum had a net margin of 5.96% and a return on equity of 14.23%. The company had revenue of $375.00 million during the quarter, compared to the consensus estimate of $388.25 million. During the same period in the previous year, the firm posted $1.68 earnings per share. The company’s revenue was down 9.6% on a year-over-year basis. Equities analysts anticipate that Kaiser Aluminum will post 7.24 earnings per share for the current year.
A number of equities analysts have weighed in on the stock. ValuEngine raised shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. BidaskClub upgraded shares of Kaiser Aluminum from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Zacks Investment Research upgraded shares of Kaiser Aluminum from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a research report on Saturday, October 12th. Finally, Goldman Sachs Group upgraded shares of Kaiser Aluminum from a “sell” rating to a “neutral” rating and set a $97.00 price target for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $109.67.
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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