Kaiser Aluminum Corp. (NASDAQ:KALU) declared a quarterly dividend on Tuesday, July 14th, Zacks reports. Investors of record on Friday, July 24th will be given a dividend of 0.67 per share by the industrial products company on Friday, August 14th. This represents a $2.68 annualized dividend and a yield of 3.87%. The ex-dividend date is Thursday, July 23rd.
Kaiser Aluminum has a dividend payout ratio of 108.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
NASDAQ KALU opened at $69.26 on Thursday. Kaiser Aluminum has a one year low of $54.54 and a one year high of $117.06. The company has a market cap of $1.09 billion, a P/E ratio of 17.36 and a beta of 1.13. The business has a fifty day moving average price of $73.30 and a 200 day moving average price of $82.86. The company has a debt-to-equity ratio of 0.72, a quick ratio of 3.07 and a current ratio of 4.05.
Kaiser Aluminum (NASDAQ:KALU) last issued its earnings results on Monday, April 20th. The industrial products company reported $1.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.58 by $0.32. Kaiser Aluminum had a return on equity of 15.08% and a net margin of 4.21%. The business had revenue of $369.00 million during the quarter, compared to the consensus estimate of $386.89 million. During the same period last year, the company earned $1.85 EPS. The company's revenue for the quarter was down 4.2% on a year-over-year basis.
A number of brokerages have issued reports on KALU. BidaskClub downgraded Kaiser Aluminum from a "sell" rating to a "strong sell" rating in a research note on Tuesday, July 7th. Zacks Investment Research raised Kaiser Aluminum from a "sell" rating to a "hold" rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. lowered their price target on Kaiser Aluminum from $105.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, April 17th. Finally, ValuEngine cut Kaiser Aluminum from a "hold" rating to a "sell" rating in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company's stock. The company has an average rating of "Hold" and an average price target of $99.33.
In other news, CEO Jack A. Hockema sold 3,000 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $73.42, for a total transaction of $220,260.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Keith Harvey sold 1,000 shares of the firm's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $73.07, for a total value of $73,070.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,254 shares of company stock valued at $710,883. Company insiders own 1.40% 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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